Zhongsheng Group's Newly Acquired Stores Could Boost New-Car Sales -- Market Talk
Zhongsheng Group's Newly Acquired Stores Could Boost New-Car Sales -- Market Talk
DJ Zhongsheng Group's Newly Acquired Stores Could Boost New-Car Sales -- Market Talk
DJ中升控股新收购的门店可能提振新车销售--市场对话
0241 GMT - Zhongsheng Group's recently acquired stores could boost volume growth of new-car sales, Daiwa Capital says, forecasting it at 29% in 2021. Given higher expected sales volumes of luxury cars and mid- to high-end cars, Daiwa increases revenue forecasts for the Chinese car dealer by 5.9% for each of 2021 and 2022, while its net profit forecasts are raised 0.7% for 2021 and 0.5% for 2022. It upgrades Zhongsheng to buy from outperform while keeping the target price at HK$80.00. Shares rise 1.0% to HK$68.80, up 25% so far this year. (clarence.leong@wsj.com)
0241GMT-大和资本表示，中升控股最近收购的门店可能会推动新车销量的增长，并预计2021年新车销量将增长29%。鉴于豪华车和中高端车的预期销量较高，大和汽车将这家中国汽车经销商2021年和2022年的营收预期分别上调了5.9%，同时将2021年和2022年的净利润预期分别上调了0.7%和0.5%。上调中盛从强于大盘买入，同时维持目标价在80.00港元。股价升1.0%，报68.8港元，今年以来累计涨25%。(clarence.leong@wsj.com)
(END) Dow Jones Newswires
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August 09, 2021 22:42 ET (02:42 GMT)
2021年08月09日22：42美国东部时间(格林尼治标准时间02：42)
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