摩根士丹利：吉利汽车控股：风险回报最新情况

April 14, 2025 11:00 PM GMT Geely Automobile Holdings | Asia Pacific Risk Reward Update What's Changed Updated Components EPS Bull Base Bear Scenarios Risks to Price Target / Rating Risk Reward for Geely Automobile Holdings (0175.HK) has been updated. Reason for change We lower our 2025 earnings estimate by 14% to Rmb17bn to reflect Geely's latest accounting change, where it now excludes the Rmb6.47bn non-operating gain from ZK-Lynk integration; meanwhile, Rmb2-2.3bn FX gain in 1Q25 will partially offset th ...