Tuhu-W (09690) rose more than 6% at the end of trading, up 5.56% to HK$21.85, with a turnover of 25.3611 million Hong Kong dollars.
According to the Wise Finance app, Tuhu-W (09690) rose more than 6% at the end of trading, up 5.56% to HK$21.85, with a turnover of 25.3611 million Hong Kong dollars.
On the news front, on November 5th, the 7th China International Import Expo opened in Shanghai. Tuhu Car Care joined hands with four world-renowned global automotive service brands: Saudi Aramco-owned Valvoline, TotalEnergies, Champion under Dreyer & Reinbold, and Dunlop under Sumitomo Rubber, all made appearances together. It is understood that as the only automotive aftermarket service platform at this import expo, Tuhu Car Care will set up five different brand days, focusing on 'new products, new trends, new services,' deeply showcasing its strategic cooperation achievements with major international automotive service brands, and launching a series of eye-catching product and service upgrades to accelerate the development of new quality production in the automotive aftermarket.
Tianfeng Securities issued a research report pointing out that the car aftersales service market has vast space, Tuhu's rapid growth in sinking markets, revenue scale is expected to continue to expand with the increase in the number of stores, store reach improvement, service enhancement for repurchases, procurement negotiation forming a front-end price advantage, continuous improvement in product structure, annual increase in the proportion of proprietary products, expected to bring an annual increase in gross margin of 1-2 percentage points, scale, products, services forming comprehensive brand competitive advantages.