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HK Stock MarketDetailed Quotes
01268 MEIDONG AUTO
- 2.290
- -0.180-7.29%
Market Closed Dec 13 16:08 CST
3.08BMarket Cap38.17P/E (TTM)
2.440High2.270Low3.93MVolume2.440Open2.470Pre Close9.19MTurnover0.29%Turnover Ratio19.91P/E (Static)1.35BShares4.99452wk High0.56P/B3.08BFloat Cap1.54052wk Low0.04Dividend TTM1.35BShs Float47.167Historical High0.046Dividend LFY6.88%Amplitude-1.714Historical Low2.337Avg Price2000Lot Size1.57%Div YieldTTM2.01%Div Yield LFY
MEIDONG AUTO News
China MeiDong Auto Holdings Limited's (HKG:1268) Top Key Executive Fan Ye Is the Most Upbeat Insider, and Their Holdings Increased by 15% Last Week
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.
meidong auto (01268.HK) has had its shareholding reduced by 3.684 million shares by FIDELITY FUNDS.
On December 3, Gelonghui reported that according to the latest equity disclosure data from the Hong Kong Stock Exchange, on November 27, 2024, meidong auto (01268.HK) had 3.684 million shares sold by FIDELITY FUNDS in the market at an average price of HKD 2.3152 per share, involving approximately HKD 8.5292 million. After the shareholding reduction, the latest number of shares held by FIDELITY FUNDS is 94.14 million shares, and the shareholding ratio decreased from 7.27% to 6.99%.
HK stocks fluctuate | Car dealers/auto retailers see larger afternoon decline, industry experiences widespread losses, UBS Group points out that the market has overvalued the Zhongsheng AITO stores.
The car dealers expanded their declines in the afternoon. As of the time of publication, meidong auto (01268) dropped 6.11% to 2.15 HKD; zhongsheng hldg (00881) fell 3.74% to 15.96 HKD; yongda auto (03669) decreased by 1.55% to 1.9 HKD.
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.
Is There Now An Opportunity In China MeiDong Auto Holdings Limited (HKG:1268)?
Trending Industry Today: ZHONGSHENG HLDG Leads Gains In Car Dealers Stocks
Hong Kong stock market midday review | Hang Seng Index fell 0.86% in early trading, with the autos sector leading the gains
The new policy subsidies significantly boost auto consumption, and the year-end demand for car purchases will continue to be released.
MSCI global small cap stock index semi-annual adjustment: inclusion of Uutoo-W (09690), fourth paradigm (06682), exclusion of Meidong Auto (01268), etc.
On November 7, 2024, MingShine Index Company announced the semi-annual review results of the MSCI series indices.
Hong Kong stock market anomaly | Car dealers/auto retailers lead the gains, domestic passenger vehicle market price war stabilizing, reportedly some domestic silver banks have temporarily suspended the "high interest high return" cooperation.
Car dealers/auto retailers lead in gains. As of the time of publication, Meidong Auto (01268) rose by 5.63%, to HK$2.44; Zhongsheng hldg (00881) rose by 4.44%, to HK$12.24; Yongda Auto (03669) rose by 3.61%, to HK$1.72.
Hong Kong stock market anomaly | autos industry chain across the board slump, Trump reiterates imposition of tariffs on Mexican autos, EU electric autos anti-subsidy case still under negotiation.
The automotive industry chain plummeted across the board, as of the time of publication, Nexteer (01316) fell 11.38%, to HKD 2.96; Xpeng Auto-W (09868) fell 8.5%, to HKD 46.3; Great Wall Motor (02333) fell 4.39%, to HKD 14.82; Meidong Auto (01268) fell 9.43%, to HKD 2.4.
Hong Kong stocks are on the move | Car dealers continue to rebound. The Association calls for relief measures to be taken, and relevant departments are investigating the financial plight of car dealers.
