Geely Automobile Holdings’s stock price soars to 14.42 HKD, marking a robust 4.04% increase

Geely Automobile Holdings (175)

14.42 HKD +0.56 (+4.04%) Volume: 94.14M

Geely Automobile Holdings’s stock price is soaring at 14.42 HKD, witnessing a significant trading session surge of +4.04% and a remarkable YTD increase of +68.03%, with a robust trading volume of 94.14M, reflecting its strong market performance.

Latest developments on Geely Automobile Holdings

Geely Auto Group has been making significant strides in the automotive industry, with their new energy vehicle sales skyrocketing by 94% year-on-year in November 2024. The company’s Geely Galaxy saw impressive sales volume of 75,228 units, marking a remarkable 121% growth compared to the previous year. In the global EV sales landscape for November, Geely outperformed competitors like Xiaomi and Xpeng with a total of 122,453 units sold. Additionally, Geely Auto has shown a strong commitment to the ANZ market, hinting at potential future expansion. With Zeekr achieving a new record of 27,011 EVs delivered in November, and the introduction of innovative features like the Qualcomm Snapdragon 8155 chip in their vehicles, Geely Auto is poised for continued success and stock price movements to watch.

Geely Automobile Holdings on Smartkarma

Analysts on Smartkarma are bullish on Geely Auto, with Ming Lu predicting a 58% upside and a price target of HK$22 by the end of 2025. In their research report, Ming Lu highlights Geely’s strong performance in 3Q24, with revenue up by 20% and operating profit up by 129%, making it the second-largest in China. The sales volume growth rate also accelerated in August, indicating positive momentum for the company.

Furthermore, Caixin Global reports that Geely Auto is raising its 2024 export target to 380,000 units from 330,000 units after a 67% year-on-year growth in vehicle exports in the first half of the year. CEO Gan Jiayue attributes this success to the company’s aggressive expansion into emerging markets like Africa, where sales surged over 400%. Geely’s focus on further expansion in regions like Central Asia, Mexico, the Middle East, and Southeast Asia shows a commitment to continued growth and market presence.

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, the passenger vehicles manufacturing company, has a positive long-term outlook based on its Smartkarma Smart Scores. With strong scores in Resilience and Momentum, the company is positioned well to weather market fluctuations and maintain steady growth. Additionally, its Growth score indicates potential for expansion and development in the future. While its Value and Dividend scores are not as high, Geely Auto‘s overall outlook remains favorable.

Geely Auto, known for its passenger vehicles development and manufacturing, has received solid ratings in key areas according to Smartkarma Smart Scores. The company’s high Momentum score suggests strong market performance, while its Resilience score indicates a stable foundation for long-term success. Although not scoring as high in Value and Dividend, Geely Auto‘s Growth score points towards promising opportunities for the company to thrive in the competitive automotive industry.

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