Geely has great chance to rebound

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Geely (175.HK) has great chance to rebound. It shows strong support at the resistance level of 16.5. The impact of Nancy Pelosi visit to Taiwan is expected to be short-lived in Hong Kong market. We expect the acquisition of Meizu, a popular mobile brand by the parent of Geely will contribute to Geely automobile business. Reiterate with BUY.

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