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My investment in Geely (0175.HK)
22 Mar 2021 (172 views)

I bought 10,000 Geely shares at $24.35 (HKD). The total invested sum is about $42,000 (SGD). It closed 1% lower. 

Geely is a big car manufacturer in China. Their main sale is in conventional cars. I recalled that they introduced a low cost electric car that sold very well in China. I recall that their price is US$5,000 butI could not find the article to confirm this figure.

Geely is now introducing a premium electric car that will compete with Tesla.

Here is a recent report about Geely.
https://www.straitstimes.com/business/companies-markets/manufacturer-for-hire-chinas-geely-sets-out-to-become-a-force-in-electric

Geely will be reporting its financial results in two days time. I decided to buy the stock in anticipation of good results which, I hope, will push up the stock price. 

Apart from selling their own brands, Geely will also be a contract manufacturer for other electric car brands. Some people even speculate that they may make the Apple car - but this is just speculation.

According to the data in Yahoo Finance, the revenue and earning is expected to drop by about 25%. This is reflected in the recent drop in the stock price. I hope that the actual results will beat expectation. Wish me good luck.

Tan Kin Lian

Note - this is just my opinion. Do not take this as investment advice. 


 


My investment in Geely (0175.HK)
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I bought 10,000 Geely shares at $24.35 (HKD). The total invested sum is about $42,000 (SGD). It closed 1% lower. 

Geely is a big car manufacturer in China. Their main sale is in conventional cars. I recalled that they introduced a low cost electric car that sold very well in China. I recall that their price is US$5,000 butI could not find the article to confirm this figure.

Geely is now introducing a premium electric car that will compete with Tesla.

Here is a recent report about Geely.
https://www.straitstimes.com/business/companies-markets/manufacturer-for-hire-chinas-geely-sets-out-to-become-a-force-in-electric

Geely will be reporting its financial results in two days time. I decided to buy the stock in anticipation of good results which, I hope, will push up the stock price. 

Apart from selling their own brands, Geely will also be a contract manufacturer for other electric car brands. Some people even speculate that they may make the Apple car - but this is just speculation.

According to the data in Yahoo Finance, the revenue and earning is expected to drop by about 25%. This is reflected in the recent drop in the stock price. I hope that the actual results will beat expectation. Wish me good luck.

Tan Kin Lian

Note - this is just my opinion. Do not take this as investment advice.