<ET Net News Agency, 16 November 2012> Daiwa Research raised its target price for Geely Automobile (00175) to HK$3.95 from HK$3.3, and maintained its "outperform" rating.
With sales volume for 10-month rising by 13% YoY, the research house raised its 2012-14 sales volume by 3.3%/2.3%/1.5%, to reflect the better sales outlook.
Daiwa forecast Geely's total and export sales to reach 567,279 units and 157,133 units for 2013, up 19% and 55% YoY.
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