GELYY - Geely Automobile Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
42.73
+1.06 (+2.54%)
At close: 3:51PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close41.67
Open42.20
Bid0.00 x 0
Ask0.00 x 0
Day's Range42.20 - 43.67
52 Week Range25.77 - 43.67
Volume26,193
Avg. Volume21,288
Market Cap21.448B
Beta (5Y Monthly)1.07
PE Ratio (TTM)9.98
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.65 (1.51%)
Ex-Dividend DateMay 27, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Reuters

    China eases green rules for petrol-electric hybrids, giving makers space to manoeuvre

    China re-classified petrol-electric hybrid vehicles on Monday so they get more favourable treatment than all-petrol or diesel counterparts under new clean car rules, making it easier for automakers to meet environment quotas and offer more choice. China has some of the world's strictest rules regarding the production of fossil-fuel vehicles, as it battles unhealthy levels of air pollution in its crowded cities. Plug-in hybrid technology differs from that of petrol-electric hybrid vehicles.

  • China's Geely to take over debt-laden automaker Lifan as virus stokes shake-up: sources
    Reuters

    China's Geely to take over debt-laden automaker Lifan as virus stokes shake-up: sources

    Volvo owner Geely is set to take over an automaker battered by a prolonged sales decline exacerbated by the impact of the novel coronavirus, said three people with knowledge of the matter, in an indication of how the pandemic is stoking consolidation. Zhejiang Geely Holding Group Co Ltd plans to become the top shareholder of Chongqing Lifan Holdings Ltd and inject fresh capital into China's one-time leading motorcycle maker, said two of the people, who declined to be identified as the matter was private. Lifan did not respond to requests for comment.

  • Geely Automobile steps toward mainland China listing; HK shares surge
    Reuters

    Geely Automobile steps toward mainland China listing; HK shares surge

    Geely Automobile Holdings Ltd said its board has approved a preliminary proposal to list new renminbi shares on mainland China's Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday. The Zhejiang-based automaker is currently listed on the Hong Kong Stock Exchange with a market capitalisation that exceeded HK$120 billion ($15.48 billion) in morning trade. Geely Automobile and sister company Volvo Cars, which parent Zhejiang Geely Holding Group Co Ltd bought from Ford Motor Co in 2010, are planning to merge and list in Hong Kong and possibly Stockholm - as well as on the mainland, if Geely Automobile's latest proposal receives final approval.

  • Moody's

    Geely Automobile Holdings Limited -- Moody's confirms Geely's Baa3 ratings; changes outlook to stable

    Moody's Investors Service has confirmed the Baa3 issuer and senior unsecured ratings of Geely Automobile Holdings Limited. The outlook on all ratings has been changed to stable from ratings under review. "The ratings confirmation continues to factor in Geely's solid business profile and growing market share, as a result of its improving product breadth and strength," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer.

  • Polestar to open 20 showrooms in China to compete with Tesla
    Reuters

    Polestar to open 20 showrooms in China to compete with Tesla

    Polestar, the premium electric vehicle maker owned by China's Geely [GEELY.UL], plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's <TSLA.O> locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.

  • Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease
    Reuters

    Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease

    Volvo Cars, owned by China's Geely Holding [GEELY.UL], said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets. While still down 25.5% in May from a year earlier, the Swedish car maker sold 44,380 cars in the month compared to the 31,760 sold in April, helped by improving showroom traffic trends in Europe, a quicker than expected recovery in the United States, and strong growth in China. Volvo said China sales grew 21.8% in May, while U.S sales inched down 2.5% year-on-year but bounced back strongly from April as states started to ease restrictions in place due to the pandemic.

  • Geely's Polestar to open 20 showrooms in China to compete with Tesla
    Reuters

    Geely's Polestar to open 20 showrooms in China to compete with Tesla

    Polestar, the premium electric vehicle maker owned by China's Geely, plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.

