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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Zhongsheng Group Holdings Limited    881   KYG9894K1085

ZHONGSHENG GROUP HOLDINGS LIMITED

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Zhongsheng : to Buy Eight Companies for CNY720 Million

07/10/2020 | 05:17am EST

By Yifan Wang

Zhongsheng Group Holdings has agreed to acquire eight Chinese companies that own several Mercedes-Benz and Jaguar Land Rover dealerships for 720 million yuan ($102.9 million).

The 4S dealerships are located across China, including in the southern province of Yunnan and the eastern province of Jiangsu, Zhongsheng in a stock-exchange filing Friday.

The eight companies also own three land parcels in China with a total area of 25,300 square metres, the Hong Kong-listed luxury-car dealer said.

Zhongsheng believes the deal will strengthen its brand portfolio of luxury automobiles, expand its sales networks and increase its operational scale.

 

Write to Yifan Wang at yifan.wang@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4845 Delayed Quote.-0.49%
ZHONGSHENG GROUP HOLDINGS LIMITED -2.55% 49.6 End-of-day quote.-10.23%
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Financials
Sales 2020 136 B 20 952 M 20 952 M
Net income 2020 5 314 M 820 M 820 M
Net Debt 2020 16 979 M 2 620 M 2 620 M
P/E ratio 2020 18,3x
Yield 2020 1,13%
Capitalization 94 625 M 14 599 M 14 600 M
EV / Sales 2020 0,82x
EV / Sales 2021 0,71x
Nbr of Employees 31 803
Free-Float 22,6%
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Technical analysis trends ZHONGSHENG GROUP HOLDINGS LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 23
Average target price 55,62 CNY
Last Close Price 41,47 CNY
Spread / Highest target 107%
Spread / Average Target 34,1%
Spread / Lowest Target -11,6%
EPS Revisions
Managers and Directors
NameTitle
Guo Qiang Li President, Chief Executive Officer & Vice Chairman
Yi Huang Chairman
Guo Hui Li Joint Chief Financial Officer & Executive Director
Qing Shan Du Executive Director & Deputy General Manager
Jin Jun Shen Independent Non-Executive Director
Sector and Competitors