HSI Starts with a 17-Point Gain; ZIJIN MINING Increases Over 2%; WUXI APPTEC Declines by 3%

The analyst rating for Geely Auto (00175.HK) is based on several positive factors highlighted in the article. The key reasons for the "Outperform" rating include: 1. Strong Sales Growth: Geely logged passenger car sales of approximately 3.0246 million units in 2025, exceeding its original target of 3 million units, with a year-over-year growth of 39%. The company has set an ambitious target for 2026, aiming for a 14% increase in sales to 3.45 million units. 2. Positive Forecasts: The broker raised Geely's net profit forecasts for 2025 and 2026 by 3.2% and 8.9%, respectively, indicating confidence in the company's financial performance. Additionally, a new net profit forecast of RMB24.9 billion for 2027 was introduced. 3. Synergy and Profitability: The integration of Geely's brands (Geely, ZEEKR, and Lynk & Co) is expected to enhance production management and profitability through multi-brand synergy, which is anticipated to release stronger profit elasticity. 4. Upward Product Cycle: The article mentions an upward product cycle, which suggests that Geely is positioned to benefit from improved product offerings and market conditions. These factors collectively support the analyst's decision to maintain an "Outperform" rating and a target price of HKD26 for Geely Auto.