  • Geely's Polestar plans China showroom expansion to compete with Tesla: sources
    Reuters

    Geely's Polestar plans China showroom expansion to compete with Tesla: sources

    Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's <TSLA.O> locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.

  • China's Geely raises $836 million from share sale
    Reuters

    China's Geely raises $836 million from share sale

    Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world's largest auto market. Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release. Its share placement comes after China's economy suffered a 6.8% contraction in the first quarter, as the country reeled from an epidemic that started in the central city of Wuhan.

  • Reuters

    RPT-In China's auto market, worries grow that cashback deals and gifts presage damaging price war

    HANGZHOU, China/SHANGHAI, May 25 (Reuters) - Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown. Cui Peng, a Geely sales manager in the eastern city of Hangzhou, says unit sales at his dealership jumped 30% in April from March and they are hoping for 25% growth in May.

  • Reuters

    In China's auto market, worries grow that cashback deals and gifts presage damaging price war

    HANGZHOU, China/SHANGHAI, May 25 (Reuters) - Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown. Cui Peng, a Geely sales manager in the eastern city of Hangzhou, says unit sales at his dealership jumped 30% in April from March and they are hoping for 25% growth in May.

  • Is It Smart To Buy Geely Automobile Holdings Limited (HKG:175) Before It Goes Ex-Dividend?
    Simply Wall St.

    Is It Smart To Buy Geely Automobile Holdings Limited (HKG:175) Before It Goes Ex-Dividend?

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • China's Geely to explore deeper cooperation with Daimler: chairman
    Reuters

    China's Geely to explore deeper cooperation with Daimler: chairman

    China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG <DAIGn.DE>, its Chairman Li Shufu said on Friday. Geely built a 9.69% stake in Stuttgart-based Daimler in 2018. Geely would also "launch several new products and services to our markets around the world" this year, Li said in a statement to Reuters.

  • An easing of coronavirus prevention measures helps China's auto plants rev up
    Reuters

    An easing of coronavirus prevention measures helps China's auto plants rev up

    YUYAO, China/SHANGHAI (Reuters) - In the eastern Chinese city of Yuyao, a group of five face-masked workers at a Geely [GEELY.UL] auto plant, stood almost shoulder to shoulder behind an SUV as they conducted paint and other quality checks. China's daily new coronavirus cases have recently dropped to single digits. The most significant rule to be relaxed - in line with an easing of guidelines by local governments - has been the requirement that production line workers stand at least 1 metre apart.

  • Who Has Been Buying Geely Automobile Holdings Limited (HKG:175) Shares?
    Simply Wall St.

    Who Has Been Buying Geely Automobile Holdings Limited (HKG:175) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • China's Geely reports 2% rise in April sales as market rebounds
    Reuters

    China's Geely reports 2% rise in April sales as market rebounds

    China's Geely Automobile Holdings Ltd said on Wednesday that it sold 105,468 vehicles in April, 2% higher than the same period last year, as world's biggest auto market recovers from the coronavirus. As global auto industry hit hard by the coronavirus epidemic, China has become one ray of hope for automakers including Volkswagen and General Motors. Geely said in March that 2020 may be one of its toughest years yet, as pressure stemming from the coronavirus outbreak on production and sales persists, but it planned to go ahead with global expansion.

