Zeekr's Lynk & Co Brand Likely to See Improving Profitability in 4Q -- Market Talk

Dow Jones

2024-12-04

0754 GMT - Zeekr Intelligent Technology's Lynk & Co brand's profitability will likely improve sequentially in 4Q, Deustche Bank analyst Bin Wang writes in a note. The company guides that the overall Lynk & Co brand will reach a positive bottom line supported by a higher sales volume and lower impairment losses from the European operation, he adds. The brand suffered a loss in Europe while its domestic operation was profitable in China for 2024. Now that the Lynk & Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 04, 2024 02:54 ET (07:54 GMT)

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The company guides that the overall Lynk &amp; Co brand will reach a positive bottom line supported by a higher sales volume and lower impairment losses from the European operation, he adds. The brand suffered a loss in Europe while its domestic operation was profitable in China for 2024. Now that the Lynk &amp; Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. 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The company guides that the overall Lynk &amp; Co brand will reach a positive bottom line supported by a higher sales volume and lower impairment losses from the European operation, he adds. The brand suffered a loss in Europe while its domestic operation was profitable in China for 2024. Now that the Lynk &amp; Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 04, 2024 02:54 ET (07:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488153308","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488153308","pubTimestamp":1733298840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0754 GMT - Zeekr Intelligent Technology's Lynk & Co brand's profitability will likely improve sequentially in 4Q, Deustche Bank analyst Bin Wang writes in a note. The company guides that the overall Lynk & Co brand will reach a positive bottom line supported by a higher sales volume and lower impairment losses from the European operation, he adds. The brand suffered a loss in Europe while its domestic operation was profitable in China for 2024. Now that the Lynk & Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Zeekr旗下领克品牌第四季度盈利能力可能会提高——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZK":1},"content_text":"0754 GMT - Zeekr Intelligent Technology's Lynk & Co brand's profitability will likely improve sequentially in 4Q, Deustche Bank analyst Bin Wang writes in a note. The company guides that the overall Lynk & Co brand will reach a positive bottom line supported by a higher sales volume and lower impairment losses from the European operation, he adds. The brand suffered a loss in Europe while its domestic operation was profitable in China for 2024. Now that the Lynk & Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 04, 2024 02:54 ET (07:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}