Tu Hu Car's management pointed out that the goal is to maintain the long-term opening of 0.01 million stores in the mainland, indicating the upward potential to open 0.015 million stores.
According to the Smart Finance APP, Morgan Stanley released a research report stating that the target price of Tuhu Car-W (09690), a mainland car service platform, has been raised by 4% from HKD 23 to HKD 24 to reflect faster-than-expected profit expansion. Benefiting from better supply chain management and other factors, the company's profit forecast for 2024 to 2026 has been raised by 4% to 5%, and the rating has been upgraded to "overweight".
According to a report by Morgan Stanley, Tuhu Car's management pointed out that the goal is to maintain the long-term opening of 0.01 million stores in the mainland, indicating the upward potential to open 0.015 million stores. On the other hand, the management expects that the revenue or profit of the stores in the second half of the year will improve compared to the first half of the year due to seasonal factors. This is due to profit expansion, store growth, and other factors.
