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TodayIR: Merrill Lynch Lifts PO of MeiDong Auto (1268.HK) as Luxury Margins Drive 2H20 Beat; Maintain Buy at HKUSD42.00


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DJ EQS-News: Merrill Lynch Lifts PO of MeiDong Auto (1268.HK) as Luxury Margins Drive 2H20 Beat; Maintain Buy at HKUSD42.00 EQS-News / 12/04/2021 / 11:46 UTC+8 Merrill Lynch Lifts PO of MeiDong Auto (1268.HK) as Luxury Margins Drive 2H20 Beat; Maintain Buy at HKUSD42.00
Merrill Lynch (BofA) further lifts its price objective for China MeiDong Auto Holdings Limited (1268.HK) to HKUSD42.00 at Buy, as luxury margins led to 2H20 outperformance. The latest price objective represents an upside of 11.9% from the closing price of HKUSD37.55 on 7th April.
On 2H20 results, BofA acknowledges MeiDong s net income was 6% ahead of its estimates, up 43% YoY to RMB450mn, despite a deeper than expected non-cash FX loss of RMB95mn. Car sales rose 25% YoY, while strong post-COVID demand helped lift 2H gross margin to 10.3% (+1.1ppts YoY) driven by the luxury car segment, plus growth in high margin after-sales service (+29% YoY). ....

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Senate heads for showdown as Reid demands GOP approve nominees - Fox News - William P.J. Lynch Jr.com


Senate heads for showdown as Reid demands GOP approve nominees – Fox Newsby wpjljron
Tuesday, July 16th, 2013.Senate heads for showdown as Reid demands GOP approve nominees – Fox NewsSenate Democrats and Republicans were heading for a showdown Tuesday morning over presidential nominees, after an all-hands-on-deck meeting the night before failed to produce a deal to avert the standoff.  Senators continue to talk, but a series of votes is set to begin at 11 a.m. ET. Senate Democratic Leader Harry Reid has issued an […]
Senate Democrats and Republicans were heading for a showdown Tuesday morning over presidential nominees, after an all-hands-on-deck meeting the night before failed to produce a deal to avert the standoff.  ....

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Migrants Mass at Serbia-Macedonia Border - Wall Street Journal - William P.J. Lynch Jr.com


Migrants Mass at Serbia-Macedonia Border – Wall Street Journalby wpjljron
Sunday, August 23rd, 2015.Migrants Mass at Serbia-Macedonia Border – Wall Street JournalThousands of migrants were gathering Sunday at the border between Macedonia and Serbia, after Macedonian officials suddenly allowed them late Saturday to cross into its territory following days of high tension and clashes. The move is likely to add to the pressure on Serbia and Hungary, two main transit countries for Middle Eastern and African […]
Thousands of migrants were gathering Sunday at the border between Macedonia and Serbia, after Macedonian officials suddenly allowed them late Saturday to cross into its territory following days of high tension and clashes. ....

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Liz Cheney says she will challenge US Sen. Mike Enzi of Wyoming in next year's ... - Washington Post - William P.J. Lynch Jr.com


Liz Cheney says she will challenge US Sen. Mike Enzi of Wyoming in next year’s … – Washington Postby wpjljron
Wednesday, July 17th, 2013.Liz Cheney says she will challenge US Sen. Mike Enzi of Wyoming in next year’s … – Washington PostRepublicans in the state rarely challenge incumbents of their own party in national office. All three members of the state’s congressional delegation and all statewide elected officials are Republican. Liz Cheney, 46, is the elder of the two Cheney daughters. Married with five children, she was a resident of Virginia until recently. She and her […]
Republicans in the state rarely challenge incumbents of their own party in national office. All three members of the state’s congressional delegation and all statewide elected officials are Republican. ....

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