Geely surges to 5-month peak; Citi lifts price on outlook optimism

Shares of Geely Automobile 0175.HK surge 8.4% to HK$19.88, their highest point since October 21

Stock on track for the biggest one-day pct rise since October 2024, if gains hold

Co the second biggest pct gainer in benchmark Hang Seng Index .HIS, which slips 0.6%

Geely says its sales volume up 39% y/y in 2025, revenue up 25%

Co targeting 640,000 overseas car sales in 2026, 50% more than last year

Citi, with "buy" rating, raises PT to HK$26 from HK$25, expecting Geely's retail sales to rise 20%-30% m/m in March and April, given order recovery on sales seasonality, among others

Morningstar says Geely shares are undervalued

"Geely remains our top pick in China's auto sector, given further growth upside from two electric vehicle brands, Zeekr and Galaxy, and potential opportunities in export markets" - Morningstar

YTD, Geely stock up 9.6%