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招商证券国际:料吉利汽车(00175)第四季稳中有升 维持目标价32港元
智通财经网·2025-11-19 03:59

Core Viewpoint - Despite intense industry competition, Geely Automobile (00175) has shown a recovery in single-vehicle profit in Q3, with expectations for steady growth in Q4, supported by increased high-end product volume and accelerated overseas expansion, which will drive company performance growth [1] Financial Performance - The group's net profit for Q3 reached 3.82 billion RMB, representing a year-on-year increase of 57.6% and a quarter-on-quarter increase of 5.6%, aligning with the expectations of the brokerage and exceeding the market consensus of approximately 3.34 billion RMB by about 14.3% [1] Investment Rating - The company remains the top pick in the brokerage's automotive sector, maintaining a target price of 32 HKD and an "overweight" investment rating, citing attractive current valuations [1] Short-term Catalysts - Short-term stock price catalysts include the implementation of a share buyback plan [1]