[ET Net News Agency, 26 February 2021] Nomura lifted its target price for Geely
Automobile (00175) to HK$33.6 from HK$19.55 and reiterated its "buy" rating.
The research house said Geely's recent partnerships in electric vehicles (EVs) and
autonomous driving technologies will likely improve its prospects of transformation and
success in the EV era.
Nomura raised its 2021/22 EPS estimates by 8%/16% to reflect 3%/6% sales volume
increases and 0.5pp higher GPM, given the cost-synergy potential and higher volume
contribution of Lynk. (KL)