GEELY AUTO. HLDGS HD-,02 stock forum
GELYF - Major weekly breakout. As far as EV vehicles go, they are much nicer than a TESLA, lower priced and way better looking. Sales are going through the roof. It is a China based auto company so expect volatility with Trump tariffs, etc.
175 Target Price and Valuation
UOB Kay Hian has raised Geely’s target price from HK$13.00 to HK$21.50. This increase is based on the company’s strong earnings outlook and a target 2025 forward price-to-earnings (PE) multiple of 20 times, which reflects a three-year historical mean. This is a significant upgrade from the previous target PE multiple of 12 times, attributed to the lower market discount rate.
Share Price Catalysts
Strong Monthly Sales: Geely’s monthly sales figures are expected to remain robust, driven by the success of its newly launched EV models.
3Q24 Earnings Results: Anticipated strong performance in the upcoming quarterly results, likely reflecting the company’s recent product launches and increased demand.
175 long term bottom area, $9