Longbridge sets sail again

The automotive sector is booming, with the "old leader in automotive digitalization" CHANGJIU (06959.HK) taking over from AUTOSTREETS (02443.HK) and restarting its rally to 100?
Since the National Day holiday, $AUTOSTREETS(02443.HK) has surged from 5 to 35, a cumulative increase of 700%, completely igniting the Hong Kong stock market's automotive sector.

The first wave was led by AUTOSTREETS, but with the stock price up 7-fold from its low, the current level makes people hesitant to chase. Chasing highs now would inevitably mean buying at the peak. Today's trading volume is nearly 1.8 billion, even higher than $JD-SW(09618.HK)'s 1.4 billion, clearly indicating the final frenzy—such high volumes usually signal a sell-off.

So, for this round of the automotive sector rally, AUTOSTREETS is pretty much done. The market has now entered the second phase, with the old leader in automotive digitalization, $CHANGJIU HLDGS(06959.HK), taking the baton. After bottoming out, it surged over 30% yesterday afternoon. CHANGJIU is already a superstar meme stock this year, having risen over 17-fold. This current rally is like regrouping after a black swan event, restarting its long-term uptrend. Some bulls believe CHANGJIU's next target is to surpass its previous high, potentially reaching at least 110, eyeing a 20-fold gain.

Compared to AUTOSTREETS, which lost 140 million in the first half of the year, CHANGJIU is profitable, with interim profits up over 50% YoY. Its steady annual profits and high dividends make it a cash cow, providing fundamental support. Rumor has it that many risk-averse institutional funds have allocated to CHANGJIU.

Meanwhile, recent CCASS movements show RuiBang transferring millions of shares to XingYe last week, likely preparing for this rally. Such transfers often precede sharp price surges, suggesting CHANGJIU might go meme again—after all, it has meme stock DNA and deserves attention. After months of sideways trading at the bottom, the uptrend has finally begun. The right-side trend is clear—hold tight and hop on board.