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Hong Kong stocks anomaly | TuHu-W (09690) rose more than 6% in the afternoon, with a wide space in the car aftersales service market, and the company's revenue scale is expected to continue expanding.
Tuhu-W (09690) rose more than 6% in the final trading session, as of the deadline, it rose 5.56%, closing at 21.85 Hong Kong dollars, with a turnover of 25.3611 million Hong Kong dollars.
[Brokerage Focus] tianfeng Securities first gives Tuhu (09690) a 'buy' rating, pointing out that the post-car service market has vast potential.
Jingu Finance News | Tianfeng's research reports point out that Tuhu (09690) has achieved rapid expansion through an integrated online and offline service model, opening more than 400 new stores in the first half of 2024, with its service network covering the whole country. Driven by technology, in Q1 2023, the average daily service turnover per work station reached 2.2, far higher than the industry average turnover rate of 1.1 by the end of 2022. The direct sourcing and proprietary brand strategy bring high turnover and high gross margin, with 25.9% of self-owned and controlled product revenue accounting for automotive product and service revenue in 2023, and a gross margin of 25.9% in the first half of 2024. Standardized services lead to high repurchase rates, with significant user growth.
Counter-cyclical long slope thick snow track: on the eve of the explosive aftermarket for autos, recommend the leading Tu Hu-W.
Recently, Guolian Securities released a comprehensive research report on the characteristics of the US auto aftermarket and the development paths of leading companies in the industry, analyzing the similarities and differences between the auto aftermarket in China and the US, and recommending China's leading integrated online and offline car service platform, Tuhu-W (09690.HK). Guolian Securities' analysis believes that the automotive aftermarket sector shows characteristics of steady growth and counter-cyclicality. Looking at the data from the US aftermarket, the average age of vehicles is steadily increasing and irreversible, maintaining sufficient resilience even in years of declining new car sales or economic downturn, demonstrating strong counter-cyclical properties and sufficient room for growth.
Internal personnel at jd.com responded to the lawsuit by Tuhu over the 'shocking price': feeling very helpless, november 11 shopping festival-related will resolutely adhere to low stock price.
Sina Technology News On the afternoon of October 25th, it was reported by Sina Technology yesterday that the domestic car maintenance industry's two major chain brands - Tuhu Car Care and jd.com Car Care's goodwill dispute case has recently been officially heard in court. Tuhu Car Care sued jd.com Car Care for alleged unfair competition in the use of the 'Shock Tiger Price', demanding that jd.com Car Care immediately stop using the 'Shock Tiger Price' brand. The Minhang District Court in Shanghai, which accepted the case, has not yet made a ruling. On October 25th, an internal staff member of jd.com Car Care stated that jd.com Car Care had received a lawsuit notice before and had submitted sufficient evidence to the court for response. The company feels very helpless about being sued by Tuhu for the 'Shock Tiger Price'.
Exclusive | The november 11 shopping festival-related battle has begun, TuHu sues jd.com maintenance to prohibit its use of "Shaking Tiger Price", goes to court.
Sina Technology News On the evening of October 24th, Sina Technology learned that a dispute over commercial reputation between two major chain brands in the domestic car maintenance industry - Tuhu Car Maintenance and jd.com Car Maintenance - has been formally heard in court recently. Tuhu Car Maintenance sued jd.com Car Maintenance for alleged unfair competition in the use of the 'Tuhu Price,' demanding that jd.com Car Maintenance immediately stop using the 'Tuhu Price' brand. The Minhang District Court in shanghai, which accepted the case, has not yet made a judgment. It has also submitted evidence and applied for litigation preservation, according to sources. It was revealed that on the eve of this year's november 11 shopping festival-related, Tuhu Car Maintenance suddenly accelerated the case of suing jd.com Car Maintenance for damaging its commercial reputation with the 'Tuhu Price.' Before September 20th, Tuhu Car Maintenance suddenly centralized submitted nearly 8 pieces of evidence to the court.
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