Bernstein analyst Eunice Lee has maintained their bullish stance on GELYF stock, giving a Buy rating today.
Eunice Lee’s rating is based on Geely Automobile Holdings’ impressive financial performance and strategic growth plans. The company reported strong Q4 results with significant revenue and unit delivery growth, driven by robust sales of electric vehicles and new model launches. The increase in gross margin and operating profit highlights improved product mix and profitability, which are key indicators of financial health.
Eunice Lee also notes Geely’s confident outlook for continued growth, supported by a strong product cycle and expansion plans, including the launch of new EV models. The acquisition of Lynk & Co and its consolidation into Geely’s financials further enhances the company’s growth prospects. These factors, combined with an optimistic view on exports and platform synergies, underpin the Buy rating with an increased target price.
Lee covers the Consumer Cyclical sector, focusing on stocks such as BYD Co, Geely Automobile Holdings, and Guangzhou Automobile Group Co. According to TipRanks, Lee has an average return of 21.4% and a 68.63% success rate on recommended stocks.
In another report released today, DBS also maintained a Buy rating on the stock with a HK$19.80 price target.