EQS-News: [MeiDong Auto] Goldman Sachs initiated coverage on MeiDong Auto (1268.HK) at Buy with TP of HK$10.1
Goldman Sachs initiated coverage on MeiDong Auto (1268.HK) at Buy with TP of HK$10.1 Goldman Sachs also highlights that by representing these top brands in their traditionally under-penetrated locations, MeiDong has achieved strong pricing power in car sales, superior cash conversion, and a sticky customer retention during or even after warranty. The 12-month target price of HK$10.1 was calculated based on an equal blend of 10x 2023E P/E and 7x 2023E EV/EBITDA.
Document: http://n.eqs.com/c/fncls.ssp?u=EMKGKKOCEW Document title: [MeiDong Auto] Goldman Sachs initiated coverage on MeiDong Auto (1268.HK) at Buy with TP of HK$10.1
18/11/2019 Dissemination of a Financial Press Release, transmitted by EQS Group. |