SEHK:175Auto
Geely (SEHK:175) Stock Faces Margin Questions Despite Cheap P/E
Geely Automobile Holdings just printed another quarter of solid top and bottom line numbers, yet the stock is stuck around HK$18.26 after a flat week and a weak 3 month run. The real headline is simple: revenue for Q2 reached ¥89.8b while net income came in at ¥4.9b, and the trailing P/E sits at 10.1x, well below both peers and the wider Asian auto sector.
That mix of steady earnings power and a discounted valuation sets up a clear sentiment test. The market is still treating Geely like a...