0504 GMT - Geely's 2025 core earnings outlook remains strong, DBS Group Research analysts write in a note. The Chinese automaker is DBS's top pick in the sector, thanks to its large economies of scale and a better product mix, they say. The planned merger of its two sub-brands Zeekr and Lynk&Co could further enhance its long-term fundamentals, they add. Geely's strong new model pipeline and super hybrid platform will further drive sales next year, they say. DBS maintains a buy rating on the stock and raises the target price to HK$19.80 from HK$16.20. Shares last at HK$15.50. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
December 18, 2024 00:04 ET (05:04 GMT)
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