1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Geely Automobile Holdings Limited
  6. News
  7. Summary
    175   KYG3777B1032

GEELY AUTOMOBILE HOLDINGS LIMITED

(175)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-08-17 am EDT
17.36 HKD   -0.46%
08/09SET ADDS NEW LISTED SECURITIES : GEELY28C2301A to be traded on August 10, 2022
PU
08/08Geely Sales Rise 24% in July on Strong EV Demand
MT
08/08Geely Automobile Holdings Limited Reports Unaudited Group Sales Results for the Month and Year to Date Ended July 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hong Kong stocks rise, as China stimulus boosts automakers

07/07/2022 | 04:39am EDT

July 7 (Reuters) - Hong Kong stocks reversed early losses and ended the day higher on Thursday, helped by a surge in automakers as China unveiled fresh measures to spur car purchases.

** The benchmark Hang Seng Index rose 0.3% at close, having lost as much as 1.8% during the session.

** The Hong Kong China Enterprises Index was roughly flat.

** Shares of Geely Automobile led rise in Chinese automobile makers listed in Hong Kong on Beijing's fresh stimulus.

** The Ministry of Commerce said it would consider extending a tax break for electric vehicles and outlining plans to build more charging stations and encourage lower charging fees.

** Geely and Great Wall Motor both jumped more than 6%, while Wuling Motors and BYD Co also posted solid gains.

** But market sentiment is curbed by concerns over global economic health and inflation.

** A deteriorating inflation situation and concern about lost faith in the Federal Reserve's power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and a firm restatement of their intent to get prices under control, minutes of the June 14-15 policy meeting showed.

** Highlighting the negative impact on emerging markets, the region suffered a fourth consecutive month of portfolio outflows in June, notching the longest losing streak in seven years, data from the Institute of International Finance showed.

** Investors are also cautious amid signs of fresh COVID-19 outbreaks in China, which reported 409 new coronavirus cases for July 6, including both symptomatic and asymptomatic cases.

** Consumer and industrial stocks rose on Thursday, but tech and property shares fell. (Reporting by the Shanghai Newsroom; Editing by Krishna Chandra Eluri)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GEELY AUTOMOBILE HOLDINGS LIMITED -0.46% 17.36 Delayed Quote.-18.12%
GREAT WALL MOTOR COMPANY LIMITED 1.60% 11.44 Delayed Quote.-57.99%
WULING MOTORS HOLDINGS LIMITED -0.96% 1.03 Delayed Quote.-38.69%
All news about GEELY AUTOMOBILE HOLDINGS LIMITED
08/09SET ADDS NEW LISTED SECURITIES : GEELY28C2301A to be traded on August 10, 2022
PU
08/08Geely Sales Rise 24% in July on Strong EV Demand
MT
08/08Geely Automobile Holdings Limited Reports Unaudited Group Sales Results for the Month a..
CI
08/02Baidu-Geely JV Jidu Auto Targets Up to $400 Million in Fresh Funds
MT
08/01Hong Kong Hang Seng Flat As Property Issues Sag
MT
07/25Geely Automobile Holdings Limited Announces Appointment of Mr. Gan Jia Yue as Executive..
CI
07/20Geely-Backed SiEngine Raises Nearly $148 Million in Fresh Funds
MT
07/13Geely-Backed Polestar’s Sales More Than Double in H1
MT
07/13Polestar EV sales surge in first half, on track for full-year target
RE
07/13Geely Launches New Electric Pickup Truck
MT
More news
Analyst Recommendations on GEELY AUTOMOBILE HOLDINGS LIMITED
More recommendations
Financials
Sales 2022 129 B 19 062 M 19 062 M
Net income 2022 6 676 M 984 M 984 M
Net cash 2022 26 083 M 3 843 M 3 843 M
P/E ratio 2022 21,5x
Yield 2022 1,46%
Capitalization 151 B 22 186 M 22 186 M
EV / Sales 2022 0,96x
EV / Sales 2023 0,75x
Nbr of Employees 44 000
Free-Float 57,3%
Chart GEELY AUTOMOBILE HOLDINGS LIMITED
Duration : Period :
Geely Automobile Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GEELY AUTOMOBILE HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 15,03 CNY
Average target price 16,32 CNY
Spread / Average Target 8,62%
EPS Revisions
Managers and Directors
Sheng Yue Gui Executive Director
Wen Ze Xu President
Shu Fu Li Chairman
Yang Wang Independent Non-Executive Director
Qing Heng An Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
GEELY AUTOMOBILE HOLDINGS LIMITED-18.12%22 288
TOYOTA MOTOR CORPORATION0.74%216 203
VOLKSWAGEN AG-15.15%91 748
MERCEDES-BENZ GROUP AG-9.42%66 648
FORD MOTOR COMPANY-20.90%66 053
GENERAL MOTORS COMPANY-33.50%56 849