2024-03-26 00:02:25 ET
Summary
- Geely achieved a +7% earnings beat for FY 2023, thanks to better-than-expected revenue growth and margin expansion.
- There are a number of re-rating catalysts for Geely this year, such as robust sales volume growth driven by new launches and favorable government policies.
- The company's above-expectations net profit last year and the presence of multiple catalysts for 2024 are good reasons to be bullish on Geely.
Elevator Pitch
My investment rating for Geely Automobile Holdings Limited ( GELYF ) ( GELYY ) [175:HK] is a Buy. The company's most recent fiscal year financial results beat expectations, with its earnings exceeding the consensus projection by +7%. Looking forward, I see multiple re-rating catalysts for the stock relating to future sales volume growth, the spin-off of its premium EV (Electric Vehicle) brand, and favorable policy developments....
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For further details see:
Geely: Bullish On Q4 Earnings Beat And Re-Rating Catalysts