** Chinese automobiles distribution and services firm Zhongsheng Group soars as much as 31.7% to HK$20.55, highest since Nov. 21, 2023; set for fifth straight session of gain
** Stock on course for the biggest one-day pct gain; top pct gainer in Hang Seng Index
** Jefferies retains "buy", lifts PT to HK$18.10 from HK$15.20 after co's agreement with Seres to expand EV brand AITO's China stores, supporting new car sales and after-sales services
** Sees partnership as "positive for Zhongsheng and we lift our earnings estimates for 2024-25" to factor in contribution from Huawei-backed AITO
** Seres' Shanghai stock rises 3.1%
** Zhongsheng down 16.5% YTD
($1 = HK$7.7748)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.