On August 20, GEELY AUTO rose 3.18% in regular trading, trading at HK$18.46/share, with turnover of HK$117 million. The stock gained momentum as multiple international investment banks issued bullish research reports following the company's interim results.

On the news front, Citi maintained its \"Buy\" rating with a target price of HK$30, forecasting Q3 and Q4 core profits of approximately RMB 6.0 billion and RMB 6.6 billion respectively, implying a forward P/E of roughly 13x. Jefferies raised its target price from HK$28 to HK$32.80 while keeping a Buy rating. Bank of America slightly lifted its target to HK$27.6, and Morgan Stanley maintained its Overweight rating citing accelerating H2 sales growth. CICC maintained an Outperform rating with a HK$30 target.

A key catalyst was management's decision to raise the full-year export target from 640,000 units to 920,000 units, with an ambition to challenge 1 million units. The company's long-term strategic goal is for overseas sales to account for two-thirds of total volume. In H1, export volume reached 474,228 units, surging 158% year-over-year, with new energy exports growing 616%.

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