CICC Starts Hangcha Group at Outperform With 22 Yuan Price Target

01:21 AM EDT, 07/19/2024 (MT Newswires) -- CICC Starts Hangcha Group at Outperform With 22 Yuan Price

MT Newswires01:21 ET

Zhuhai Enpower Electric (300681.SZ): plans to jointly establish a joint venture with Hangcha Group to further expand business in the field of electric industrial vehicles.

On July 14th, Gelonhui reported that Zhuhai Enpower Electric (300681.SZ) signed a cooperation contract with Hangcha Group to establish Zhejiang Huahang Electric Drive Co., Ltd. together, in order to further expand their business in the field of electric industrial vehicles. The registered capital of the joint venture is 50 million RMB, with the company contributing 17.5 million RMB in cash, accounting for 35% of the registered capital, and Hangcha Group contributing 27.5 million RMB in cash, accounting for 55% of the registered capital. The management teams of both parties established the Hangzhou Hanger Enterprise Management Partnership Enterprise (hereinafter referred to as Hanger Enterprise Management) as a partnership enterprise.

Gelonghui FinanceJul 14 04:58 ET

Hangcha Group Co., Ltd's (SHSE:603298) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

It is hard to get excited after looking at Hangcha Group's (SHSE:603298) recent performance, when its stock has declined 11% over the past three months. But if you pay close attention, you might

Simply Wall StJul 11 21:04 ET

Hangcha Group (603298.SH): plans to establish Hangcha Europe Leasing Limited with the French general agent.

On July 4, Guolonghui announced that Hangcha Group (603298.SH) plans to establish Hangcha Europe Leasing Co., Ltd in France in conjunction with CAPMEUROPE, the company's general agent in France. This move is in line with the company's global business strategy to further improve its sales and rental network, expand overseas rental business, enhance its global marketing resources allocation, innovate marketing models, establish a fast and efficient financing and operational leasing system, and enhance the company's brand image. The company will hold 60% of the shares and invest 1.8 million euros, while CAPMEUROPE will hold 40% of the shares.

Gelonghui FinanceJul 4 04:40 ET

Hangcha Group (SHSE:603298) Is Doing The Right Things To Multiply Its Share Price

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and se

Simply Wall StJun 27 21:35 ET

Hangcha Group Co., Ltd (SHSE:603298) Shares Could Be 29% Below Their Intrinsic Value Estimate

Key Insights Using the 2 Stage Free Cash Flow to Equity, Hangcha Group fair value estimate is CN¥28.28 Hangcha Group is estimated to be 29% undervalued based on current share price of CN¥20.06 Th

Simply Wall StJun 14 18:26 ET