Car dealers continue to rebound, as of the time of publication, Meidong Auto (01268) rose by 9.01% to HK$2.42; Harmony Auto (03836) rose by 7.61% to HK$0.495; Zhongsheng Hldg (00881) rose by 7.22% to HK$11.88; Yongda Auto (03669) rose by 3.09% to HK$1.67.
Car dealers/auto retailers sector facing survival crisis: the bitter fruit of trading price for volume, the transformation path still needs to be examined.
Under multiple squeezes, it's a matter of life and death.
HK Stocks | Meidong Auto (01268) fell nearly 4%, continuous 'price war' dragging down dealers, Citigroup expects the company to lose 0.47 billion yuan this year.
meidong auto (01268) fell nearly 4%, rising over 2% in early trading. As of the press time, it fell 3.76%, to HK$2.05, with a turnover of HK$6.8547 million.
Breaking through 19,000 points! The three major stock indices in Hong Kong rose together, with the Hang Seng Index achieving its largest daily gain in over a year.
①Why did the three main stock indices in Hong Kong all strengthen today? ②How do institutions view this sharp rise? ③Why did Miniso experience a sharp drop today?
Meidong Auto [01268] is now trading at 2.01 Hong Kong dollars, with a rise of 11.05%.
As of 11:39, meidong auto [01268] reported 2.01 Hong Kong dollars, up 0.2 Hong Kong dollars or 11.05% from yesterday's closing price of 1.81 Hong Kong dollars, with a turnover of 4.6627 million Hong Kong dollars. The highest price today is 2.01 Hong Kong dollars, and the lowest price is 1.85 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price is 2.88 Hong Kong dollars, and the 50-day average price is 2.87 Hong Kong dollars. The current PE ratio is 22.76 times, and the 14-day relative strength index is 43.51.
Hong Kong stock market anomaly | Autos industry chain leads the gains. Association calls for relief for car dealers. Institutions expect sales performance in September and October to exceed expectations.
Autos industry chain leading gains, as of press time, Zhongsheng Hldg (00881) rose by 6.42%, closing at 9.62 Hong Kong dollars; Meidong Auto (01268) rose by 6.08%, closing at 1.92 Hong Kong dollars; Nio Inc-SW (09866) rose by 6.51%, closing at 42.55 Hong Kong dollars; Li Auto Inc-W (02015) rose by 4.67%, closing at 88.6 Hong Kong dollars; Xpeng-W (09868) rose by 2.28%, closing at 38.05 Hong Kong dollars.
Citic Sec: Downgrade meidong auto (01268) rating to "shareholding" with a target price of 2 Hong Kong dollars.
citic sec lowered meidong auto's 2024/2025 revenue forecasts to 21.82/20.833 billion yuan.
Citigroup: Downgrades the target price for Meidong Auto and Zhongsheng Hldg, and lowers profit forecasts.
Citigroup's research report pointed out that considering the weak macroeconomic situation and the increasing penetration rate of new energy vehicles, which puts pressure on the sales of internal combustion engine vehicles, it has lowered the profit forecast for Meidong Auto and Zhongsheng Hldg. The first choice is Zhongsheng, followed by Meidong. Citigroup expects Zhongsheng's revenue from 2021 to 2026 to reach 176.4 billion yuan, 178.8 billion yuan, and 180.9 billion yuan respectively, with net profit forecasted at 3.05 billion yuan, 4.24 billion yuan, and 5.6 billion yuan. The target price has been lowered from HKD 22.4 to HKD 15.59, maintaining a "buy" rating, with the company recording free cash flow of 1.57 billion yuan in the first half of the year, and the dividend yield expected to be 5% this year.
There May Be Some Bright Spots In China MeiDong Auto Holdings' (HKG:1268) Earnings
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Dividend stocks are stocks of companies in the HK stock market that regularly distribute dividends to shareholders, generally representing stable businesses. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in HK dividend stocks, ranked from highest to lowest based on real-time market data. Dividend stocks are stocks of companies in the HK stock market that regularly distribute dividends to shareholders, generally representing stable businesses. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in HK dividend stocks, ranked from highest to lowest based on real-time market data.
