2017-10-10 10:13:00.0
[ET Net News Agency, 10 October 2017] UOB Kay Hian raised its target price for Geely
Automobile (00175) to HK$31 from HK$22 on higher 2018 EPS, and maintained its "buy"
rating.
The research house raised its 2017-19 net profit forecasts by 6%, 21% and 29% to
Rmb9.96bn, Rmb15.19bn and Rmb19.43bn, which imply yoy core net profit growth of 122%, 52%
and 28%, based on: (1) prospective stronger market response to Lynk & Co, (b) stronger
new-product pipelines, and (c) higher margins given better sales mix.
UOBKH expects Lynk & Co to penetrate the mid-range segment with full support from Volvo.
(KL)
Quelle: www.htisec.com/en/research/...sType=ETNET&newsid=271010134