Beefing up NEV strategy to drive growth
- Mid-priced NEV brand Galaxy a volume driver; encouraging sales since launch in Jun-23
- Enriching NEV portfolio; targets to achieve 66% increase in NEV sales in FY24
- Cut FY23/24F net earnings by 8%/14%, respectively to factor in challenging macro environment
- Maintain BUY; TP rolled over to FY24 net earnings and pegged to 15x PE