MS-ZGHL@EC2605A(21528.HK)

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MS-ZGHL@EC2605A
21528.HK
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Morgan Stanley lowers the target price for mainland automobile dealers, with Zhongsheng Holdings' target price reduced to 18 yuan

Morgan Stanley lowered the target price for ZHONGSHENG HLDG to 18 yuan, citing a decline in commission income for mainland auto dealers. Although profits are recovering, they face risks. The report indicates that the profit margin for new cars in 2025 is below expectations, with profits expected to bottom out in 2025 and rebound in 2026. The target prices for YONGDA AUTO and MEIDONG AUTO have been reduced to 1.9 yuan and 1.7 yuan, respectively, with ratings both at market perform

AASTOCKS·
HK
03669
-1.90%
HK
01268
-8.61%
HK
00881
-1.24%
AASTOCKS·
HK
03669
-1.90%
HK
01268
-8.61%
HK
00881
-1.24%

Zhongsheng Group Files Director List with HKEX

Zhongsheng Group Holdings Limited has submitted an updated director list to the Hong Kong Stock Exchange. The Board includes Executive Directors Huang Yi, Li Guoqiang, Zhang Zhicheng, Tang Xianfeng, Yu Ning, and Zhou Xin; Non-executive Director Chan Ho Yin; and Independent Non-executive Directors Chin Siu Wa Alfred, Li Yanwei, Cheng Po Chuen, and Bai Fengjiu. The Board oversees six committees, with various members assigned to specific roles, including chairpersons for the Audit, Remuneration, Nomination, Compliance, and Risk Committees.

Reuters·
HK
00881
-1.24%
Reuters·
HK
00881
-1.24%

Zhongsheng Group Sets Out Board Composition and Committee Roles

Zhongsheng Group Holdings Ltd. has announced its board composition, which includes six executive directors, one non-executive director, and four independent non-executive directors. The company has also established six key committees—Audit, Remuneration, Nomination, Compliance, Risk, and Environmental, Social and Governance—to enhance corporate governance and risk management. The latest analyst rating for the stock (HK:0881) is a Hold with a price target of HK$13.00. Zhongsheng operates in the automotive dealership sector in Mainland China, focusing on mid- to high-end and luxury vehicles.

Tip Ranks·
HK
00881
-1.24%
Tip Ranks·
HK
00881
-1.24%

Zhongsheng Group Non-Executive Director Sun Yanjun Resigns for Retirement

Zhongsheng Group Holdings Ltd. announced the resignation of non-executive director Sun Yanjun, effective January 23, 2026, due to retirement and personal commitments. The company confirmed there are no disagreements with the board regarding his departure, indicating a routine governance transition. The board composition has been updated on relevant platforms. The latest analyst rating for Zhongsheng Group (HK:0881) is a Hold, with a price target of HK$13.00, and the current market cap is HK$28.75 billion.

Tip Ranks·
HK
00881
-1.24%
Tip Ranks·
HK
00881
-1.24%

Morgan Stanley: BMW China lowers suggested retail prices by up to 20%, expects dealers to benefit in the short term

Morgan Stanley's report pointed out that BMW China will reduce the suggested retail price by 10% to 20% starting from January 1, mainly targeting imported models. This move is not a price competition, as dealers have already offered discounts below the suggested retail price. The actual transaction price is expected to remain unchanged, with YONGDA AUTO, ZHONGSHENG HLDG, and MEIDONG AUTO benefiting slightly. The reduction in procurement costs will enhance the gross profit of new car sales, but future rebates may decrease

AASTOCKS·
HK
03669
-1.90%
HK
01268
-8.61%
HK
00881
-1.24%
AASTOCKS·
HK
03669
-1.90%
HK
01268
-8.61%
HK
00881
-1.24%
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