No Data
No Data
Citic Securities: Downgrade meidong auto rating to "shareholding" with a target price of 2 Hong Kong dollars.
Citic Sec released a research report stating that the rating of Meidong Auto (01268) has been downgraded from "buy" to "shareholding". Due to the pressure from industry demand in 1H24, the company's revenue forecast for 2024/2025 has been lowered to 21.82/20.833 billion yuan, with an added revenue forecast of 20.021 billion yuan for 2026. The net income forecast has been revised down to 0.059/0.28 billion yuan, with an added net income forecast of 0.312 billion yuan for 2026. Due to the company's losses in 1H24, a comparable company valuation method was chosen instead. Considering that Meidong Auto represents more luxury car brands and has higher turnover efficiency, it should benefit.
The Techrules Z9GT is officially on the market: standard equipped with advanced asia vets driving by Easysan, starting at 0.3348 million yuan.
Sina Technology News On the evening of September 23, the Tengshi autos' "D-Class Asia Vets Luxury Flagship GT" Tengshi Z9GT was officially launched. It released a total of 7 versions of models including easy triad plug-in hybrid and easy triad pure electric, which includes 2 debut models, with an official guide price ranging from 3.348 million yuan to 4.148 million yuan. Tengshi Z9GT is the first in the global to be equipped with easy triad, consisting of four core technologies: triple electric machine independent driving technology, rear wheel dual electric machine independent steering technology, VMC whole vehicle motion control technology, and full series CTB battery body integration technology. Based on the easy triad technology platform, Tengshi Z9GT has ultimate steering, round rule U-turn, and easy triad capabilities.
European stock markets fall, autos and luxury goods stocks curb optimism.
Affected by the decline in auto and luxury goods stocks, the European stock market fell on Friday, reversing the gains from the previous trading day. The STOXX Europe 600 Index closed down by 1.4%. Most sectors declined, with autos, technology, and luxury goods stocks leading the losses, while utilities and telecommunications were the only sectors to rise. On the individual stock front, the price of Mercedes-Benz fell after the luxury auto manufacturer lowered its full-year financial estimates and indicated a rapid deterioration in its business in China, signaling another blow to Germany's troubled industrial sector. Analysts at Jefferies International Ltd. and Goldman Sachs downgraded their forecasts.
The savior of Ideal has come: Can the L6 really fill the 'pit' of MEGA? | Next Generation Vehicle Research Institute
Stick to sales volume or protect profits? The dilemma facing Li Xiang, as reported by Sina Technology. From the high-speed growth in 2023 to hitting the brakes this year, MEGA has become a turning point for the development of Li Auto Inc. Li Auto Inc recently released its second quarter financial report, showing a further slowdown in revenue growth and a significant decline in net income, with the residual impact of the Ideal MEGA storm still ongoing. Overall, Li Auto Inc has compensated for the impact of the Ideal MEGA losses on sales through the Ideal L6. However, the relatively low stock price of Ideal L6 has also brought some side effects, with the gross margin of Li Auto Inc's vehicles dropping in the second quarter of this year.
When Should You Buy Deluxe Corporation (NYSE:DLX)?
Insider Buying: Deluxe Corp (DLX) President & CEO Barry McCarthy Acquires Shares
loading...
loading...