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Changes in Hong Kong stocks | Zhongsheng Holdings (00881) rose more than 7% in early trading, the effects of car companies' price-for-volume strategy showed a decline in dealers' inventory pressure
Zhongsheng Holdings (00881) rose more than 7% in early trading. As of press release, it was up 7.15% to HK$13.78, with a turnover of HK$36.48,900.
Insider Purchases Worth CN¥141.3m See Losses As Zhongsheng Group Holdings Market Value Drops To HK$31b
Insiders who bought CN¥141.3m worth of Zhongsheng Group Holdings Limited's (HKG:881) stock at an average buy price of CN¥27.03 over the last year may be disappointed by the recent 12% decrease in the
Zhongsheng Holdings (00881.HK) received an increase of 15.149,500 shares from FIL Limited
Gelonghui, April 15 | According to the latest equity disclosure data from the Stock Exchange, on April 9, 2024, Zhongsheng Holdings (00881.HK) received an increase of 15.1495 million shares from FIL Limited at an average price of HK$14.3886 per share on the market, involving approximately HK$218 million. After increasing its holdings, FIL Limited's latest shareholding was 122,545,000 shares, and the shareholding ratio increased from 4.50% to 5.14%.
Changes in Hong Kong stocks | Meidong Auto (01268) fell more than 5%, leading the decline, and the auto dealer price war dragged down the profits of dealers, and the survival status of dealers is still worrying
The Zhitong Finance App learned that car dealers have collectively declined. As of press release, Meidong Auto (01268) fell 5.5% to HK$2.92; Zhongsheng Holdings (00881) fell 5.34% to HK$14.54; and Yongda Auto (03669) fell 2.22% to HK$2.2. According to the news, the 2023 financial reports of eight Hong Kong stock car dealers have been released one after another. Among them, the net profit of 5 companies declined year-on-year in 2023. The net profit of Zhongsheng Holdings was 5,018 billion yuan, down 24.97% year on year; Yongda Auto's net profit was 586 million yuan, down 60 percent year on year.
Analysts Offer Insights on Consumer Cyclical Companies: Zhongsheng Group Holdings Ltd. (HK:0881), Aston Martin Lagonda Global Holdings Plc (GB:AML) and Delivery Hero SE (DE:DHER)
Zhongsheng Group Holdings Limited (HKG:881) Just Reported, And Analysts Assigned A HK$21.04 Price Target
The full-year results for Zhongsheng Group Holdings Limited (HKG:881) were released last week, making it a good time to revisit its performance. It looks like the results were a bit of a negativ
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