According to the research report of Ifeng.com's Hong Kong stock market, the bank is optimistic about Geely's 4.0 product cycle and its development potential in the direction of electrification and intelligence, and reiterated its outperform rating. However, due to the shortage of cores and rising raw material prices, CICC lowered the company's profit forecast for this year by 15.6% to 7.01 billion yuan, introduced a profit forecast of 9.91 billion yuan for 2022, and switched the company's valuation method to the segment valuation method for 2022Geely AutomobileThe total target market value of (excluding Jikrypton) and Jikrypton is HK $363.3 billion, so the bank raised the target price by 170% to HK $37, which is 38% upside from the current stock price.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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