Geely Automobile 0175

Re: Geely Automobile 0175

Postby winston » Thu Aug 21, 2014 6:47 am

Target cut as sales sputter

Geely Automobile (0175) cut its full-year sales target [b]by 25 percent[/b] to 430,000 cars as first-half net profit fell 20 percent from a year earlier to 1.11 billion yuan (HK$1.4 billion).

Car sales declined 29 percent on-year to 187,000 units, reaching just 32 percent of its earlier annual target of 580,000 units.

Domestic sales tumbled 28 percent while exports fell 32 percent.

Earnings per share slid 25 percent to 12.65 fen and no interim dividend was proposed.

A major product upgrade cycle and a major reshuffle of the sales and marketing system hurt short-term revenue in the first six months of the year.

Chief executive Gui Shengyue blamed a drop in exports largely on product adjustments and political instability in foreign markets. With three new models to be launched this year, Gui expects revenue to rebound.

More mainland civil servants will buy Geely cars due to an anti-graft drive that is deterring them from buying luxury cars, Gui said.

Geely also expects to benefit from anti-monopoly investigations targeting foreign automobile companies.

Gui believes government restrictions on car purchases to reduce pollution will have little impact on the firm, as the rule applies to first-tier cities and most of Geely's revenue comes from second and third- tier cities. Shares rose 0.65 percent to HK$3.09.


Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Wed Dec 17, 2014 10:06 am

not vested

GEELY AUTO (00175.HK) warns of 50% loss in annual net profit

GEELY AUTO (00175.HK) issued a profit warning, expecting to record a drop of approximately 50% in net profit compared with RMB 2.663 billion in 2013.

The decrease was mainly attributable to the decrease in sales volume of the group by 26% during the first eleven months; and the unrealized foreign exchange loss recorded by the group?s subsidiary in Russia due to the depreciation of Russian Rouble against United States Dollar and Renminbi during the fourth quarter of 2014.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Wed Jul 22, 2015 8:20 pm

not vested

Geely (175 HK)

Geely saw a strong recovery in sales this year with its sales volume jumping 35% yoy to 252,107 in 1H2015, accounting for 56% of its annual target of 450,000.

As Geely is going to roll out more new products with better value for money, it could help support its sales growth and capture more market share in the midrange segment.

We maintain BUY rating.

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Wed Jan 20, 2016 9:38 pm

not vested

Geely Auto (175 HK)

Thanks to the half exemption on vehicle purchase tax implemented since Oct 15, Geely Auto achieved sales of 510,100 units in 2015, a 22% yoy growth, beating our expectations.

The management of Geely Auto set a sales target of 600,000 units in 2016, an 18% yoy increment, beating the estimated growth of the overall vehicle market in China.

We like Geely Auto because of its
1) strong product line-up,
2) stronger product development capabilities, and
3) high exposure to small cars.

On the valuation front, the company is now trading at ~8.2x 2016F PE which is lower than its historical mean one-year forward PE of 11x.

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Thu Jul 07, 2016 11:56 am

not vested

Geely Auto Jumps As June Sales Growth Hit 11-Month High: Time To Take Profit?

By Shuli Ren

Geely Auto (175.Hong Kong) jumped 3.7% after reporting stellar June sales growth numbers.

In June, Geely sold 46,574 units, a 41% jump from a year ago, the highest growth number in the last 11 months.

Good job on the fast-growing SUV segment! Geely’s mid-size SUV Boyue sold 8,142 units in June, up from 6,049 units in May and only 1,018 units in March.

Geely has turned out a better play on the SUV segment than market leader Great Wall Motor (2333.Hong Kong).

The question is: can Geely go higher? This stock has already advanced by over 50% since its late February low. Morgan Stanley, for instance, last month suggested taking profit on Geely. Morgan Stanley has not called the top: Geely has gained another 7% since.

But Geely’s momentum has slowed down. HSBC this morning raised its price target to HK$4.90, implying only 10% upside.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ke-profit/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Tue Nov 01, 2016 9:32 pm

not vested

This Stock Could Double Within the Next 12 to 24 Months

By Keith Fitz-Gerald

Source: Money Morning

http://dailytradealert.com/2016/11/01/t ... 24-months/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Thu Jul 20, 2017 10:47 am

not vestec

Geely Auto 吉利汽车 (175 HK)

Geely posted a positive profit alert stating that 1H17 net profits should have grown more than 100% yoy which is higher than our estimate and street estimate.

The management has also raised 2017 sales target from 1m units to 1.1m units.

Given the stronger-than-expected sales momentum in the 1H17, and ramp-up of new capacity for two SUV models, Boyue and Emgrand GS+GL from Jul-Aug 17, as well as debut of Lynk & Co 01 (SUV) in Nov 17, we raise 2017-19 EPS by 16%, 41% and 49%.

We upgraded Geely from HOLD to BUY at a target price of HK$22.00 based on 14x PE multiple.

http://www.geelyauto.com.hk/en/index.html

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Thu Mar 22, 2018 3:03 pm

not vested

Geely Auto 吉利汽车 (175 HK)

Geely’s Feb 2018 sales came in as expected at >110,000 units, up 24% yoy but down 29% mom.

The mom drop was due to a late Chinese New Year.

Jan-Feb 2018 sales grew 38% yoy to >265,000 units vs our estimate of 1.58m units for 2018.

We expect sales to accelerate in the coming months with the ramp-up of Lynk & Co 01 production and launches of 11 new models including Lynk & CO 02/03, New Emgrand, and the facelift of Boyue, Emgrand GS and Vision SUV.

We maintain our 2018-19 EPS forecasts.

We maintain a BUY rating with a target price of HK$30.00, pegged to 15x 2018F PE.

http://www.geelyauto.com.hk/en

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Thu Oct 18, 2018 10:19 am

not vested

GEELY AUTO(175)

Analysis:

Geely`s net profit surged 54% yoy in 2018H1, better than its earing positive profit alert before.

In the first 9 months of 2018, Geely`s total sales volume rose by 37% yoy, completing 72% of the annual sales volume target (1,580,000 units).

The Company will remain the strong efforts to launch new models and considerable new models will be unveiled in 2018/2019. Facelift versions of the existing models will be launched successively.

Besides, Geely will launch more than 8 new models in 2018, including LYNK&CO 02 and 03, two models of new energy vehicle, 2 models of sedan, 2 models of SUV and a model of MPV.

And in 2019, the Company will continue to launch no less than 5-6 brand-new models, enriching its product portfolio.

Strategy:
Buy-in Price: $13.80, Target Price: $22.00, Cut Loss Price: $9.50

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Geely Automobile 0175

Postby winston » Thu Oct 18, 2018 10:19 am

not vested

GEELY AUTO(175)

Analysis:

Geely`s net profit surged 54% yoy in 2018H1, better than its earing positive profit alert before.

In the first 9 months of 2018, Geely`s total sales volume rose by 37% yoy, completing 72% of the annual sales volume target (1,580,000 units).

The Company will remain the strong efforts to launch new models and considerable new models will be unveiled in 2018/2019. Facelift versions of the existing models will be launched successively.

Besides, Geely will launch more than 8 new models in 2018, including LYNK&CO 02 and 03, two models of new energy vehicle, 2 models of sedan, 2 models of SUV and a model of MPV.

And in 2019, the Company will continue to launch no less than 5-6 brand-new models, enriching its product portfolio.

Strategy:
Buy-in Price: $13.80, Target Price: $22.00, Cut Loss Price: $9.50

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to D to K

Who is online

Users browsing this forum: No registered users and 10 guests