吉利汽车：Solid 1Q24 with better 2H24 earnings ahead

CMB International Global Markets | Equity Research | Company Update Geely Automobile (175 HK) Solid 1Q24 with better 2H24 earnings ahead Maintain BUY. We are of the view that 1Q24 earnings (net profit of RMB1.56bn) were slightly better than our prior forecast and therefore, we raise our FY24E net profit estimates by 5% to RMB7bn. We believe that Zeekr could be undervalued given its solid sales momentum and possible earnings improvement from 2H24E. 1Q24 earnings slightly beat. Geely reported its quarterly re ...