Guangzhou Automobile Group/ GAC (2238)

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Guangzhou Automobile Group/ GAC Profile

Guangzhou Automobile Group/ GAC (2238.xhkg) is a Chinese automobile maker headquartered in Guangdong, the People’s Republic of China. GAC manufactures and sells passenger cars, commercial vehicles, electric vehicles (EV), buses, and trucks. The Guangzhou Automobile Group has several foreign partners to produce foreign-branded vehicles for sale in China. GAC is currently producing Fiat, Honda, Isuzu, Mitsubishi, Toyota, Everus, and Hino. The GAC New Energy Automobile Co Ltd. (GAC NE) produces their own EV brand, Aion, and sells the EV and PHEV Trumpchi models. Guangzhou Automobile Group/ GAC (2238.xhkg) is traded on the Shanghai Stock Exchange (SSE), the Hong Kong Stock Exchange (SEHK), its current market cap is $152.50B (USD) and is employing more than 90.000 people in more than 300 offices globally. The Gac Group has recently expanded its business in Qatar, the Philippines, Saudi Arabia, Lebanon, and Russia. In 2019, due to the worsening of the China-US trade tensions, an indefinite postponement of their US market plans, which was supposed to start in 2020, was announced.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 16655

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