Investment ratings and Target Price by China Merchants for China Automobiles and related stocks (table).

China Merchants published a research report on investment ratings and Target Prices for China Automobiles and related shares as follows: Shares | Investment Rating | Target Price (HKD) Geely Automobile (00175.HK) | Shareholding | 21.8 BYD (01211.HK) | Shareholding | 360 Xpeng Motors - W (09868.HK) | Shareholding | 73 ZHONGSHENG HLDG (00881.HK) | Shareholding | 30 FUYAO GLASS (03606.HK) | Shareholding | 73 Li Auto - W (02015.HK) |

AASTOCKSDec 16 12:19

"China Merchants Securities: Looking ahead to next year's electrification, Geely (00175.HK) is the top pick, while the new forces are Bullish on Xiaopeng (09868.HK) and Li Auto (02015.HK)".

China Merchants published a research report indicating that the automobile industry in China is advancing in electric development, with increasing competition in technology and costs. The next stage is expected to be a competition in automobile intelligence, where leading manufacturers will create a positive cycle of data, training and sales, thus establishing industry barriers.

AASTOCKSDec 16 11:53

Cui Dongshu of the China Passenger Car Association: In October, the number of imported cars in mainland China fell by 45% year-on-year and 21% month-on-month.

The Secretary-General of the China Passenger Vehicle Market Information Joint Conference, Cui Dongshu, stated through his personal WeChat public account that in October 2024, the mainland import volume of passenger vehicles was 0.044 million vehicles, a year-on-year decrease of 45% and a month-on-month decrease of 21%, marking a rare significant decline. Cui Dongshu pointed out that since 2017, the import vehicle market has been continuously shrinking, decreasing from 1.24 million vehicles to 0.8 million vehicles this year. For the first ten months of this year, the cumulative import volume was 0.58 million vehicles, a 9% year-on-year decrease. This trend is closely related to the rise of domestic automobile brands and the accelerated localization of international brands in the mainland. Additionally, with the recent years, mainland consumers' preference for domestic products.

AASTOCKSNov 29 12:03

haitong sec first gives China Resources Beer (00881.HK) a 'outperform the market' rating, bullish on new brand development and after-sales business

Haitong Securities stated in its research report that zhongsheng hldg (00881.HK) is a leading enterprise among Chinese car dealers, with sales in the first half of 2024 increasing by nearly 4% year-on-year to 0.233 million vehicles. As of the end of June, there are a total of 419 dealerships nationwide, including 269 for luxury brands and 150 for mid-to-high-end brands. Haitong pointed out that by actively expanding in central cities, zhongsheng has enhanced its risk resistance capabilities. Although new car business is under pressure, through attracting long-term customers and improving after-sales service, it has achieved basically stable mid-term revenue. Looking ahead, the bank pointed out that new energy vehicle brands are actively expanding their dealer networks.

AASTOCKSNov 26 14:15

Haitong sec: Initiated a "buy" rating on zhongsheng hldg (00881) with a fair value of HKD 22.34-25.54.

Haitong sec expects Zhongsheng's revenue for 2024, 2025, and 2026 to be 169.9, 191.7, and 218.5 billion yuan, respectively.

Zhitong FinanceNov 26 09:14 · Ratings

Zhongsheng Hldg (0881.HK): A leading car dealers/auto retailers company in China, bullish on the expansion of new brands and after-sales business driving performance improvement.

Zhongsheng HLDG is a leading company among car dealers in China.

haitong secNov 26 07:37 · Researches