Geely Auto (175) Earnings Surge with November Vehicle Sales Hitting 250,136 Units

Geely Auto on Smartkarma

Analysts on Smartkarma have been actively covering Geely Auto, providing valuable insights for investors. Ming Lu‘s report on Geely (175 HK) in 3Q24 highlighted a 20% revenue growth and a 129% increase in operating profit, positioning the company as the 2nd largest in China. With a projected upside of 58% by the end of 2025 and a price target of HK$22, Geely’s positive performance has garnered a bullish sentiment among analysts.

Furthermore, Caixin Global reported that Geely Auto is aiming to raise its 2024 export target to 380,000 units, up from 330,000 units, following a remarkable 67% year-on-year growth in vehicle exports in the first half of the year. CEO Gan Jiayue emphasized the company’s successful expansion into emerging markets like Africa, with sales skyrocketing over 400%. Geely’s focus on strategic growth regions indicates a strong outlook for its international operations.

A look at Geely Auto 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 seems promising based on the Smartkarma Smart Scores. With a strong score in Growth, indicating potential for expansion and development, the company is poised for future success in the passenger vehicles market. Additionally, scoring high in Resilience reflects Geely Auto‘s ability to weather market uncertainties and challenges, contributing to its overall stability.

In addition, Geely Auto‘s Momentum score of 5 signifies strong positive market momentum, suggesting an upward trend in the company’s performance. While Value and Dividend scores are moderate, the high scores in Growth, Resilience, and Momentum indicate a positive trajectory for Geely Auto in the long run. Overall, with a focus on passenger vehicles manufacturing and a solid outlook across key factors, Geely Auto appears well-positioned for continued growth and success in the market.

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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