No Data
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.
Hong Kong stocks movement | YONGDA AUTO (03669) rises over 7% as the company expands its Electric Vehicles sales network; Institutions are Bullish on its cooperation prospects with Huawei.
YONGDA AUTO (03669) rose over 7%, as of the time of writing, it increased by 7.33% to 2.49 Hong Kong dollars, with a transaction amount of 13.8387 million Hong Kong dollars.
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.
China Yongda Automobiles Services Holdings Limited's (HKG:3669) Market Cap Rose HK$415m Last Week; Individual Investors Who Hold 36% Profited and so Did Insiders
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.
No Data
