Saturday, November 26, 2016

Geely Automobile - Owner of Volvo car brand by Billionaire Li Shufu

Li Shufu, a Billionaire and Chairman of one of China’s most successful private car companies, acquired Volvo from Ford in 2010. His company named Geely Automobile Holdings (0175.HK) which is listed in Hong Kong Stock exchange has been moving up steadily. 

Based on our ART trading system, the buy signals have been showing consistent profitable trades. Recently, there is a buy signal again (see below chart), let's watch closely !
Geely Automobile Holdings Limited is a Hong Kong-based company principally engaged in automobile-related businesses include the research, development, manufacture and sales of automobiles and automobile components. 

The Company operates businesses in China, Europe, Middle East, South Korea and Africa, among others. Its subsidiaries include Centurion Industries Limited, Value Century Group Limited, Geely International Limited, Zhejiang Fulin Guorun Automobile Parts & Components Co., Ltd. and Linkstate Overseas Limited, among others. 

Geely has owned the Swedish passenger car maker Volvo Cars since 2010 and taxis under the London Taxi brand. Delivery vans are sold under the brand Emerald.

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