CICC: Raises Tuhu-W (09690.HK) target price, bullish on Australia acquisition opening up overseas growth space.

Zhito Finance APP has learned that recently, CICC released a research report expressing its views on Tuhu-W's (09690.HK) announcement of the acquisition of mycar, a leading Australian auto service chain. CICC believes that this acquisition boosts market confidence and has raised its target price by 5.3% to HK$15.80, while maintaining an "Outperform" rating.