  • Bloomberg

    Don't Let This Billion Dollar Bailout Fool You

    (Bloomberg Opinion) -- China’s stimulus for the auto industry has been all over the map. Measures that help some players wind up setting back priorities for others. But one thing is clear: The billions of yuan that vaulted China to become the world’s largest car market aren’t there. Don’t be fooled by the numbers you see in coming months.All told, China’s aid package adds up to around 8 billion yuan ($1.13 billion), according to Goldman Sachs Group Inc. That’s a far cry from the 25 billion yuan to 30 billion yuan spent just on electric vehicle incentives last year, or the 100-billion-yuan-plus laid out in the 2015 to 2017 stimulus cycle. There’s a bigger problem than fiscal constraints, though. Beijing’s policies will do little to boost consumer demand and only add volume — exactly what a market awash in supply doesn’t need. Big discretionary spending items like cars are unlikely to top post-coronavirus shopping lists, even if people are initially wary of public transportation.In recent weeks, policymakers have laid out a slew of measures to boost sales, which were slumping even before Covid-19. Subsidies that were supposed to end this year have been extended to 2022. The government is incentivizing auto companies in several provinces to meet targets and high growth rates, and urging them to offer sweeteners for bulk purchases. In other cities, like Hangzhou, restrictions on license plates — aimed at curbing excessive sales — are being loosened and quotas expanded. Yet all this easing of limits on conventional cars has come at the cost of the drive toward greener ones. Electric-vehicle specific policies have been lackluster.The latest program looks a lot like the U.S.'s cash for clunkers experiment of 2009. In places like Tianjin and Hebei, the central government is turning to vouchers and coupons instead of the usual subsidies. In Beijing, for instance, car owners can get 7,000 yuan this year, and a little less next year, for scrapping older, higher emission models or transferring them out of the city. Local officials are also urging automakers to match or exceed government offers for shoppers who then go and buy new vehicles. In theory, this program cleans out old stock, encourages sales and makes people feel like they can start spending again. In the U.S., this ultimately backfired because it shifted demand to cheaper cars and reduced spending.Most of the perks laid out, if they stick, will result in soaring sales and a steep recovery. (Electric car sales, meanwhile, will remain subdued.) Local brands like Geely Automobile Holdings Ltd., SAIC Motor Corp., Guangzhou Automobile Group Co. and BYD Co. will likely post figures closer to those before the viral outbreak. But things will look good for all the wrong reasons.For clues about the health of China’s auto market, investors may be better served looking elsewhere. Dealership traffic and sales of foreign, especially luxury, carmakers that stayed ahead of the broader market will be a clearer indication of demand. While 98.8% of dealers have re-opened and are aggressively luring consumers, showroom traffic is still around 66%. The SAIC-General Motors Corp.-Wuling venture for instance, is subsidizing buyers with a targeted total amount of 1 billion yuan, according to CLSA Ltd. Last month, they launched a no-questions-asked return policy within 30 days for their newly launched Baojun series.Another area to watch is premium car sales and pricing. Big luxury automakers haven’t been major beneficiaries partly because some of the perks are focused on lower-tier cities, where there are more joint ventures with foreign players that haven’t done so well. No one’s scrapping a Beemer anytime soon.Since many of the incentives are coming from local governments, it will also be important to assess sales on a city-by-city or regional basis. Shanghai and Hangzhou are saturated markets – their ability to significantly boost purchases by loosening restrictions is much lower than areas in central and western China, where numbers may start rising a lot faster.The other lever Beijing will lean on is household credit. While China relies less on auto financing than other countries, the sector is still growing quickly. The market for auto asset-backed securities, backed by pools of car loans, is also booming, so performance here will be key. Prepayments will be another tell-tale sign; who is paying and who isn't. Already, delinquency rates for some buyers are rising faster than others.In the bust, boost and boom cycle of China’s car market, there will be more losers than winners — the glossy stimulus headlines won’t help you find them. It’ll take a bit more digging.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Veoneer and Volvo Cars to split Zenuity software joint venture

    Geely-owned Volvo Cars and auto tech supplier Veoneer will split their jointly owned software venture Zenuity as the Swedish carmaker focuses on developing autonomous driving software, the companies said on Thursday. Volvo and Veoneer said last year they were conducting a strategic review of Zenuity, which develops software for advanced driver assistance systems (ADAS) and autonomous driving, in part due to a wider introduction of self-driving cars being pushed further into the future. Under the new agreement, Veoneer will integrate the current Zenuity business focused on ADAS software, while Volvo Cars will set up a new stand-alone company to take over Zenuity's development and commercialisation of unsupervised autonomous drive software.

