|Bid||16.040 x 0|
|Ask||16.040 x 0|
|Day's Range||15.900 - 16.380|
|52 Week Range||10.080 - 24.600|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||10.06|
|Earnings Date||Mar 19, 2019 - Mar 25, 2019|
|Forward Dividend & Yield||0.35 (2.33%)|
|1y Target Est||21.74|
Daniel Li of Geely Automobile Holdings says the "direct impact" of the U.S.-China trade war on the company has not been "huge."
Toliver Ma of Guotai Junan International says the quality and sustainability of Geely Automobile's earnings is "quite assured."
Sentiment toward Chinese equities has been undermined after last week’s Politburo meeting fueled concern the government will dial back economic support measures. Large-scale stimulus helped fuel the world’s biggest stock market rally in China this year, after economic worries plagued the nation’s shares in 2018. The declines in equities came even after People’s Bank of China Deputy Governor Liu Guoqiang said the central bank hasn’t changed its prudent monetary policy stance and has no intention to either tighten or loosen policy.
The big shareholder groups in Geely Automobile Holdings Limited (HKG:175) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders...
April 17 (Reuters) - Geely Automobile Holdings Ltd : * ZHEJIANG GEELY HOLDING GROUP COMPANY LIMITED BUYS 55.03 MILLION SHARES IN GEELY AUTOMOBILE HOLDINGS LTD AT HK$17.62 EACH ON APRIL 12 - HKEX FILING ...
LIUZHOU, China/BEIJING (Reuters) - By many measures, General Motors' China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. The move is aimed at ensuring Baojun has offerings in the 100,000 yuan to 150,000 yuan ($15,000-$22,300) range that holds the most potential for the brand, said Mike Devereux, executive vice president at SGMW, GM's venture with Chinese partners SAIC Motor Corp and Guangxi Automobile Group. By comparison the most expensive model under Baojun's old badge is priced from 85,800 yuan to 117,800 yuan.
Volvo Cars has started producing its XC40 compact crossover SUV in China to bump up capacity and cater for growing demand, the Swedish carmaker said on Friday. As the cost impact of Washington's trade war with Beijing spreads, Volvo has been shuffling manufacturing facilities for its models. The dispute has been squeezing capacity at Volvo's Ghent plant, the only site where the XC40 - the 2018 European Car of the Year - is currently produced.
Geely, China's highest profile car maker with investments in Volvo and Daimler, launched a premium all-electric car brand "Geometry" on Thursday as it pushes ahead with its plans to boost production of new energy vehicles. The move comes as automakers race to develop vehicles powered by means other than petrol to meet an expected rise in demand as the world's top car market enforces official production quotas designed to reduce smog. Geometry will take overseas orders but will mainly focus on the Chinese market and will launch more than 10 pure electric models in multiple segments by 2025, Geely said in a statement on Thursday.
JAC Motors said on Thursday it had not held talks with Volkswagen AG, after Reuters reported that the German auto giant was interested in taking a stake in its Chinese electric vehicle joint venture partner. "The company and Volkswagen have not conducted formal business discussions on the matters mentioned in the news reports nor does it have any plans for an equity acquisition," JAC said in a stock exchange statement. Reuters reported on Wednesday that Volkswagen was exploring the purchase of a large stake in JAC and had hired Goldman Sachs to advise on the plan.
April 8 (Reuters) - Geely Automobile Holdings Ltd: * MARCH TOTAL SALES VOLUME 124,643 UNITS, UP 3 PERCENT Source text for Eikon: Further company coverage:
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! After Geely Automobile Holdings Limited's (HKG:175) earnings announcement on 31 December 2018...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! As Geely Automobile Holdings Limited (HKG:175) announced its earnings release on 31 December 2018...
April 1 (Reuters) - Chengdu Haoneng Technology Co Ltd : * SAYS IT EXPECTS OPERATING REVENUE TO INCREASE BY 468 MILLION YUAN ($69.75 million)AFTER UNIT BECOMES A SUPPLIER OF GEELY AUTOMOBILE PARTS' UNIT ...
"Geely posted healthy unit sales growth in 2018 that led to meaningful gain in its overall market share, as a result of improvements in its product breadth and strength," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer. Geely's unit sales, including those from its 50%-owned Lynk & Co joint venture, grew 20% year-on-year to 1,500,838 units in 2018. Geely's unit sales growth rate in 2018 outperformed the 3% decline registered by China's auto industry over the same period, resulting in a further expansion of its market share, and positioning it as the third largest passenger vehicle brand and the seventh largest auto maker by unit sales in China.
BERLIN (AP) — German automaker Daimler and China's Geely, its largest single shareholder, said Thursday that they are setting up a joint venture to develop and operate Daimler's Smart compact car brand worldwide as an all-electric car.
FRANKFURT/BEIJING (Reuters) - Daimler will build its next generation of Smart electric cars in China through a joint venture with Geely, as a way to increase economies of scale in a market segment that is struggling to turn a profit. China's Geely built a stake of almost 10 percent in Daimler last year, saying it wanted to forge an alliance to develop electric and self-driving cars to better compete against new competitors such as Uber and Google. Daimler said on Thursday it would build the next generation of Smart-branded city cars at a purpose-built factory in China, and planned to share its expertise in manufacturing, engineering and design with Geely.
The German luxury-car maker and Geely, owned by billionaire Li Shufu, will build a new China factory to assemble electric cars and start worldwide sales in 2022, according to a joint statement. Mercedes-Benz designers will style future Smart vehicles and Geely will engineer them.
Both Daimler and Geely declined a Reuters request for comment. Last year, Geely built up an almost 10 percent stake in Daimler in a $9 billion (£6.8 billion) bet by its chairman and became the biggest shareholder in Daimler.
Both Daimler and Geely declined a Reuters request for comment. Last year, Geely built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman and became the biggest shareholder in Daimler.
March 26 (Reuters) - * DAIMLER IS NEARING A DEAL TO SELL A 50 PER CENT STAKE IN ITS SMALL-CAR BRAND TO CHINA'S GEELY - FT, CITING SOURCES Source text: https://on.ft.com/2Wpx0Dj Further company coverage:...