Wednesday 15 February 2017

Geely Auto. Both Sides Of The Story

Is the 1993 hit single from Phil Collins, taken from the album both sides.

Geely Auto shares, hit a fresh all time high yesterday, when the stock closed at HK$11.08.

The talk in Kuala Lumpur is that Geely shares are going up because the Chinese company is going to buy a 51 per cent stake in Proton.

Considering how, Geely shares are closing at record highs at the close of each trading day, at this pace, Geely would have made enough money from the stock market itself, to fund the purchase of Proton Holdings.

But there are always two sides to a story. So here is the other side. So you can have both sides of the story .

There is a strong possibility, that Geely shares are going up, has got nothing to do with the possible tie up with DRB Hicom.

It could well be, that Geely shares are going up, because Geely will join the benchmark Hang Seng Index from March 6, replacing Hong Kong sourcing company Li & Fung.