China Securities Co., Ltd. initiates first coverage on Tuhu (09690) with a "buy" rating, indicating the company's clear growth logic for the future.

China Securities Co., Ltd. released a research report stating that Tuhu (09690) is the leading player in China's automotive aftermarket IAM market and an internet platform under the O2O model. The company's growth and expansion are focused on its stores, with a strong competitive position. China's automotive aftermarket developed earlier, and Tuhu still has plenty of room for market share growth in the future. The company's growth logic is very clear: revenue growth depends on the number of stores increasing and the future increase of revenue per store. The main space for store growth comes from sinking markets, and the increase in revenue per store relies on new stores settling as old stores, behind which lies word of mouth and repurchase. Gross margin improvement relies on.

金吾財訊Jul 8 03:47 ET

TUHU Car Board Approves Post-IPO Share Scheme; Shares Rise 4%

TUHU Car (HKG:9690) board members plan to buy up to 33 million shares under its second post-initial public offering share scheme, according to a Tuesday filing with the Hong Kong Stock Exchange. Under

MT NewswiresJun 24 23:06 ET

Tuhu-W plans to purchase shares based on the second phase of the initial public offering of existing stocks.

Tu Hu-W (09690) announced that the company intends to conduct share repurchases in the public market from time to time based on the share repurchase authorization approved by the shareholders on June 7, 2024 or any updates or renewals thereafter approved by the shareholders. From March 18, 2024 to April 22, 2024, the company has used more than HKD 204 million for share repurchases. All repurchased shares were cancelled on June 3, 2024. Recently, the board of directors has adopted the second phase of the first public offering of shares (existing shares) plan. According to the plan of the second phase of the first public offering of shares

新浪港股Jun 24 19:24 ET

TUHU Car Has Authorization to Buy Back Shares Valued Up to HK$1.0B

TUHU Car Has Authorization to Buy Back Shares Valued Up to HK$1.0B

Dow JonesJun 24 18:51 ET

TUHU Car Plans Share Repurchase in Open Market

TUHU Car Plans Share Repurchase in Open Market

Dow JonesJun 24 18:50 ET

Tuhu-W (09690.HK) plans to conduct share buybacks in the market.

On June 25th, Golonghui announced that Tuhu-W (09690.HK) plans to conduct share repurchases on the public market from time to time according to the shareholder-approved share repurchase authorization on June 7, 2024 and/or any updates or renewals approved thereafter (collectively referred to as the "Share Repurchase Authorization"). The board of directors believes that share repurchases can further demonstrate the company's confidence in its business prospects and prospects, and will ultimately benefit the company and create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to support share repurchases while maintaining a solid financial position. This will occur on March 18, 2024.

Gelonghui FinanceJun 24 18:35 ET