When I wrote about Geely (GELYY) (0175.HK) in June, I mentioned "a lot of turbulence" in the outlook for the Chinese economy and significant ongoing risks to the outlook for second-half vehicle sales as the Chinese auto sector goes through a brutal correction. Those risks have already come home to roost, with Geely posting a disappointing June sales figure and warning that first half results will miss expectations, while also reducing the full-year sales target.
As my expectations for Geely were already below the sell-side averages, I can't say this news