  • New models, new markets: Lotus plans major expansion in the 2020s
    Autoblog

    New models, new markets: Lotus plans major expansion in the 2020s

    Lotus was so quiet during the 2010s that some enthusiasts wonder if it still exists. Its renaissance starts with the Evija, an electric hypercar packing a 2,000-horsepower punch that Matt Windle, the company's engineering boss, called a trailblazer.

  • Coronavirus sees China's Geely Automobile facing one of toughest years
    Reuters

    Coronavirus sees China's Geely Automobile facing one of toughest years

    China's Geely Automobile Holdings Ltd said on Monday 2020 may be one of its toughest years yet, as pressure stemming from the coronavirus outbreak on production and sales persists. It is maintaining a sales target of 1.41 million cars in 2020.

  • Geely's Volvo Cars warns virus outbreak to hit 2020 earnings
    Reuters

    Geely's Volvo Cars warns virus outbreak to hit 2020 earnings

    Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business. The Gothenburg-based carmaker, which Geely acquired from Ford Motor Co <F.N> in 2010, had said only last month it expected to grow sales and profit this year, but that was before the coronavirus spread rapidly through Europe and North America. "The weakening market and production disruptions will impact the first half year results negatively as sales, profit and cash flow are expected to be lower than last year's and it will be challenging to recover the impact during the remainder of the year," it said in a statement.

  • Moody's

    BAIC Inalfa HK Investment Co., Limited -- Moody's reviews ratings of five Korean and Chinese automakers for downgrade

    Moody's Investors Service has placed the ratings of five automakers in Korea and China on review for downgrade. The five companies are Hyundai Motor Company, Kia Motors Corporation, Dongfeng Motor Group Company Limited, Beijing Automotive Group Co., Ltd. and Geely Automobile Holdings Limited. At the same time, Moody's has placed on review for downgrade the ratings on the bonds issued by Dongfeng Motor (Hong Kong) Intl Co., Ltd. and BAIC Inalfa HK Investment Co., Limited, which are guaranteed by Dongfeng Motor Group Company Limited and Beijing Automotive Group Co., Ltd., respectively.

  • Reuters

    Volvo cars to temporarily close plants in U.S. and Sweden

    Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and Belgium, to curb the spread of the coronavirus, it said on Friday, even as it resumes manufacturing in China where the infection rate has slowed. Volvo's Swedish factories in Torslanda, Skovde, Olofstrom, and its U.S. plant in South Carolina will close between March 26 and April 14, the company said. Its plant in Ghent, Belgium has already been temporarily shut down.

  • Geely plans to launch hundreds of satellites to guide autonomous cars
    Autoblog

    Geely plans to launch hundreds of satellites to guide autonomous cars

    China's Zhejiang Geely Holding Group said on Tuesday it was investing 2.27 billion yuan ($326 million) in a new satellite manufacturing plant, where it plans to build low-orbit satellites to provide more accurate data for self-driving cars. It aims to produce 500 satellites a year by around 2025, with around 300 highly-skilled staff, it said in a statement. Geely's technology development arm, Geely Technology Group, launched Geespace to research, launch, and operate low-orbit satellites in 2018.

  • China's Geely invests $326 million to build satellites for autonomous cars
    Reuters

    China's Geely invests $326 million to build satellites for autonomous cars

    China's Zhejiang Geely Holding Group said on Tuesday it was investing 2.27 billion yuan ($326 million) in a new satellite manufacturing plant, where it plans to build low-orbit satellites to provide more accurate data for self-driving cars. Geely, one of China's most internationally-known companies due to its investments in Daimler, Volvo and Proton, is building the facilities in Taizhou, where it has car plants. It aims to produce 500 satellites a year by around 2025, with around 300 highly-skilled staff, it said in a statement.