[ET Net News Agency, 17 August 2020] Mizuho Securities lowered its target price for
Geely Automobile Holdings (00175) to HK$21.6 from HK$29.24 and maintained its "buy"
rating.
The research house said Geely announced in February that it is in preliminary talks with
Volvo Car AB regarding a possible restructuring through a merger of the two companies.
Mizuho thinks the merger would certainly enable Geely to quickly gain a foothold in the
luxury PVs and global markets.
More importantly, a full consolidation would likely lead to synergies in the cost
structure and new technology development through closer collaboration, particularly amid
the trends of electrification, artificial intelligence, connectivity, etc., within the
auto industry. Mizuho expects a re-rating following the merger. (KL)
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00175 GEELY AUTO
Nominal 
9.390 +0.190 (+2.065%) Research Report
17/08/2020 10:56
Mizuho Securities lowers Geely Automobile (00175) to HK$21.6
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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