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Auto retailers Pusu Yongda Auto (03669) rose by 10.64%, with institutions expecting sustained increase in year-end car purchase demand.
Jinwu Financial News | Car dealers/auto retailers generally rise, yongda auto (03669) increases by 10.64%, meidong auto (01268) rises by 5.13%, harmony auto (03836) rises by 2.82%, zhengtongauto (01728) rises by 2.5%, zhongsheng hldg (00881) increases by 2.31%. Senior economist Xu Changming from the National Information Center stated today at the 2024 Automotive Finance Industry Summit that the domestic wholesale sales volume of passenger vehicles is expected to be 23 million units for the whole year, a year-on-year increase of 2.7%, and terminal sales are expected to reach about 23.5 million units, a year-on-year increase of 6-7%, for the entire year new.
ubs group: maintains zhongsheng hldg "sell" rating, target price raised to 9.4 HKD.
UBS Group released a research report stating it maintains the "sell" rating for Zhongsheng HLDG (00881). After the related global strategy was announced, the stock price increased by about 40% or an additional 12 billion yuan in market cap. It believes that the market has given an overly high valuation to AITO stores, raising the target price for Zhongsheng from 8.2 HKD to 9.4 HKD. The report stated that Zhongsheng signed a strategic cooperation agreement with Chongqing Sokon Industry Group Stock (601127.SH) to operate Huawei AITO specialized stores under an authorized distribution model, with plans to begin operations in January next year. Management guidance indicated a commission rate of 4.5% for the Aito vehicles, and the company will also provide related after-sales, auto finance, and insurance services.
Zhongsheng Group Shares Fall Sharply After Lifting of Trading Halt
Hong Kong stocks abnormal movement | Zhongsheng Holding (00881) resumed trading, once fell more than 9%, previously accumulated more than 50% in the past two days, signed a preliminary negotiation agreement with Chongqing Sokon Industry Group Stock.
zhongsheng hldg (00881) has accumulated a growth of over 50% in the previous two trading days. It fell by more than 9% this morning when trading resumed, and as of the time of writing, it has dropped by 5.17% to HK$17.96, with a turnover of 0.447 billion Hong Kong dollars.
zhongsheng hldg (00881.HK) resumed trading this morning
Gelonghui, November 12th | Zhongsheng Hldg (00881.HK) announced that the company's shares and bonds (stock code: 05138, 40224, and 40529) will resume trading at nine o'clock this morning (11/12/2024). Therefore, all structured products related to the company will also resume trading simultaneously.
Zhongsheng Holding: Unusual fluctuations in stock price and trading volume, trading will resume on November 12th.
Zhongsheng HLDG (00881) announced that the board of directors of the company has noticed the recent increase in the company's stock price and trade volume, as well as the relevant network news about the potential cooperation and distribution of new energy vehicles under the Chongqing Sokon Industry Group Stock. The board of directors hereby points out that the company has signed a preliminary negotiation agreement with Sokon, agreeing to further discuss the cooperation and distribution of its new energy vehicles. The announcement stated that, besides the above-mentioned business opportunities, it is not aware of any reasons that may lead to the fill price and volume of the company's stock, or any information that must be disclosed to avoid false markets for the company's securities, or any according to Hong Kong Ordinance No. 571.
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