BUZZ-China's Zhongsheng hits nearly 12-month high; Jefferies lifts PT after Seres deal

Reuters

Nov 11, 2024

** 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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2482527228"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2482527228\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2482527228?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 12:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482527228","market":"hk","top_or_hot":-1,"title":"BUZZ-China's Zhongsheng hits nearly 12-month high; Jefferies lifts PT after Seres deal","media":"Reuters","content":"<html><body><p>** 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</p><p>   ** Stock on course for the biggest one-day pct gain; top pct gainer in Hang Seng Index   </p><p>   ** 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</p><p>   ** Sees partnership as \"positive for Zhongsheng and we lift our earnings estimates for 2024-25\" to factor in contribution from Huawei-backed AITO</p><p>   ** Seres' Shanghai stock rises 3.1% </p><p>   ** Zhongsheng down 16.5% YTD</p><p>($1 = HK$7.7748)</p><p> (Reporting by Donny Kwok)</p><p>((donny.kwok@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-China's Zhongsheng hits nearly 12-month high; Jefferies lifts PT after Seres deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-China's Zhongsheng hits nearly 12-month high; Jefferies lifts PT after Seres deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-11 12:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** 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</p><p>   ** Stock on course for the biggest one-day pct gain; top pct gainer in Hang Seng Index   </p><p>   ** 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</p><p>   ** Sees partnership as \"positive for Zhongsheng and we lift our earnings estimates for 2024-25\" to factor in contribution from Huawei-backed AITO</p><p>   ** Seres' Shanghai stock rises 3.1% </p><p>   ** Zhongsheng down 16.5% YTD</p><p>($1 = HK$7.7748)</p><p> (Reporting by Donny Kwok)</p><p>((donny.kwok@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4139","symbol_name":"生物科技","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2482527228","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482527228","pubTimestamp":1731300221,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** 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 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4139":"生物科技","BK1520":"汽车经销商","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK1583":"高瓴概念","00881":"中升控股","BK1239":"汽车零售","MCRB":"Seres Therapeutics, Inc.","LU1102505762.USD":"富达新兴市场焦点 A","BK1589":"北水核心资产","LU0173614495.USD":"富达中国焦点A"},"translate_title":"嗡嗡声——中国众生创近12个月新高；杰富瑞(Jefferies)在Seres交易后提高PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00881":0.9,"MCRB":0.9},"content_text":"** 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))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}