ENTITY
China MeiDong Auto

China MeiDong Auto (1268 HK)

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Analysis
Consumer DiscretionaryChina
China Meidong Auto Holdings Limited is an automobile dealership and maintenance group in China.
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bearishChina MeiDong Auto03 Apr 2023 07:20Broker Report

China Meidong Auto (1268 HK) – Lingering industry headwinds amid high valuation

We think the weak earnings in 2H22 could extend into 1H23E. Key metrics in 2H22 trailing peers. Porsche’s new-car GPM at Meidong narrowed to a...

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bullishChina MeiDong Auto03 Sep 2022 12:44

Meidong: Insights from Call with the Management for H1 2022

China MeiDong Auto presents an excellent investment opportunity, trading at 13.3x/8.1x FY22/23e, post street estimate revisions downwards with a...

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Sameer Taneja
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bullishChina MeiDong Auto03 Feb 2023 07:24Broker Report

China Meidong Auto (1268 HK) – We expect 2H22E net profit to fall 23% YoY

We believe Meidong is still best positioned among Chinese dealers with its strongest management execution and better brand mix than its peers.

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bullishChina MeiDong Auto05 Jan 2023 15:01

Meidong: Capital Raise, There's Never a Right Time

Despite its capital raise, Meidong is still a great investment, trading at a 15x/9x PE FY22e/23e, with a 5.2%/8.8% dividend yield (assuming an 80%...

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Sameer Taneja
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bullishChina MeiDong Auto04 Jan 2023 18:33

China MeiDong Auto Placement - Strong Track Record and Past Deals Have Held Up

China MeiDong Auto (1268 HK) is looking to raise US$100m via a top-up placement. In this note, we will run the deal through our ECM framework and...

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Clarence Chu
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