HK analyst maintains 'sell' call on Geely
Sanford C Bernstein & Co's Robin Zhu reiterates 12-month target price of HK$7.50, implying a 57% drop for the stock
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Shanghai
IT takes a strong stomach to be bearish on Geely Automobile Holdings Ltd. Just ask Robin Zhu. The Hong Kong-based Sanford C Bernstein & Co analyst has advised investors to avoid Geely since August 2015, a span where the share price has soared more than 500 per cent.
The owner of Volvo cars is the world's best-performing car stock this year and one of the most highly valued, trading at 26 times profit. Among more than 30 analysts tracked by Bloomberg, Janet Lewis at Macquarie Group Ltd has the only other "underperform" rating.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
