The Zhitong Finance App learned that Tourover-W (09690) rose more than 5%. As of press release, it had risen 5.22% to HK$16.92, with a turnover of HK$9.6442 million.

Morgan Stanley released a research report stating that it raised the target price of Tourover-W for mainland auto service platform shares by 4%, from HK$23 to HK$24, to reflect a faster-than-expected profit expansion. Damo quoted Tourover's car management as saying that maintaining the long-term goal of opening 0.01 million stores in the mainland shows potential room for growth in the opening of 0.015 million stores. On the other hand, management expects store revenue or profit in the second half of the year to improve compared to the first half due to seasonal factors, due to factors such as profit expansion and store growth.

China Post Securities released a research report stating that, benefiting from scale effects, product/business structure improvements, etc., 24H1 achieved a gross profit margin of 25.9%, +1.7 pct year over year. The share of 24H1 exclusive and self-controlled products in revenue continues to rise. The bank believes that it is mainly due to product strategies that are in line with the consumer environment and trends, which is expected to give the company the ability to continuously improve its profit level.