Movement Alert|Geely Auto Rises 3.37% in Regular Trading, H1 Sales Hit All-Time High as Multiple Brokerages Reiterate Buy

Market Focus09:59

On July 16, Geely Auto rose 3.37% in regular trading, trading at 19.03 HKD/share, with turnover of HKD 193 million.

On the news front, Geely Holdings Group disclosed its first-half sales data on July 15, reporting cumulative sales of 1.9348 million units, a record high for the period. New energy vehicle sales reached 1.1009 million units, up 10% year-over-year, with NEV penetration climbing to 56.9%. Domestic terminal retail hit 1.021 million units, making Geely the top-selling passenger car brand in China. Overseas exports surged 158% year-over-year to 474,000 units, already surpassing last year's full-year export volume in just six months.

Multiple investment banks have expressed bullish views on the stock. Citi added Geely to its Pan-Asia Focus List with a target price of 30 HKD, citing Zeekr's sales breakthrough and strong export momentum. CLSA maintains a high-conviction outperform rating with a 30 HKD target. Changjiang Securities, Guotai Haitong, and Oriental Securities all maintain Buy ratings, highlighting the company's overseas expansion and premium brand profit realization.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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