Geely Automobile Holdings’s stock price surges to 18.24 HKD, marking a robust 1.45% increase: A promising investment opportunity

Geely Automobile Holdings (175)

18.24 HKD +0.26 (+1.45%) Volume: 146.35M

Geely Automobile Holdings’s stock price stands strong at 18.24 HKD, showcasing a positive trading session with a rise of +1.45%, backed by a substantial trading volume of 146.35M. This robust performance is further reflected in its impressive YTD increase of +23.08%, reinforcing Geely’s market resilience and growth potential.

Latest developments on Geely Automobile Holdings

Geely Auto‘s stock price surged today following the company’s impressive financial growth in 2024. With a reported profit of RMB16.63 billion, triple the previous year’s net profit, Geely’s strong sales and record exports have propelled its success. The announcement of a final dividend for 2024 further boosted investor confidence, leading to a 2.1x increase in net profit and a lift in dividend per share to HKD33 cents. Additionally, Geely’s expansion plans, including entering the Australian and South African markets, have generated excitement among investors and analysts alike. With its earnings beating estimates and shares crossing above the 50-day moving average, Geely Auto continues to make significant strides in the automotive industry.

Geely Automobile Holdings on Smartkarma

Analysts on Smartkarma have been closely following Geely Auto, with Ming Lu providing insights on the company’s performance. In a recent report titled “Geely (175 HK): Deliveries Up by 32% in 2024 – BEV Supporting 2H24,” Ming Lu highlighted that Geely’s sales volume grew by 32% in 2024, with a growth target of 25% set for 2025. The report also mentioned the booming performance of BEV in the second half of 2024 and the promising outlook for Geely in the overseas market.

Another report by Ming Lu, “Geely (175 HK): 3Q24, Revenue up by 20% and Operating Profit up by 129% (2nd Largest in China),” discussed Geely’s impressive growth in revenue and deliveries during the third quarter of 2024. The operating margin also saw improvement, leading to an upside potential of 58% with a price target of HK$22 by the end of 2025. These reports indicate a positive sentiment towards Geely Auto‘s performance and future prospects among independent analysts on Smartkarma.

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 momentum, the company is showing strong growth potential and market performance. Additionally, Geely Auto‘s resilience score indicates a solid ability to withstand economic challenges, providing stability for investors.

Although Geely Auto has room for improvement in areas such as value and dividend, its overall outlook remains positive with a balanced score in growth. As a passenger vehicles manufacturing company with a focus on development and sales, Geely Auto continues to expand its presence in the market and export its vehicles, positioning itself for long-term success.

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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