Overseas Markets to Become Core Growth Driver for Geely Automobile -- Market Talk

Dow Jones06-23

0310 GMT - Geely Automobile's overseas markets will become the core growth driver between 2026 and 2030, says Daiwa analyst Kelvin Lau. Overseas expansion will likely continue to boost the Chinese automaker's margins, he adds. Geely is experiencing strong export momentum, shipping 1.18 million vehicles as of the first five months of the year. Geely has strategically focused on five key overseas markets: the European Union, Eastern Europe, Asean, Latin America and Africa, and the Middle East. The oil price surge driven by the Middle East conflict will reshape global automobile consumer preferences, he adds. Daiwa upgrades the stock to buy from hold and raises its target price to 27.00 Hong Kong dollars from HK$23.70. Shares last trading at HK$17.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 22, 2026 23:10 ET (03:10 GMT)

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Overseas expansion will likely continue to boost the Chinese automaker's margins, he adds. <a href=\"https://laohu8.com/S/00175\">Geely</a> is experiencing strong export momentum, shipping 1.18 million vehicles as of the first five months of the year. Geely has strategically focused on five key overseas markets: the European Union, Eastern Europe, Asean, Latin America and Africa, and the Middle East. The oil price surge driven by the Middle East conflict will reshape global automobile consumer preferences, he adds. Daiwa upgrades the stock to buy from hold and raises its target price to 27.00 Hong Kong dollars from HK$23.70. Shares last trading at HK$17.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 22, 2026 23:10 ET (03:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1521","symbol_name":"挪威政府全球养老基金持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2645004006","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645004006","pubTimestamp":1782184200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0310 GMT - Geely Automobile's overseas markets will become the core growth driver between 2026 and 2030, says Daiwa analyst Kelvin Lau. 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Overseas expansion will likely continue to boost the Chinese automaker's margins, he adds. Geely is experiencing strong export momentum, shipping 1.18 million vehicles as of the first five months of the year. Geely has strategically focused on five key overseas markets: the European Union, Eastern Europe, Asean, Latin America and Africa, and the Middle East. The oil price surge driven by the Middle East conflict will reshape global automobile consumer preferences, he adds. Daiwa upgrades the stock to buy from hold and raises its target price to 27.00 Hong Kong dollars from HK$23.70. Shares last trading at HK$17.80. 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