1 Apr 2026 CMB International Global Markets | Equity Research | Company Update Meidong Auto (1268 HK) Expect profit growth in FY26-27 following 2H25 new-car GPM recovery, new HIMA stores | Target Price | HK$2.20 | | --- | --- | | (Previous TP | HK$2.80) | | Up/Downside | 57.1% | | Current Price | HK$1.40 | China Auto Ji SHI, CFA (852) 3761 8728 Maintain BUY. Despite continued industry headwinds, Meidong has maintained healthy cash flow and balance sheet, which could help it survive longer. Its 2H25 new-car ...