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Why China MeiDong Auto Holdings Limited (HKG:1268) Could Be Worth Watching
China MeiDong Auto Holdings Limited (HKG:1268), might not be a large cap stock, but it saw significant share price movement during recent months on the SEHK, rising to highs of HK$3.33 and fallin
Changes in Hong Kong stocks | Auto dealers collectively declined, dealer inventory index rose month-on-month in April, demand for car purchases did not meet expectations in May
Auto dealers collectively declined. As of press release, Zhongsheng Holdings (00881) fell 9.07% to HK$13.84; MeiDong Auto (01268) fell 8.19% to HK$2.69; and Yongda Motor (03669) fell 5.12% to HK$2.04.
The car dealership sector was under pressure, and Zhongsheng Holdings (00881) fell 8.15%. Consumer demand for car purchases in May did not meet expectations
Jinwu Financial News | The auto dealer sector was under pressure across the board. Zhongsheng Holdings (00881) fell 8.15%, Meidong Auto (01268) fell 7.51%, Yongda (03669) fell 4.19%, Zhengtong Auto (01728) fell 2.04%, and Harmony Auto (03836) fell 1.92%. According to data from the China Automobile Dealers Association, in the third week of May (May 13 to May 19), the used car market traded an average of 60,300 vehicles per day, down 5.53% from last week, and 8% from the same period in April. The average daily trading volume of the used car market continued in May
[Hong Kong Stock Connect] MeiDong Auto (01268) rose 6.67%. Institutions expect it to survive the crisis
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 dealer industry will exist in the future in a market dominated by new energy vehicles, but it is difficult to predict how long this round of changes will last. The bank will adjust 2024-202
年報2023
Some Investors May Be Worried About China MeiDong Auto Holdings' (HKG:1268) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is to try and find a company with returns on capital employed (ROCE) that are increa
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