Li Shufu, founder and controlling shareholder of Geely Automobile Holdings Ltd., is buying another problem asset for his collection.
Chinese automaker Geely will be taking a 49.9 percent stake in Malaysia's iconic, home-grown, but long-struggling carmaker Proton.
This is in view that Geely has a proven track record of rescuing renowned Swedish automaker Volvo, which it bought in 2010, and sales of the Swedish brand exceeded the half a million mark within five years.
Geely, including its Volvo brand, ranked just 16th globally on World Car Group's ranking by sales in 2017.
Geely's founder Li Shufu, sometimes referred to as the "Henry Ford of China," is a self-made entrepreneur who started building cars in 1998. Geely chalked up car sales of 1.3 million units in February last year.
As investor, how can we benefit from Geely? Many retail investors know that they can buy Hong Kong stock but most of them choose Not to learn and would rather said "Not Familiar" & "Don't Know How". Is this sound familiar to you?
Since early 2016 until recently, Geely stock price (0175.HK) has been appreciating more than 300% in less than 1.5 years (see above chart).
Read our previous post on Nov 2016 when Geely price was only HKD8.00, as of last Friday, high price was HKD14.36, this represent 77% gain. Congrats those who follow our post.
Most importantly how to catch this kind of stock? Come and join us for our upcoming Hong Kong & China Stock Markets FREE seminar
- Do you think that Singapore & US markets are Overbought now? It is true that Fund Managers are putting more Fund in Hong Kong & China stock markets?
- In fact, with internet trading, trading overseas markets has become much more convenient and affordable.
- You can trade Hong Kong and China Stocks using POEMS, and with Promotional Brokerage Rate**
- The one problem that is stopping many people is "FEAR", the fear of moving into unknown areas.
- Most of the time, it is the lack of knowledge that creates the Fear. The good news is that this seminar will give you the essential information you need to survive the volatile market and within the shortest time, you can apply the things you learnt immediately.
- If you are the person who are fear of moving into unknown areas (Hong Kong Market) because of Not Familiar & Don't know How then this Free seminar is design for you!
- Remember, opportunity will not come to you unless you take action Now to learn New Skills!
In this session, you will learn New Skills:
- How to find Hong Kong and China Stocks that got potential to run up more than 300%?
- The Impact of MSCI inclusion for China Stocks
- Shenzhen Hong Kong Link - What stock to look at?
- How to get FREE Real time price for Hong Kong & China Shares
- Where to read FREE Research Report and Stock recommendation from Financial Analysts
- Your Individual Stock Analysis (including Singapore Stocks)
- CFD introduction for China A-Shares & Hong Kong shares
To overcome fear of the unknown, you have to acquire knowledge, to understand the market, risks involved, and opportunities that lies in trading foreign stocks.
This session is for you, don’t let your fear stop you from being successful in trading.
Event Details
- Dates: 7 Jun 2017 (Wed)
- Time: 7pm - 10pm
- Venue: Level 6, Presentation Room, Raffles City Tower, 250 North Bridge Road (Nearest MRT City Hall Exit A)
- Fee: Free Admission
