No Data
There Are Reasons To Feel Uneasy About Zhongsheng Group Holdings' (HKG:881) Returns On Capital
haitong sec: Initial rating for zhongsheng hldg is "outperform the market", with a fair value of 22.34-25.54 Hong Kong dollars.
haitong sec released a research report stating that it has initiated coverage on zhongsheng hldg (00881), with an "outperform" rating, expecting the company's revenue in 2024/25/26 to be 169.9/191.7/218.5 billion yuan respectively, net income attributable to shareholders to be 3.5/5.1/6.7 billion yuan respectively, and EPS to be 1.45/2.13/2.79 yuan respectively. The reasonable price range is 22.34-25.54 Hong Kong dollars. Key points from haitong sec include: Zhongsheng Holding is a leading enterprise among car dealers in China. According to the company's 2024 interim report, Zhongsheng has 419 dealerships nationwide, with luxury brands.
Haitong sec: Initiated a "buy" rating on zhongsheng hldg (00881) with a fair value of HKD 22.34-25.54.
Haitong sec expects Zhongsheng's revenue for 2024, 2025, and 2026 to be 169.9, 191.7, and 218.5 billion yuan, respectively.
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
No Data
