<div id="readability-page-1"><div><p>UBS published a research report stating that management of ZHONGSHENG HLDG (00881.HK)<span> </span><span> +0.050 (+0.821%)  </span> <span> Short selling $8.18M; Ratio 29.854%  </span>  revealed that the company will focus on adjusting and optimizing its store network this year. The company targets new car sales of approximately 500,000 units this year, broadly flat YoY. During the period, retail prices have been gradually stabilizing, but the outlook for new car profit margins remains uncertain.</p><p>Due to weaker-than-expected automobile demand since the beginning of this year and a delayed recovery in new car profit margins, the broker lowered its earnings forecasts for ZHONGSHENG HLDG for FY2026FY2028 by 12% to 13%. The TP was reduced from HKD12 to HKD10.5, while the Buy rating was maintained. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 12:25.)</p></div></div>

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<p>UBS has lowered the target price for ZHONGSHENG HLDGfrom HKD12 to HKD10.5, maintaining a Buy rating. The company plans to optimize its store network and aims for new car sales of about 500,000 units this year. However, due to weaker automobile demand and uncertain profit margins, UBS has reduced its earnings forecasts for FY2026-FY2028 by 12% to 13%.</p>

UBS Cuts ZHONGSHENG HLDG TP to HKD10.5, Focuses on Store Network Adjustment and Optimization This Year