The Zhitong Finance App learned that CICC released a research report saying that maintaining Chery Auto (09973.HK)'s 2026/2027 profit forecast of 20.2 billion yuan/25.1 billion yuan, maintaining the “outperforming industry” rating and a target price of HK$35, corresponds to 9 times/7 times the 2026/2027 projected price-earnings ratio, with 44% upside compared to the current stock price. The bank is optimistic about the company's overseas expansion trend, and believes that with the launch of the Intelligent World V9, RX and the new R7, Intellect's sales volume is expected to improve significantly in the second half of the year, leading to an improvement in profits.

Zhitongcaijing · 2d ago
The Zhitong Finance App learned that CICC released a research report saying that maintaining Chery Auto (09973.HK)'s 2026/2027 profit forecast of 20.2 billion yuan/25.1 billion yuan, maintaining the “outperforming industry” rating and a target price of HK$35, corresponds to 9 times/7 times the 2026/2027 projected price-earnings ratio, with 44% upside compared to the current stock price. The bank is optimistic about the company's overseas expansion trend, and believes that with the launch of the Intelligent World V9, RX and the new R7, Intellect's sales volume is expected to improve significantly in the second half of the year, leading to an improvement in profits.