Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up15.260 +0.080 (+0.527%)
Research Report

09/07/2020 17:25

{I-bank focus}Jefferies lifts Geely Auto (00175) to HK$22.6

[ET Net News Agency, 9 July 2020] Jefferies Research lifted its target price for Geely
Automobile Holdings (00175) to HK$22.6 from HK$14.5 and reiterated its "buy" rating.
The research house modeled for Geely to report revenue/earnings of Rmb38.9bn/Rmb3.2bn
for 1H, a decline of 18%/21% with 1Q as the bottom. Jefferies raised its FY2021/22
earnings forecasts by 3.5%/3.5% for +42%/2% on operating leverage.
It said that Geely completed a placement of 600mn shares with price of HK$10.8 for gross
proceeds of HK$6.48bn (US$840mn) on 5 June. Geely also announced a preliminary proposal
for RMB share issuance of no more than 1.7bn shares on Sci-Tech Board. Given the current
listing reform, potential A-STAR listing should be completed before 2020, positive for
business development, market sentiment (strong A-share subscription) and valuation. (KL)

Remark: Real time quote last updated: 28/09/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.