Geely Automobile Holdings’s Stock Price Soars to 18.28 HKD, Marking a Robust 4.34% Increase

Geely Automobile Holdings (175)

18.28 HKD +0.76 (+4.34%) Volume: 124.35M

Geely Automobile Holdings’s stock price soars to 18.28 HKD, marking a remarkable trading session surge of +4.34%, driven by a robust trading volume of 124.35M. With a year-to-date percentage change of +23.35%, Geely’s stock performance continues to impress investors.

Latest developments on Geely Automobile Holdings

Geely Auto has made headlines with its proposal to take electric vehicle startup Zeekr private, just a year after its listing in New York. The Chinese carmaker’s move to delist Zeekr from the US stock exchange comes amid a trade war with the US, signaling a strategic shift in the global automotive market. The bid, valued at $2.2 billion, aims to consolidate Geely’s position in the new energy vehicle sector and streamline its operations. Zeekr shares surged on the news, reflecting investor optimism about the potential benefits of the privatization deal. Geely’s decision to acquire full control of Zeekr underscores its commitment to innovation and growth in the rapidly evolving EV industry.

Geely Automobile Holdings on Smartkarma

Analyst coverage on Geely Auto on Smartkarma provides a range of insights for investors. David Blennerhassett‘s recent report suggests that Geely is trading at a 20% discount to NAV, with shares up significantly over the past month and year. Ming Lu, on the other hand, is more bullish on Geely, highlighting the company’s delivery growth rate compared to competitors like BYD. With Geely’s total revenue and sales volume on the rise, Ming Lu sees a potential 50% upside in the stock.

Overall, the analyst coverage on Geely Auto leans towards the positive side, with expectations of growth in BEV deliveries and promising prospects in the overseas market. While there are differing opinions on the stock, investors can use these research reports to make informed decisions about investing in Geely Auto. Ming Lu’s analysis, in particular, provides a detailed breakdown of the company’s financial performance and potential upside for investors.

A look at Geely Automobile Holdings Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Geely Auto‘s long-term outlook appears promising based on the Smartkarma Smart Scores. With a high score in Growth and Momentum, the company is expected to experience significant expansion and positive market performance in the future. Additionally, Geely Auto demonstrates resilience, indicating its ability to withstand challenges and maintain stability in the face of adversity. While the company’s Value and Dividend scores are not as high as Growth and Momentum, they still indicate a solid foundation for long-term success.

Geely Auto, a passenger vehicles manufacturing company, is positioned well for future growth and success. The company’s strong scores in Growth and Momentum suggest that it is on a positive trajectory for expansion and market performance. With a solid Resilience score, Geely Auto is equipped to weather any challenges that may come its way. While the company’s Value and Dividend scores are not as high, they still indicate a stable foundation for long-term success in the industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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