Geely Auto (00175) opened higher in early trading. As of press release, the stock price rose 5.02% to HK$13.80, with a turnover of HK$0.537 billion.
According to the Hong Kong Stock Exchange equity disclosure documents, Geely Automobile Chairman Li Shufu purchased a total of 24.2 million Geely Auto shares on November 26 and November 27. According to the average price, it cost about HK$0.316 billion, and the shareholding increased from 41.19% to 41.40%.
CMB International's previous research report indicated that Geely's sales forecast for next year was raised by 18% to 2.38 million vehicles. Based on the popularity of new energy vehicles recently launched, the company's NEV sales are expected to rise 51% year-on-year to 1.32 million units next year, accounting for 55% of total sales.
