Guotai Haitong Securities: Maintains "Overweight" rating on Geely Automobile (00175.HK); September 2026 sales up 7% year-on-year

Zhitong Finance APP has learned that Guotai Haitong Securities issued a research report stating that it is estimated that Geely Automobile's (00175.HK) net profit attributable to shareholders for 2026-2028 will be RMB 20.22 billion, RMB 28.52 billion, and RMB 39.71 billion, respectively, with EPS of RMB 1.86, RMB 2.63, and RMB 3.66, respectively. It assigns a 15x PE for 2026, corresponding to a target price of HKD 32.72, and maintains an "Outperform" rating; the bank believes that Geely Automobile already possesses the core competitiveness to become a leading global automaker, and that as its strategic plans are gradually implemented, both its sales scale and operating performance will reach new levels.