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Geely Automobile Holdings Limited (GELYF)

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1.50+0.06 (+4.17%)
At close: 3:38PM EDT
  • Closed on the day's high of $1.50 which is a bit of a psychological barrier - -

    Perhaps some profit taking tomorrow - we shall see, but with all that is going on with Geely, this could be the start of a steady upward climb ???
  • Geely just posted their unaudited sales volume in April 2017.
    Total sales volume of the Group for the month of April 2017 was 86,727 units, this is an increase of approximately 94% over the same period last year and about the same level as compared with the month of March 2017.

    During the month of April 2017, the Group's total sales volume in the China market was 86,079 units, this is an increase of around 104% from the same period last year.
  • Geely will acquire about 30 per cent of the privately owned Saxo Bank from the foreign exchange specialist’s co-founder and former chief executive, Lars Christensen, as well as other investors

    May 5 Saxo Bank co-founder Lars Seier Christensen has sold his 25.71 percent stake in the online trading platform provider to Geely International Hong Kong, a subsidiary of Zhejiang Geely Holding Group Co, the unlisted Danish firm said on Friday.

    London Taxis and Forex: Geely Group buys 30% stake in Saxo Bank
    Zhejiang Geely Group is a multi-faceted globally focused Fortune 500 company with revenue of more than USD $26 billion. Its core business assets are in the automotive industry, via Hong Kong listed Geely Automobile Holdings Ltd (HKG:0175). Other than its own China-based auto brands, Geely owns Sweden-based Volvo, which it bought from Ford in 2010, and the London Taxi Company which it acquired in 2012.
    Copenhagen based multi-asset broker Saxo Bank has announced that co-founder Lars Seier Christensen will be fully exiting from his ownership interest in the company, selling his 25.71% stake to Chinese conglomerate Geely Group.
  • Profile no longer shows # of Full-Time Employees ???
  • Check out this good report by FORBES: If Any Chinese Car Company Will Take On The World, It's This One

    Here is the link to the article: https://www.forbes.com/sites/bertelschmitt/2017/04/24/if-any-chinese-car-company-will-take-on-the-world-then-this-one/#7b7446236c1a

    If Any Chinese Car Company Will Take On The World, It's This One
    Seven years after taking over Volvo, Geely is leveraging targeted investments and technology to lead Chinese automakers onto the global stage.
  • May 25th meeting - Directors will authorize purchasing back company stock. They can authorize purchasing back just under 10%.
  • I have now lost all my gains of 2 months and back to nothing gained. Fk this entire waste of time stock market scam. What a pile of junk.
  • Good news apparently has zero effect on this OTC?!?
  • February 28, 2017, 11:12 P.M. ET
    Geely To Make 1.5 Million Cars A Year By 2019: Goldman
    By Shuli Ren

    Is it time to take profit on Geely Auto (175.Hong Kong), whose stock has already soared over 40% this year?
    Not according to Goldman Sachs who suggests holding onto the car maker’s stock because its sales will triple in four years.
  • As of July 2016
    - Geely Bo Yue SUV used as airport guidance vehicle for VIP plane arrival and departure
    - Geely GC9 to be used as police escort vehicle
    18th July 2016, Hangzhou, China. Zhejiang Geely Holding Group (ZGH) has become an official vehicle partner of the G20 Summit with Geely Auto providing the G20 Organizing Committee with 327 Geely Auto vehicles which will be used by key departments such as police, fire service and airport security throughout the G20 period.
  • Goldman Sachs, rates Geely a Buy, shifted its price target for the stock from HKD14.04 to HKD14.36.
    Daiwa kept its price target at HKD13, but now rates the shares a Buy, up from Outperform.
    Geely’s stock looks attractive following a recent correction.
  • 2017-04-07 Geely Automobile Holdings Limited Sales Volume For March 2017 Reached 86,952 Units Sales Volume Up 74% YOY

    2017-03-22 Geely Automobile Holdings Limited Announced Annual Results for the Year Ended 31 Dec 2016 Net Profit Up 125.9% to RMB5.17 Billion
  • Geely brand models currently are priced up to about 150,000 yuan ($22,000). Lynk & Co cars should sell for up to 250,000 yuan

    "It is not easy for Chinese makers to break into this segment in the past," An said. "But now with Lynk & Co in place we want to really go into this segment and compete with foreign brands."

    SAIC, Geely and other rising Chinese automakers such a Great Wall and Chery Automobile Co Ltd have a long way to go to achieve the sales levels of the U.S., European, Japanese and Korean brands in China.

    (2) REASONS
    First - Basically the answer resides in the 2nd paragraph - where we read that Geely is geared-up (pun-intended) with LynK & Co to compete side by side with these other car makers
    Second - Having a long way to go infers that there is a lot of real estate in market penetration, sales levels, and customer appeal to allow a GEELY to snap-up more and more and more market share.........
  • GELYF the stock from hell?? Not so much in my opinion. OK, so it is down at the moment, but look at the stock price over time. This isn't a get rich overnight stock. Remember, buy low, sell high.
  • 4/20/2017

    Another day of HEAVY volume for HONG HONG GEELY (0175.HK)
    PPS I was up 3%

    This should translate to another positive for US GELYF shares.............
  • what is the reason of the decline of price? the first quarter result is ahead of the plan... any body can clarify
  • I agree with Jim. There are current jitters over trade with China, but this baby is going to move again. Here's some support for my belief:

    Trump Has China's Volvo to Thank for Lone New U.S. Car Plant
    After all of President Donald Trump’s bluster about building more cars in the U.S., the one new plant he can count on will come from a once American-owned Swedish brand flourishing under a Chinese parent.
  • Now I'm down on this stock from hell.
  • Just a little blip on the radar, profit taking, and a bit of re-set before the next run-up
    By doing just 30 minutes of reading, it is easyh see Geely is far from a con-job, but rather has a bright, bright future.
    There is so much percolating just under the surface that Geely is poised to become a world-wide household name, with Manufacturing & assembly (new, upgraded, expanded plants) growth at home and abroad. sa
    Geely, Volvo have new luxary car - 11.2.2016
    'Proud' Design from Geely Lynx and Co, Ready Challange Dominant? Thursday, 20 October 2016
    London black cabs to go electric with new Chinese factory in Coventry 27 March 2017
    2018 Geely compact SUV spy shots
    BERLIN -- Geely Automobile’s new global brand, Lynk & CO, will start sales of its first model, an SUV developed with Volvo Cars, in 2018 in Europe and the U.S.
    Geely Cars Price List in Philippines April 2017
    Geely's Lynk brand sets 2018 Europe debut, seeks to redefine car ownership
    Still has relationship with Kandi
    Once you start looking reading all that GEELY has in the oven, it is nearly overwhelming - -
    I know it is hard to be patient and sit tight when a little PPS downturn happens - and the 1 year chart still is VERY impressive.
    Many more good things to come with Geely, IMO - just sit tight and hold your shares.........
  • Shares tanked again on news of 50% more sales. Whats the point of holding when all you do is lose money?