Gelonghui, April 13 丨 Meidong Auto (1268.HK) continued to rebound by more than 6%, rising 15% on the 3rd. It is now reported at HK$15.12, and the total market capitalization has returned to HK$20 billion. According to a report published by Daimo, Meidong Auto's stock price was adjusted after announcing profits for the second half of last year. Currently, the stock price already reflects factors such as declining profit margins. The decline in market expectations, combined with the fact that traffic in Meidong Auto stores is recovering, and Porsche's resilience to electric vehicle competition has increased the risk return ratio of this stock. The target price was raised from HK$19 to HK$20, and the rating was upgraded to “increase holdings”. The management of Meidong previously indicated that store traffic recovered well in March, but the conversion rate was still low.