Daiwa Securities upgraded Geely Auto (00175.HK) to Buy from Hold and raised its target price to HKD27 from HKD23.7. The broker cites brand up‑marketing and overseas expansion as drivers of earnings. Daiwa lifted its 2026–28 sales forecast by 1.2%, attributing the revision to overseas expansion and strong order momentum for the Zeekr 9X. It also raised 2026–28 average selling price forecasts by 5–6% and lifted gross margin assumptions by 0.3ppt. Overall, Daiwa increased its 2026–28 revenue foreca

2026-06-24

Daiwa Securities upgraded Geely Auto (00175.HK) to Buy from Hold and raised its target price to HKD27 from HKD23.7. The broker cites brand up‑marketing and overseas expansion as drivers of earnings. Daiwa lifted its 2026–28 sales forecast by 1.2%, attributing the revision to overseas expansion and strong order momentum for the Zeekr 9X. It also raised 2026–28 average selling price forecasts by 5–6% and lifted gross margin assumptions by 0.3ppt. Overall, Daiwa increased its 2026–28 revenue forecasts by 6–8% and net profit forecasts by 12–16%.

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The Times of Israel reported Israel's ambassador to the US sharply criticized the Trump administration for agreeing to fold Iran into a Washington memorandum on Lebanon ceasefire talks signed last week, calling it a "disaster." He is leading the fifth round of direct Israel-Lebanon negotiations at the State Department. He said when Israel and Lebanon began direct talks "we all boarded the same train," with the US as the locomotive aiming for comprehensive peace, the removal of Iranian influence