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MSCI global small cap stock index semi-annual adjustment: inclusion of Uutoo-W (09690), fourth paradigm (06682), exclusion of Meidong Auto (01268), etc.
On November 7, 2024, MingShine Index Company announced the semi-annual review results of the MSCI series indices.
Express News | Tu Hu jointly with Saudi Aramco Valvoline launched multiple new products globally at this Import Expo.
Hong Kong stocks anomaly | TuHu-W (09690) rose more than 6% in the afternoon, with a wide space in the car aftersales service market, and the company's revenue scale is expected to continue expanding.
Tuhu-W (09690) rose more than 6% in the final trading session, as of the deadline, it rose 5.56%, closing at 21.85 Hong Kong dollars, with a turnover of 25.3611 million Hong Kong dollars.
Express News | Tuhu Car Maintenance joins hands with internationally renowned brands to make a collective appearance at the Import Expo, bringing 4 global debut products.
[Brokerage Focus] tianfeng Securities first gives Tuhu (09690) a 'buy' rating, pointing out that the post-car service market has vast potential.
Jingwu Financial News | Tianfeng Securities issued research reports, stating that TuHu (09690) has achieved rapid expansion through an integrated online and offline service model, opening over 400 stores in the first half of 2024, with a nationwide service network coverage. Driven by technology, in 2023Q1, the average daily turnover rate per workstation reached 2.2, significantly higher than the industry average turnover rate of 1.1 by the end of 2022. Direct sourcing and proprietary brand strategy bring high turnover and high gross margin, with self-controlled product revenue accounting for 25.9% of autos products and service revenue in 2023, and a gross margin of 25.9% in the first half of 2024. Standardized services lead to high repurchase rates, with significant user growth.
Counter-cyclical long slope thick snow track: on the eve of the explosive aftermarket for autos, recommend the leading Tu Hu-W.
Recently, Guolian Securities released an in-depth research report, reviewing the characteristics of the USA automotive aftermarket and the development paths of industry-leading companies, analyzing the similarities and differences in the automotive aftermarket between China and the USA, and recommending China's leading integrated online and offline car service platform, Tuhu-W (09690.HK). Guolian Securities' analysis believes that the automotive aftermarket sector is showing steady growth and counter-cyclical characteristics. From the perspective of US aftermarket data, the average age of vehicles is steadily increasing and irreversible, demonstrating strong counter-cyclical properties and sufficient growth space, even in years of declining new car sales or economic downturn, showing resilience.
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