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Geely Automobile Holdings ( (HK:0175) ) has shared an announcement.
Geely Automobile Holdings Limited has announced a voluntary share buy-back program amounting to HK$2.3 billion, approved by its board of directors. This initiative, conducted under the Repurchase Mandate, aims to repurchase up to 10% of its issued shares from the open market, subject to regulatory approvals. The company believes this move will demonstrate confidence in its business outlook and benefit shareholders by enhancing value, while maintaining a solid financial position.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on Geely Automobile Holdings stock, see the HK:0175 Stock Forecast page.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a company incorporated in the Cayman Islands, operating within the automotive industry. It is listed on the Hong Kong Stock Exchange and focuses on manufacturing and selling automobiles, with a market presence that extends across various regions.
YTD Price Performance: 33.22%
Average Trading Volume: 72,511,422
Technical Sentiment Signal: Buy
Current Market Cap: HK$196B
Learn more about 0175 stock on TipRanks’ Stock Analysis page.