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HK stocks moving | ZHONGSHENG HLDG (00881) is currently down over 4%. January Autos sales may significantly decline month-on-month. Dealers' profitability and liquidity issues remain severe.
ZHONGSHENG HLDG (00881) is currently down more than 4%, as of the time of writing, falling by 4.68% to 13.04 Hong Kong dollars, with a transaction amount of 93.2646 million Hong Kong dollars.
Is Now An Opportune Moment To Examine Zhongsheng Group Holdings Limited (HKG:881)?
Hong Kong stocks are moving | Car dealers are rising sharply, grand baoxin (01293) is currently up nearly 85%. Luxury car dealers are collectively transforming into new energy fund.
Auto retailers experienced significant gains; as of the time of this report, grand baoxin (01293) rose by 84.78%, priced at 0.255 HKD; meidong auto (01268) increased by 10.22%, priced at 2.48 HKD; yongda auto (03669) climbed by 5%, priced at 2.31 HKD; zhongsheng hldg (00881) grew by 1.86%, priced at 17.5 HKD.
There Are Reasons To Feel Uneasy About Zhongsheng Group Holdings' (HKG:881) Returns On Capital
haitong sec: Initial rating for zhongsheng hldg is "outperform the market", with a fair value of 22.34-25.54 Hong Kong dollars.
haitong sec released a research report stating that it has initiated coverage on zhongsheng hldg (00881), with an "outperform" rating, expecting the company's revenue in 2024/25/26 to be 169.9/191.7/218.5 billion yuan respectively, net income attributable to shareholders to be 3.5/5.1/6.7 billion yuan respectively, and EPS to be 1.45/2.13/2.79 yuan respectively. The reasonable price range is 22.34-25.54 Hong Kong dollars. Key points from haitong sec include: Zhongsheng Holding is a leading enterprise among car dealers in China. According to the company's 2024 interim report, Zhongsheng has 419 dealerships nationwide, with luxury brands.
Haitong sec: Initiated a "buy" rating on zhongsheng hldg (00881) with a fair value of HKD 22.34-25.54.
Haitong sec expects Zhongsheng's revenue for 2024, 2025, and 2026 to be 169.9, 191.7, and 218.5 billion yuan, respectively.
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