GF Securities: Maintains "Buy" Rating on Chery Automobile (09973.HK), Fair Value HK$32.06; Q3 Net Profit Attributable to Parent Up 15.79% YoY

Zhito Finance APP has learned that GF Securities has issued a research report stating that it maintains a "Buy" rating on Chery Automobile (09973.HK). Taking into account the valuations of comparable companies, it assigns the company a 2026 valuation of 8 times price-to-earnings (PE), corresponding to a fair value of HK$32.06 per share. The bank expects the company's net profit attributable to parent from 2026 to 2028 to be RMB 19.926 billion, RMB 21.815 billion, and RMB 25.315 billion, respectively. In the third quarter of 2026, the company achieved operating revenue of RMB 97.954 billion, up 33.76% year on year and 26.54% quarter on quarter; net profit attributable to parent was RMB 5.396 billion, up 15.79% year on year and 22.72% quarter on quarter, with excellent revenue and performance.