Orient: Consumer stimulus policies have been implemented, and the consumer sentiment among residents has significantly rebounded.

The trend of Consumer recovery is good, the momentum of online retail continues to be released, and the increase in Trade volume in the e-commerce Industry is strongly supported, maintaining a Bullish rating for the Industry.

Zhitong FinanceApr 20 22:29 ET

It's Down 26% But Zhongsheng Group Holdings Limited (HKG:881) Could Be Riskier Than It Looks

Simply Wall StApr 17 18:42 ET

Hong Kong stocks moved | Car Dealers/auto Retailers declined, YONGDA AUTO (03669) fell more than 4%. Morgan Stanley expects this year's dealer new car profit margins to remain at a low level.

Car dealers are declining. As of the time of this report, YONGDA AUTO (03669) has dropped by 4%, trading at 2.4 Hong Kong dollars; ZHONGSHENG HLDG (00881) has decreased by 3.74%, trading at 11.32 Hong Kong dollars.

Zhitong FinanceApr 15 22:29 ET

Morgan Stanley: The profit margins for new cars at Car Dealers/auto Retailers in the mainland are expected to hover at low levels, with ZHONGSHENG HLDG being the preferred choice.

Morgan Stanley published a Research Report stating that due to the expansion of discounts on luxury internal combustion vehicles, new car profit margins for Car Dealers last year hit a historic low in China. Looking ahead, as consumers in the Chinese market continue to prefer domestic electric vehicles over the global internal combustion engine vehicle market, the firm expects this year's new car profit margins for dealers to remain at a low level. The proposed tariffs on imported cars in the USA may make it more difficult for Chinese consumers to afford high-end models, such as the Mercedes-Benz GLE/GLS and BMW X4/6/7. The firm expressed a more Bullish outlook on ZHONGSHENG HLDG (00881) compared to MEIDONG AUTO (01268) and YONGDA AUTO (03669),

Sina Hong Kong StocksApr 15 01:49 ET

ZHONGSHENG HLDG (00881): Zheng Baochuan has been appointed as an independent non-executive Director.

ZHONGSHENG HLDG (00881) announced that Mr. Shen Jinjun has resigned as the company's independent non-executive Director, and the company's audit...

Zhitong FinanceApr 8 08:20 ET

[Brokerage Focus] HAITONG SEC gives ZHONGSHENG HLDG (00881) an "Outperform" rating, indicating that the company's used car Business scale will grow steadily with the market.

Jinwu Finance | HAITONG SEC issued a Research Report indicating that ZHONGSHENG HLDG (00881) is expected to achieve a revenue of 168.1 billion yuan in 2024, a year-on-year decrease of 6.2%, with a Net income of 3.2 billion yuan, a year-on-year decrease of 36.0%; for the first half of 2024, a revenue of 83.6 billion yuan is expected, a year-on-year decline of 16.0% and a quarter-on-quarter decrease of 1.1%, with a Net income of 1.6 billion yuan, a year-on-year decrease of 18.8% and a quarter-on-quarter increase of 3.3%. The report states that in 2024, the company is expected to achieve sales of 485,000 new vehicles, a year-on-year decline of 3.2%, corresponding to a revenue of 125.3 billion yuan, a year-on-year decrease of 10.6%, mainly due to the decline in new vehicle sales and the drop in average selling prices of new vehicles.

Jinwu Financial NewsApr 2 03:45 ET