YONGDA AUTO (03669) rose over 7%, as of the report, it increased by 7.33%, reaching HKD 2.49, with a transaction volume of 13.8387 million HKD.
According to Zhitong Finance APP, YONGDA AUTO (03669) rose over 7%, as of the report, it increased by 7.33%, reaching HKD 2.49, with a transaction volume of 13.8387 million HKD.
In terms of news, Citigroup's previous Research Reports indicated that the company's management recently held a conference call to discuss the performance of Huawei Hongmong intelligent travel Dealer stores and the outlook for the New energy Fund Business next year, revealing that they expect to have 7 Huawei Hongmong intelligent travel stores by the end of this year. The firm anticipates that Hongmong intelligent travel needs to collaborate with more Dealers to expand its sales scale, expecting that by next year, YONGDA's Huawei Hongmong intelligent travel stores will increase to about 40 to 50.
JPMorgan stated that YONGDA AUTO's deepening cooperation with Huawei, especially in terms of Hongmong intelligent travel (HIMA), will further expand its New energy Fund (NEV) sales network, estimating that by 2025, Huawei-related NEV sales stores will account for 30% of its total Dealer network. The firm believes that YONGDA AUTO's fundamentals are improving and that cooperation with Huawei will bring new growth momentum, suggesting that investors pay attention to the progress of its collaboration with Huawei and market performance.