中銀國際看吉利27

這個應該是成條街最高的吧，還是之一？

Geely Automobile 
Lynk & Co ready to go
Geely announced its 1H17 earnings results with net profit surging 127.7% YoY to RMB4.3bn, vs. the over 100% YoY growth disclosed in its profit alert in July. If excluding one-off items like FX gains, Geely’s net profit would have grown 136% YoY. Thanks to robust sales growth (89.3% YoY) and product mix improvement which led to ASP hike (c.15% YoY), Geely’s total revenue jumped 117.9% YoY to RMB39.4bn in 1H17. Meanwhile, gross margin further widened 1.4ppts YoY and 0.5ppts HoH to 19.2%. Looking ahead, with a total of 8 all-new models to be launched in 2H17 and 2018, Geely will usher in another big year for its product line. As a new brand and new driver, Lynk & Co, will allow Geely to tap the more profitable mass-market market which is now dominated by global JV brands. We revise up 2018-19E earnings by 15-25% after taking into account earnings contributions from Lynk & Co JV. Accordingly, we raise our TP to HK$27.00 (based on 15x 2018E P/E) and reaffirm BUY.

BOCI's previous target price is 23.