Jinwu Financial News | MeiDong Auto (01268) fluctuated higher in early trading. As of press release, it reported HK$3.04, up 6.67%, with a turnover of HK$12.08 million.
According to the news, the Zhongtai Securities Research Report said that the company still showed strong operational resilience, and the absorption rate of snack services reached 116.7%. The beta downturn is both a challenge and an opportunity. With its leading alpha advantage, the company is expected to survive the crisis and even achieve better growth.
The bank still believes that the future of the dealer industry exists in a market dominated by new energy vehicles, but it is difficult to predict how long this round of changes will last. The bank adjusted Meidong Auto's net profit forecast for 2024-2026 to 2.95/9.83/1,672 billion yuan (previously forecast 2024-2025 was 1,026/1,354 billion yuan). Meidong is the company with the fastest inventory turnover in the auto dealer industry. Efficient and steady operation is expected to turn the crisis into an opportunity and maintain a “gain” rating.