Deutsche Bank: Geely Auto is expected to achieve the revised sales target, maintaining a buy rating and raising the target price
Deutsche Bank research analyst Bin Wang stated that Geely Auto's revenue and net profit in 2025 may exceed previous estimates. After a strong performance in the first half of the year, Geely has raised its full-year sales forecast by 11% to 3 million vehicles. Wang has increased his 2025 revenue and net profit forecasts by 0.4% and 2.4%, respectively. They believe Geely has the capability to achieve its revised annual sales target of 3 million vehicles. The reasons he cited include the launch of new products in the second half of the year, low inventory levels, and the early release of demand in the second half. Deutsche Bank maintains a buy rating and has raised the target price from HKD 22.00 to HKD 23.00