Geely - new call warrant to trade Chinese EV outperformer

Macquarie Warrants Singapore

🆕Macquarie has listed a new call warrant $Geely MB eCW261103(IMOW.SI)$ (https://warrants.com.sg/tools/livematrix/IMOW) tracking $GEELY AUTO(00175)$ shares

✳The warrant is priced at SGD 0.038 while Geely trades at HKD 18.17, and will move approximately 5.3% for a 1% move in Geely shares, based on its effective gearing level of 5.3x this morning as of 925AM

✨At roughly flat year to date (-0.2%), Geely has meaningfully outperformed $BYD COMPANY(01211)$ (-10.8%), Li Auto (-15.7%), Xpeng (-22.8%), and the HSTECH Index (-17.1%),

Only $NIO Inc. USD OV(NIO.SI)$ (+4.8%) has done better among this peer group, according to Bloomberg AskB

According to Bloomberg, the entire Chinese EV space has been under pressure since late April, with weak domestic passenger car sales (-22.1% year on year in May) and a reversal of mainland southbound flows into HK weighing on the group

However, Geely's relatively resilient PHEV sales

mix (+32% year on year in May) has helped it hold up better than pure-play EV names

In the latest preliminary May New EV sales data released, Zeekr+Lynk posted +18% year on year growth driven by Zeekr 9X/8X, supporting an improving mix for Geely, offsetting slightly slower Galaxy growth (decline of -10% month-on-month)

Analyst consensus polled by Bloomberg remains constructive on Geely shares, with 44 buys, 3 holds, and 0 sells on the shares and a 12-month target price of HKD 28.71

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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USD OV(NIO.SI)$</a> (+4.8%) has done better among this peer group, according to Bloomberg AskB</p>\n<p>According to Bloomberg, the entire Chinese EV space has been under pressure since late April, with weak domestic passenger car sales (-22.1% year on year in May) and a reversal of mainland southbound flows into HK weighing on the group</p>\n<p>However, Geely's relatively resilient PHEV sales</p>\n<p>mix (+32% year on year in May) has helped it hold up better than pure-play EV names</p>\n<p>In the latest preliminary May New EV sales data released, Zeekr+Lynk posted +18% year on year growth driven by Zeekr 9X/8X, supporting an improving mix for Geely, offsetting slightly slower Galaxy growth (decline of -10% month-on-month)</p>\n<p>Analyst consensus polled by Bloomberg remains constructive on Geely shares, with 44 buys, 3 holds, and 0 sells on the shares and a 12-month target price of HKD 28.71</p></body></html>","htmlText":"<html><head></head><body><p>🆕Macquarie has listed a new call warrant <a href=\"https://ttm.financial/S/IMOW.SI\">$Geely MB eCW261103(IMOW.SI)$</a> (https://warrants.com.sg/tools/livematrix/IMOW) tracking <a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a> shares</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2c6834765b8a2596b88d32a39ee6f8e4\" tg-width=\"800\" tg-height=\"800\"></p>\n<p>✳The warrant is priced at SGD 0.038 while Geely trades at HKD 18.17, and will move approximately 5.3% for a 1% move in Geely shares, based on its effective gearing level of 5.3x this morning as of 925AM</p>\n<p>✨At roughly flat year to date (-0.2%), Geely has meaningfully outperformed <a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a> (-10.8%), Li Auto (-15.7%), Xpeng (-22.8%), and the HSTECH Index (-17.1%),</p>\n<p>Only <a href=\"https://ttm.financial/S/NIO.SI\">$NIO Inc. USD OV(NIO.SI)$</a> (+4.8%) has done better among this peer group, according to Bloomberg AskB</p>\n<p>According to Bloomberg, the entire Chinese EV space has been under pressure since late April, with weak domestic passenger car sales (-22.1% year on year in May) and a reversal of mainland southbound flows into HK weighing on the group</p>\n<p>However, Geely's relatively resilient PHEV sales</p>\n<p>mix (+32% year on year in May) has helped it hold up better than pure-play EV names</p>\n<p>In the latest preliminary May New EV sales data released, Zeekr+Lynk posted +18% year on year growth driven by Zeekr 9X/8X, supporting an improving mix for Geely, offsetting slightly slower Galaxy growth (decline of -10% month-on-month)</p>\n<p>Analyst consensus polled by Bloomberg remains constructive on Geely shares, with 44 buys, 3 holds, and 0 sells on the shares and a 12-month target price of HKD 28.71</p></body></html>","text":"🆕Macquarie has listed a new call warrant $Geely MB eCW261103(IMOW.SI)$ (https://warrants.com.sg/tools/livematrix/IMOW) tracking $GEELY AUTO(00175)$ shares ✳The warrant is priced at SGD 0.038 while Geely trades at HKD 18.17, and will move approximately 5.3% for a 1% move in Geely shares, based on its effective gearing level of 5.3x this morning as of 925AM ✨At roughly flat year to date (-0.2%), Geely has meaningfully outperformed $BYD COMPANY(01211)$ (-10.8%), Li Auto (-15.7%), Xpeng (-22.8%), and the HSTECH Index (-17.1%), Only $NIO Inc. USD OV(NIO.SI)$ (+4.8%) has done better among this peer group, according to Bloomberg AskB According to Bloomberg, the entire Chinese EV space has been under pressure since late April, with weak domestic passenger car sales (-22.1% year on year in May) and a reversal of mainland southbound flows into HK weighing on the group However, Geely's relatively resilient PHEV sales mix (+32% year on year in May) has helped it hold up better than pure-play EV names In the latest preliminary May New EV sales data released, Zeekr+Lynk posted +18% year on year growth driven by Zeekr 9X/8X, supporting an improving mix for Geely, offsetting slightly slower Galaxy growth (decline of -10% month-on-month) Analyst consensus polled by Bloomberg remains constructive on Geely shares, with 44 buys, 3 holds, and 0 sells on the shares and a 12-month target price of HKD 28.71","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/573171281171304","repostId":0,"isVote":1,"tweetType":1,"viewCount":27778,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["IMOW.SI","01211","00175","NIO.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1186,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/573171281171304"}