Citi has issued a research report stating that it has added Geely Auto (00175) to its Pan-Asia Focus List. This decision is based on the breakthrough sales performance of the company's premium brand Zeekr, robust export momentum, and a risk-reward profile deemed more attractive than its industry peers.
The bank has assigned a 'Buy' rating to the stock, with a target price of HK$30 and an expected dividend yield of 4%.
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