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<Research>JPM Expects GEELY AUTO (00175.HK) Zeekr Privatization to Help Improve Synergies/ Cost Competitiveness w/ TP $23/ Rating Overweight
Recommend 13 Positive 29 Negative 19 |
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GEELY AUTO (00175.HK) announced yesterday that it plans to privatize Zeekr (ZK.US), a move consistent with the Group's overall strategy to improve business synergies and cost competitiveness across the Geely, Zeekr and Lynk & Co brands, according to JPMorgan's research report. Furthermore, the Group also released a positive profit alert earlier estimating 1Q25 profit to be about RMB5.5 billion, including a foreign exchange gain of nearly RMB2 billion on RMB depreciation. Therefore, the broker now rated GEELY AUTO at Overweight, with a target price of $23. AAStocks Financial News |
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