[Broker Focus] China Merchants Securities first paid to Tourover (09690) strongly recommends ratings that are optimistic about company barriers and long-term growth space

Jinwu Financial News | According to the China Merchants Securities Research Report, Tourover (09690) is the largest independent online and offline automobile after-sales channel in China. Online has the largest domestic car service platform, and offline has the largest number of stores and the widest coverage of the chain car service store network in the country. The company has accumulated rich supply chain resources to build barriers based on first-mover and scale advantages, and is leading the market with a refined management system and strong brand effect. In the long run, the automotive aftermarket has broad penetration space, driven by the growth in passenger car ownership and vehicle age, increased demand for replacement products, and the development of new energy vehicles. Tourover franchisees

金吾財訊May 9 03:43 ET

Changes in Hong Kong stocks | Tourover-W rose more than 8% and was included in Hong Kong Stock Connect, and the company's operating efficiency continued to improve

The Tourover-W (09690) rose more than 8%. As of press release, it rose 8.53% to HK$23.55, with a turnover of HK$95.201,700.

Zhitong FinanceApr 30 02:52 ET

TUHU Car Inc.'s (HKG:9690) Intrinsic Value Is Potentially 99% Above Its Share Price

Key Insights The projected fair value for TUHU Car is HK$43.24 based on 2 Stage Free Cash Flow to Equity TUHU Car is estimated to be 50% undervalued based on current share price of HK$21.70 The C

Simply Wall StApr 29 21:52 ET

Hong Kong stocks closed (04.26) | Hong Kong stocks rose strongly, Hengke Index surged 13% in a single week, leading the way in technology networks, domestic housing, and brokerage stocks

The Zhitong Finance App learned that Hong Kong stocks rose strongly today, and both the Hang Seng Index and China Index hit new highs in the new year. Among them, the Hengke Index had the strongest performance, surging more than 5% during the intraday period. At the close, the Hang Seng Index rose 2.12% or 366.61 points to 17651.15 points, with a full day turnover of HK$157.242 billion; the Hang Seng State-owned Enterprises Index rose 2.44% to 6269.76 points; and the Hang Seng Technology Index rose 4.61% to 3718.27 points. This week, the Hang Seng Index rose 8.8%, the China Index rose 9.1%, and the Hengke Index climbed 13.43%. CITIC Construction Investment pointed out that the core of the recent rise in Hong Kong stocks

Zhitong FinanceApr 26 04:55 ET

[Hong Kong Stock Connect] Tourover (09690) rose 12.34% to be included in the Hong Kong Stock Connect agency, which is expected to grow into a post-auto chain giant

Jinwu Financial News | Tourover (09690) was included in the Hong Kong Stock Connect. The stock price rose in early trading and was tentatively reported at HK$22.4, up 12.34%, with a turnover of HK$656.921 million. The Shenzhen Stock Exchange announced that Tourover-W will be transferred to the Hong Kong Stock Exchange's securities list with effect from April 26, 2024. Western Securities said it believes that the current company has begun to make profits and its cash flow has been corrected as early as 21. Its unique Internet+ business model has been verified and implemented. As the company's number of stores increases, the share of its own brands increases, and its operating capacity and efficiency continue to improve, it is expected to continue to grow. The bank thinks so

金吾財訊Apr 25 21:50 ET

Changes in Hong Kong stocks | Tourover-W (09690) rose more than 5%, and the company transferred to the Hong Kong Stock Exchange Stock Exchange List

The Zhitong Finance App learned that Tourover-W (09690) rose by more than 5% and rose 5.57% at press time to HK$21.05, with a turnover of HK$20.97 million. According to the news, the Shenzhen Stock Exchange announced that Tourover-W will be transferred to Hong Kong Stock Connect's securities list with effect from April 26, 2024. Furthermore, according to the Stock Exchange data, Tourover's main shareholder, Fidelity International (FIL Limited) increased its shareholding of Tourover's common shares by 12.3462 million shares at an average price of HK$17.172 per share on April 17, involving approximately HK$212 million. The latest shareholding ratio was 5.49%.

Zhitong FinanceApr 25 21:35 ET