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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Geely Automobile Holdings Limited    175   KYG3777B1032

GEELY AUTOMOBILE HOLDINGS LIMITED

(175)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 07/09
16.94 HKD   -0.35%
07/06GEELY AUTOMOBILE : June Vehicle Sales Rose Sharply
DJ
07/03Daimler seeks to sell French factory in production overhaul
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07/03Daimler seeks to sell French factory in production overhaul
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

China drops out of top three foreign investors in Germany

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05/19/2020 | 06:16pm EDT
FILE PHOTO: Containers of Chinese companies China Shipping and COSCO (China Ocean Shipping Company) are loaded on a container as it is leaving the port in Hamburg

By Rene Wagner

China last year dropped out of the top three foreign investors in Germany for the first time in more than a decade, official German data seen by Reuters showed on Wednesday, as the Chinese government focuses on boosting the domestic economy.

Figures compiled by Germany Trade & Invest (GTAI), a government institution, reveal that China is now the fourth largest contributor of foreign direct investment to Germany, behind the United States, Britain and Switzerland.

GTAI managing director Robert Hermann linked the drop to an economic strategy promoted by the Chinese government that focuses on stimulating the domestic economy with investments in infrastructure as well as in research and development.

"The Chinese government regulates capital exports," Hermann said. "It's increasingly focused on boosting investments domestically."

The data showed that the United States remains the largest investor in Germany with 302 projects last year, followed by Britain with 185 and Switzerland with 184.

China, which was the third-largest investor in Germany in 2018, dropped to fourth place for the first time since 2009, when GTAI started compiling the data.

Britain rose from fourth place to become the second-largest foreign investor in Germany as companies alarmed that Brexit will hamper access to the European Union's single market set up affiliates in Europe's largest economy.

The data showed that 1,851 foreign companies moved to Germany last year, 10% less than a year earlier. But the number of jobs they planned to create almost doubled to 42,000.

Foreign car and battery makers are driving the job boom created by foreign direct investment, Hermann said.

U.S. electric car maker Tesla plans to build its European factory outside Berlin, Chinese carmaker Geely wants to set up an innovation centre south of Frankfurt, and Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is planning a factory in eastern Germany.

GTAI expect foreign investments to fall this year as the coronavirus pandemic sinks the world economy into a recession.

(Writing by Joseph Nasr; Editing by Maria Sheahan)

Stocks mentioned in the article
ChangeLast1st jan.
ACCESS CO., LTD. -2.79% 940 End-of-day quote.-1.57%
BMW AG -1.00% 57.44 Delayed Quote.-20.67%
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 3.77% 205.02 End-of-day quote.92.69%
EURO / BRITISH POUND (EUR/GBP) -0.38% 0.89548 Delayed Quote.6.33%
GEELY AUTOMOBILE HOLDINGS LIMITED -0.35% 16.94 End-of-day quote.11.15%
TESLA, INC. 2.08% 1394.28 Delayed Quote.226.51%
THE EASTERN COMPANY -1.60% 16.64 Delayed Quote.-44.61%
WORLD CO., LTD. -3.41% 1501 End-of-day quote.-44.22%
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Financials
Sales 2020 93 350 M 13 347 M 13 347 M
Net income 2020 8 066 M 1 153 M 1 153 M
Net cash 2020 17 960 M 2 568 M 2 568 M
P/E ratio 2020 19,7x
Yield 2020 1,24%
Capitalization 166 B 21 449 M 23 767 M
EV / Sales 2019
EV / Sales 2020 1,59x
Nbr of Employees 43 000
Free-Float 58,5%
Chart GEELY AUTOMOBILE HOLDINGS LIMITED
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Technical analysis trends GEELY AUTOMOBILE HOLDINGS
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 14,22 CNY
Last Close Price 16,94 CNY
Spread / Highest target 61,4%
Spread / Average Target -16,1%
Spread / Lowest Target -57,4%
EPS Revisions
Managers
NameTitle
Sheng Yue Gui Chief Executive Officer & Executive Director
Wen Ze Xu President
Shu Fu Li Chairman
Siu Lun Ang Executive Director
Jian Yang Vice Chairman
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