DBS: Maintains a "buy" rating on Geely Auto, with a target price raised to HKD 11.7.

DBS released a research report stating that it maintains a "Buy" rating on Geely Auto (00175) due to its strong delivery volume and car pipeline in the first half of this year. It has raised its earnings forecast for the 2024 and 2025 fiscal years by 2% and 3% respectively, and raised its target price to HKD 11.7. If the company achieves its market-expected target of delivering 2 million vehicles for the entire year and has confidence in its overseas business, it will increase its sales target from 0.3 million vehicles to 0.38 million vehicles. The bank pointed out that Geely and its Lynk & Co brand's strong models are crucial for increasing sales in the second half of this year and in 2025. Gross margin is expected to improve for several consecutive quarters in the future.

新浪港股04:26 ET

Geely Plans to Introduce Zeekr EV Brand in Korea by Early 2026

BNN Bloomberg01:34 ET

Counterpoint: Pure electric car sales will surpass 10 million vehicles in 2024, and the growth of hybrid cars will exceed pure electric cars.

China remains the dominant force in the pure electric auto market, with pure electric auto sales expected to be four times that of North America by 2024.

Zhitong Finance20:51 ET

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan

Benzinga13:35 ET

Express News | ZEEKR Shares Are Trading Higher After the Company on Monday Reported June Deliveries of 20,106, up 89% Year Over Year

BenzingaJul 3 11:33 ET

Zeekr Poised for Stronger 2Q Gross Profit Margin -- Market Talk

0328 GMT - Zeekr Intelligent Technology likely improved its gross profit margin in 2Q, thanks to better economies of scale driven by record sales volume, Deutsche Bank analyst Bin Wang writes in a not

WSJJul 2 23:28 ET