Deutsche Bank: Raises target price of Tuhu-W (09690) to HKD 24, rating 'shareholding'.
The management of Tuhu Car Maintenance pointed out that the long-term goal is to open 0.01 million stores in mainland China, indicating the potential for opening 0.015 million stores.
Tuhu-W (9690.HK): Seek progress while maintaining stability, crossing the cycle.
Only when the tide recedes do we know who is swimming naked. In the fast-growing industry, it is difficult to discern whether a company's rapid development is due to the prosperity of the industry or its own strong capabilities; but when the industry enters an adjustment period, slowing growth or even a decline, those companies that can surpass the industry average and maintain steady growth will appear more outstanding and precious. Influenced by the macro environment and base effect, the overall performance of the automotive aftermarket in the second quarter was relatively flat, with a 1% year-on-year decline in the number of vehicles entering the factory. The number of vehicles entering the factory in each month of the second quarter was lower than the same period last year, and also showed a monthly decline.
CICC: Maintains 'Outperform' rating on Tuhu-W (09690), with a target price of HK$24.5.
CICC believes that Tuhu-W (09690) still has a large room for improvement in profitability.
Tuhu's interim report: revenue of 7.1 billion yuan, a year-on-year increase of 9.3%, profit of 0.358 billion yuan, a year-on-year increase of 67.3%.
Tuhu Auto released its mid-year report for 2024. In the first half of the year, Tuhu Auto achieved revenue of 7.1 billion yuan (RMB, the same below), an increase of 9.3% year-on-year; adjusted net income of 0.358 billion yuan, an increase of 67.3% year-on-year.
Express News | TUHU Car Inc - Hy Rev RMB7.13 Bln Vs RMB6.52 Bln
Express News | TUHU Car Inc - Hy Profit RMB284.3 Mln
TUHU-W: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Hong Kong stocks anomaly | Tuhu-W(09690) rose more than 5% in the afternoon, and the company will release its performance on Friday. Institutions expect accelerated expansion of factory stores in the second half of the year.
At the end of trading, Tuhu-W (09690) rose more than 5%, as of press time, up 5.68%, to HKD 17.86, with a turnover of HKD 36.2733 million.
[Brokerage Focus] Sealand Securities maintains a “buy” rating on TuHu (09690), and expects its mid-term revenue to increase by 9.6% year-on-year.
Sealand Securities has released a preview of the mid-term report of Tuhu (09690), expecting the company's 2024H1 revenue to be 7.15 billion yuan, a year-on-year increase of 9.6%, with adjusted net income of about 0.34 billion yuan and a net margin of about 4.7%. The bank believes that the proportion of the company's own brand revenue will continue to increase, coupled with the expected continuous expansion of the company's revenue scale, stronger bargaining power upstream, will jointly drive up gross margins; as the company's number of stores increases, inspection efficiency will effectively improve, and store management efficiency will significantly improve, with the company's various fees expected to be improved. Due to the lacklustre performance of the automotive aftermarket, the bank has
Brokerage focuses: Zhongtai Securities maintains a "buy" rating for Tuhu (09690), indicating that its performance is expected to benefit fully from the optimization of the third-party pattern.
Zhongtai Securities issued its research report, stating that from the perspective of the industry, affected by macroeconomic conditions and base effects, the overall performance of the automotive after-sales market in the second quarter was relatively flat, with a 1% year-on-year decline in the number of cars entering the factory. From a monthly perspective, the number of cars entering the factory in each month of the second quarter was lower than the same period last year, and there was a monthly downward trend. From the perspective of the company, Tuhu (09690) has steadily promoted store opening plans in third- and fourth-tier and low-tier cities. With the expansion of stores, it is expected to steadily increase business growth. At the same time, the company continues to expand its own categories, and as the proportion of its own categories continues to increase, the scale effect enhances its bargaining power in the supply chain. It is expected that...
Tuhu-W (09690.HK) plans to hold a board of directors meeting on August 23 to approve the mid-year performance.
On August 12th, Gelonghui reported that Tu Hu-W (09690.HK) announced that it will hold a board of directors meeting on Friday, August 23, 2024 to consider and approve (including) the company and its subsidiary's mid-term performance as of June 30, 2024, as well as the proposal to distribute interim dividends (if any).
TUHU-W: DATE OF BOARD MEETING
[HK Stock Connect] Tuhu (09690) rose 6.55%. GTJA states that its operational performance is significantly stronger than the industry and expects its market share to continue to increase.
Gold Guard News | Tuhu (09690) fluctuated and strengthened. As of the time of publication, it rose 6.55% to HKD 16.6 with a turnover of HKD 30.63 million. On the news front, gtja released a research report pointing out that the company's cost-effectiveness advantage is highlighted compared to 4S stores and traditional small repair shops, thanks to its supply chain direct procurement, scale advantage and strong store management. According to F6 autos technology, the output/unit of the automobile aftermarket in 2024H1 increased by 1% year-on-year, with tire output remaining flat and maintenance output decreasing by 3% year-on-year. The operational performance of Tuhu is significantly stronger than the industry, and it is expected to continue to do so in the future.
Hong Kong stocks fluctuate | Tuhu-W (09690) rises more than 8%, IAM service providers are relatively defensive, and institutions expect it to gain more share of 4S stores.
Tuhu-W (09690) rose more than 8%. As of press time, it rose 8.34% to HKD 16.76, with a transaction volume of HKD 17.1983 million.
China Securities Regulatory Commission, National Development and Reform Commission, and National Energy Administration jointly released the Action Plan for Accelerating the Construction of a New Type of Electrical Utilities System. The total market value
State-owned Assets Supervision and Administration Commission: In the key areas of technological innovation such as satellite navigation, chips, and industrial robots, give full play to the role of block orders as the main force of central enterprise procurement and use.
Express News | Goldman Sachs Increases Long Position in TUHU Car to 5.23% on Aug 1 From 4.71% - HKEX
Brokerage gtja has upgraded its rating for Utour (09690) to shareholding, expecting it to seize more market share in 4S stores and continue to increase its market share.
According to a research report by gtja, Tuhu (09690) has prominent cost performance advantages over 4S stores and traditional independent garages due to its supply chain direct procurement, scale advantages, and strong store management. According to F6 Automotive Technology, the output value and unit sales volume of China's aftermarket will increase by 1% year-on-year in 2024H1, among which the tire output value remains flat year-on-year, while maintenance output value decreased by 3% year-on-year. The performance of medium and large chain stores is significantly better than that of small stores. Tuhu's operation performance is significantly stronger than the industry average, and it is expected to gain more market share from 4S stores and independent garages in the future, with a continuously increasing market share. The bank believes that due to the trend of cost performance consumption, the company's
TUHU Car Repurchase Its 1,374,399 A Shares for About HK$25 Million
TuHuDuo-W: The trustee purchased a total of 1.3743 million Class A shares according to the second phase's initial public offering plan.
Tu Hu-W (09690) announced that from July 19, 2024 to July 23, 2024, the trustee purchased a total of 1.3743 million Class A shares on the Stock Exchange of Hong Kong under the terms and conditions of the second phase of the initial public offering, with funds disbursed from internal resources of the company. The average cost per share of Class A shares is about HKD 18.10.
Tuhu-W (09690): The trustee purchased a total of 1.3743 million Class A shares according to the plan to purchase shares for the first time after the second public offering.
Tuhu-W (09690) announced that from July 19, 2024 to July 23, 2024, it will be entrusted...
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