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China's EV Demand, Prices May Trend Lower in the First Quarter -- Market Talk
Hong Kong stocks are fluctuating | Car Dealers continue their downward trend, with Porsche planning to reduce the number of domestic dealers to 100. Institutions are Bullish on the Industry's transition to electric vehicle distribution.
Car Dealers continue to decline, as of the time of this report, YONGDA AUTO (03669) fell 11.48%, trading at HKD 2.39; ZHENGTONGAUTO (01728) fell 8%, trading at HKD 0.069; ZHONGSHENG HLDG (00881) fell 3.6%, trading at HKD 12.84; MEIDONG AUTO (01268) fell 2.84%, trading at HKD 2.05.
Zhongsheng Group Holdings (HKG:881) Sheds HK$1.5b, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years
HK stocks moving | ZHONGSHENG HLDG (00881) is currently down over 4%. January Autos sales may significantly decline month-on-month. Dealers' profitability and liquidity issues remain severe.
ZHONGSHENG HLDG (00881) is currently down more than 4%, as of the time of writing, falling by 4.68% to 13.04 Hong Kong dollars, with a transaction amount of 93.2646 million Hong Kong dollars.
Is Now An Opportune Moment To Examine Zhongsheng Group Holdings Limited (HKG:881)?
Hong Kong stocks are moving | Car dealers are rising sharply, grand baoxin (01293) is currently up nearly 85%. Luxury car dealers are collectively transforming into new energy fund.
Auto retailers experienced significant gains; as of the time of this report, grand baoxin (01293) rose by 84.78%, priced at 0.255 HKD; meidong auto (01268) increased by 10.22%, priced at 2.48 HKD; yongda auto (03669) climbed by 5%, priced at 2.31 HKD; zhongsheng hldg (00881) grew by 1.86%, priced at 17.5 HKD.
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