Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Geely Automobile Holdings Ltd    0175   KYG3777B1032

GEELY AUTOMOBILE HOLDINGS LTD

(0175)
  Report  
End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 04/18
18.12 HKD   -3.72%
04/17ASIA MARKETS: Asian Markets Quiet, Shrugging Off Geopolitical News
DJ
04/12GEELY AUTOMOBILE : Next Day Disclosure Return
PU
04/11GEELY AUTOMOBILE : China's JAC says it has not held talks with Volkswagen
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

China's Geely says it has not sold Daimler shares, denies Bloomberg report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 05:00am EDT
FILE PHOTO: Geely automobile maker logo at the IEEV New Energy Vehicles Exhibition in Beijing

BEIJING/SHANGHAI (Reuters) - China's Geely Group said it has not sold any shares in Daimler, denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half.

"As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged," a Hangzhou-based spokesman for Geely told Reuters on Friday.

Bloomberg reported that Chinese billionaire Li Shufu's Geely had sold a 5.4 percent stake, citing people familiar with the matter, but that the new owners of the shares were not known.

The report comes as Morgan Stanley disclosed in a filing on Thursday that it had increased its Daimler stake to 5.39 percent from 0.34 percent on Jan. 4. According to Bloomberg, Morgan Stanley is holding the shares on behalf of others.

Daimler and Morgan Stanley declined to comment on the Bloomberg report.

Li had picked up the 9.7 percent stake in Daimler in 2018, asking the maker of Mercedes-Benz cars to strike up an alliance to better counter the threat from upstart mobility companies.

His move rekindled German fears about high-tech know-how falling into Chinese hands and Daimler had initially balked at the prospect of an alliance, partly on fears it might alienate Mercedes' existing Chinese partner BAIC.

But the companies have remained in talks about areas of potential cooperation and in October announced they would set up a ride-hailing joint venture in China.

(Reporting by Yilei Sun in Beijing, Brenda Goh in Shanghai, Edward Taylor and Arno Schuetze in Frankfurt; Additional Reporting by Ishita Chigilli Palli in Bengaluru; Editing by Himani Sarkar)

Stocks mentioned in the article
ChangeLast1st jan.
BAIC MOTOR CORP LTD -1.26% 6.27 End-of-day quote.50.00%
DAIMLER AG 0.20% 59.49 Delayed Quote.29.19%
GEELY AUTOMOBILE HOLDINGS LTD -3.72% 18.12 End-of-day quote.32.84%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GEELY AUTOMOBILE HOLDINGS
04/17ASIA MARKETS: Asian Markets Quiet, Shrugging Off Geopolitical News
DJ
04/12GEELY AUTOMOBILE : Next Day Disclosure Return
PU
04/11GEELY AUTOMOBILE : China's JAC says it has not held talks with Volkswagen
RE
04/08GEELY AUTOMOBILE : Unaudited sales volume in march 2019
PU
04/08GEELY AUTOMOBILE : Sales Volume For March 2019 Was 124,643 Units Sales Volume Up..
PU
03/31GEELY AUTOMOBILE : Monthly Return for the month ended 31/3/2019
PU
03/28GLOBAL MARKETS LIVE : EssilorLuxottica, Bayer, Boeing, Facebook...
03/28Daimler to develop Smart brand together with Geely
RE
03/28DAIMLER : Geely Deepen Bond With Electric City-Car Venture
DJ
03/28DAIMLER : Correction to Daimler, Geely Joint Venture Article
DJ
More news
Financials (CNY)
Sales 2019 114 B
EBIT 2019 14 842 M
Net income 2019 13 791 M
Finance 2019 14 632 M
Yield 2019 2,20%
P/E ratio 2019 10,32
P/E ratio 2020 9,13
EV / Sales 2019 1,10x
EV / Sales 2020 0,98x
Capitalization 141 B
Chart GEELY AUTOMOBILE HOLDINGS LTD
Duration : Period :
Geely Automobile Holdings Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GEELY AUTOMOBILE HOLDINGS
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 16,0  CNY
Spread / Average Target 3,0%
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
Sector and Competitors
1st jan.Capitalization (M$)
GEELY AUTOMOBILE HOLDINGS LTD32.84%20 935
TOYOTA MOTOR CORP12.67%202 860
VOLKSWAGEN17.43%93 110
DAIMLER AG29.19%71 351
GENERAL MOTORS CORPORATION18.09%57 260
BAYERISCHE MOTOREN WERKE AG9.97%56 914