A Chinese broker note discusses the recent rally in Hong Kong-listed automakers, attributing it to foreign buying and arguing that domestic investors lack pricing power. The note downplays the impact of the EU trade situation and the export tax rebate cut, and suggests that overseas production can mitigate tariffs.
The broker believes the pessimism on Chinese automakers is overdone and sees a partial recovery, with Geely as a prime example.
Free preview — more China A-share & HK research · About Us · Legal & Privacy