Core Viewpoint - Geely Automobile Holdings Ltd is considered one of the most undervalued stocks in Hong Kong, with a recent announcement of a HK$2.3 billion buyback program aimed at reinforcing investor confidence and returning value to shareholders [1][2]. Group 1: Buyback Program - The board of Geely Automobile has approved a buyback program worth HK$2.3 billion, intending to repurchase up to 10% of its issued shares from the open market, pending regulatory approval [2]. - This buyback initiative is a strategic move to demonstrate the company's confidence in its financial health and future business prospects [2]. Group 2: Shareholder Value - The buyback program highlights Geely's commitment to returning value to its shareholders, complementing the current dividend yield of 1.68% for passive investors [3]. Group 3: Company Overview - Geely Automobile is a prominent automobile manufacturer, producing and selling vehicles and components under the brands Geely, Lynk & Co., and Zeekr, with a focus on traditional cars, SUVs, and New Energy Vehicles (NEVs) [4].