bullish•China MeiDong Auto•04 Sep 2023 23:43•Broker Report
China Meidong Auto (1268 HK) – The Worst Is Over
Porsche’s new-car gross margin appears to recover the fastest among traditional luxury brands and Meidong could benefit the most among its peers.
bearish•China MeiDong Auto•19 Jul 2023 08:24•Broker Report
China Meidong Auto (1268 HK) – 1H23E NP to Fall 23% YoY; Mixed Picture Ahead
Maintain HOLD. We project Meidong’s 1H23E net profit to fall 23% YoY to RMB 266mn, consistent with our prior estimates of RMB 250-300mn made in Apr...
bearish•China MeiDong Auto•03 Apr 2023 07:20•Broker 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...
bullish•China MeiDong Auto•03 Feb 2023 07:24•Broker 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.
bullish•China MeiDong Auto•19 Oct 2022 09:45•Broker Report