Geely Automobile Holdings’s Stock Price Plummets to 17.20 HKD, Experiencing a Sharp 5.70% Drop

Geely Automobile Holdings (175)

17.20 HKD -1.04 (-5.70%) Volume: 157.09M

Geely Automobile Holdings’s stock price stands at 17.20 HKD, experiencing a decrease of -5.70% this trading session with a trading volume of 157.09M, yet showing a year-to-date growth of +16.06%, reflecting its resilient market performance.

Latest developments on Geely Automobile Holdings

Geely Auto‘s stock price saw significant movements today following a series of key events. The company reported a more than tripled net profit driven by record exports and robust sales in 2024. Geely’s earnings beat estimates, showcasing strong sales and effective cost-cutting measures. The acquisition of LYNK & CO also contributed to the unveiling of impressive financial data. Additionally, the introduction of the ZEEKR brand and its endeavors to turn losses into profits in 2025 have garnered investor interest. With the announcement of a final dividend for 2024 and the application of an unmanned driving system in upcoming product launches, Geely Auto continues to make strides in the automotive industry.

Geely Automobile Holdings on Smartkarma

Analyst coverage on Geely Auto by Ming Lu on Smartkarma has been consistently bullish. In one report titled “Geely Auto (175 HK): 2024 Result Accelerating, 50% Upside”, Ming Lu highlighted a 34% increase in total revenue and a 32% rise in sales volume, leading to an improved operating margin of 4% in 2024. The analyst sees a 51% upside potential and recommends a buy with a price target of HK$28.00. Another report, “Geely (175 HK): Deliveries Up by 32% in 2024 – BEV Supporting 2H24”, focuses on Geely’s sales volume growth, especially in the battery electric vehicle (BEV) segment, with a positive outlook on the overseas market.

Furthermore, in a report titled “Geely (175 HK): Turning from PHEV to BEV”, Ming Lu highlighted Geely’s transition towards BEVs, noting a 27% year-over-year growth in deliveries in November 2024. The report also mentions a significant acceleration in BEV delivery growth rate to 173% year-over-year. With forward financial ratios lower than its competitors, Geely is positioning itself strategically in the electric vehicle market. The analyst’s optimistic sentiment towards Geely Auto‘s performance and future prospects is evident in the coverage provided 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 seems to be on a positive trajectory for future growth and performance. Additionally, Geely Auto‘s strong Resilience score indicates that it is well-equipped to withstand market challenges and economic fluctuations, further solidifying its position in the industry.

While Geely Auto may not score as high in Dividend and Value, its Growth score suggests potential for expansion and development in the coming years. Overall, with a mix of positive scores across different factors, Geely Auto seems to be in a favorable position for long-term success in the passenger vehicles manufacturing 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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