[ET Net News Agency, 7 May 2019] Goldman Sachs lowered its target price for Geely
Automobile (00175) to HK$11.65 from HK$11.92 and maintained its "buy" rating.
Geely reiterated its 1.5mn sales target for 2019 (versus 1.5mn in 2018). The company
highlighted the strength of hybrid models as these cars marry the benefits of fuel economy
+ driving experience with reasonable battery cost.
The research house lowered its 2019-2021 EPS for Geely by 2% on average to reflect the
industry's incremental pricing pressure and growing inventory. (KL)