HK analyst maintains 'sell' call on Geely

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.