China Southern Airlines to Double Weekly Flights to Penang Starting June 20
GEORGE TOWN (May 3): China Southern Airlines plans to double its weekly flights from Guangzhou, China to Penang, increasing from seven to 14, starting June 20.
Rongsheng, Aramco to Form Petrochemicals JV
Rongsheng Petrochemical (SHE:002493) and Saudi petrochemical giant Aramco will form a joint venture at the Saudi Aramco Jubail Refinery or SASREF, according to a press release by Aramco on April 27. U
Jefferies Adjusts NARI Technology's Price Target to 28 Yuan From 35 Yuan, Keeps at Buy
05:21 AM EDT, 05/03/2024 (MT Newswires) -- Jefferies Adjusts NARI Technology's Price Target to 28 Yuan From 35 Yuan, Keeps at Buy Price (RMB): ¥23.54, Change: ¥-0.11, Percent Change: -0.47%
Jefferies Adjusts Inner Mongolia Yili's Price Target to 34.60 Yuan From 40.90 Yuan, Keeps at Buy
Inner Mongolia Yili Industrial Group (SHA:600887) has an average rating of buy and price targets ranging from 32 yuan to 40.90 yuan, according to analysts polled by Capital IQ. Price (RMB): ¥28.61, Ch
Jefferies Adjusts Hundsun Technologies' Price Target to 26.28 Yuan From 26.70 Yuan, Keeps at Buy
Hundsun Technologies (SHA:600570) has an average rating of buy and price targets ranging from 19.40 yuan to 54 yuan, according to analysts polled by Capital IQ. Price (RMB): ¥20.61, Change: ¥-1.64, Pe
[Broker Focus] Guoxin Securities maintains Longyuan Electric Power (00916) “buy” rating, indicating that new energy installations are expected to reach a peak
Jinwu Financial News | According to Guoxin Securities Research, in the first quarter, Longyuan Electric (00916)'s revenue was 9.877 billion yuan (RMB, same below), up 0.10% year on year. Among them, wind power division revenue was 7.376 billion yuan, down 4.70% year on year, thermal power division revenue was 1,976 billion yuan, up 3.28% year on year, and revenue from other divisions was 525 million yuan, up 146.45% year on year. The bank expects that due to the expansion of market-based electricity transactions and the increase in affordable projects, the decline in average feed-in electricity prices for wind power and photovoltaics in the first quarter was the main reason that dragged down the company's revenue growth. According to the bank, as of the end of '23,
[Broker Focus] Guoxin Securities maintains BYD's share (01211) purchase rating and is expected to maintain its lead in competition and further expand its share
Jinwu Financial News | According to Guoxin Securities Research, BYD's (01211) results showed that the company's revenue for the first quarter of 2024 was 124.94 billion yuan (same below), up 3.97% year on year; net profit attributable to shareholders was 4.57 billion yuan, up 10.6% year on year; net profit attributable to non-shareholders was 3.75 billion yuan, up 5.2% year on year. The company's overall gross margin for the first quarter of 2024 was about 21.9%, roughly the same as the third and fourth quarters of 2023, and remained relatively high. The bank expects the company's total Q2 car sales to continue to grow rapidly. The main reasons are as follows: 1. Public
Changes in Hong Kong stocks | China Financial Services (01880) fell by more than 4% on the first day of “May 1st”, the performance of duty-free sales on the outlying islands of Hainan was lackluster compared to last year
China Free (01880) fell by more than 4%. As of press release, it was down 3.63% to HK$69.1, with a turnover of HK$793.34 million.
China's Automakers Must Adapt Quickly on the EV Boom in the Face of Regulatory Scrutiny Abroad
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
[Broker Focus] CMB International Pharmaceutical Cutting Kangde (02359) has a target price of 20.9%, which indicates that its first-quarter results were stable in a difficult environment
Jinwu Financial News | According to CMB International Development Research Report, Yao Ming Kangde (02359/603259)'s 1Q performance was stable in a difficult environment. Revenue fell 11.0% year on year to 7.98 billion yuan. Excluding COVID-19 commercialization projects, revenue fell 1.8% year on year, and adjusted non-IFRS net profit fell 18.3% year on year to 1.91 billion yuan. Management maintains the 2024 performance guidelines. Revenue is expected to reach 383 to 40.5 billion yuan. Excluding COVID-19 commercialization projects, it will increase by 2.7 to 8.6%. At the same time, the non-IFRS net interest rate is expected to remain comparable to 2023
CCB International: Maintaining Zhonglian Heavy Industries (01157) “Outperform the Market” Rating Target Price of HK$6.9
CCB International believes that the increase in the profit margin of Zhonglian Heavy Industries (01157) is sustainable, and it is expected that there will be further increases this year.
[Broker Focus] CMB International raised the target price of Zhonglian Heavy Industries (01157) by 36% and raised the rating to buy
Jinwu Financial News | CMB International Development Research Report says it is optimistic about the impressive global expansion strategy of Zoomlion Heavy Industries (01157). In terms of products, we provide a full range of machinery through an effective direct sales model, enabling Zoomlion Heavy Industries to penetrate different key overseas markets. From a regional perspective, the CCP focuses on emerging economies such as the Middle East, Central Asia, and Southeast Asia, giving priority over Europe and North America, so there is less geopolitical risk. As the share of overseas revenue rose to 48% in the first quarter of 2024 (< 10% three years ago), plus only 15% of total product sales were related to real estate investment in China (over 40% three years ago)
Agricultural Bank of China's Loans to Customers Grow to 23.86 Trillion Yuan at March-End
Agricultural Bank of China's (HKG:1288, SHA:601288) total loans and advances to customers as of the end of March amounted to 23.863 trillion yuan, the company said in its quarterly report on the Hong
Hongqiao Group (08137.HK) signed a memorandum of understanding on technical consulting services with Zangge Mining
Gelonghui May 3 丨 Hongqiao Group (08137.HK) issued an announcement. On May 3, 2024, the company and Zangge Mining (000408.SZ) signed a non-legally binding technical consulting service memorandum. The company is currently discussing and reviewing several salt lake lithium extraction projects in South America, and will require professional technical consultants to carry out project analysis and planning. Zangge Mining has experience in developing lithium salt lakes. Its self-developed process solved the problem of extracting lithium from ultra-low salt lake brine and problems such as excessive boron in salt lake lithium products, greatly improving product quality and reducing product costs. At the same time, Zangge Mining
Shanghai Baosight SoftwareLtd (SHSE:600845) Ticks All The Boxes When It Comes To Earnings Growth
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage
PowerChina Starts Serbian Stadium Construction
Power Construction Corp. of China (SHA:601669) or PowerChina started the construction of Serbia's National Stadium, Xinhua reported May 1. Serbian president Aleksandar Vučić attended the stadium's g
Changes in Hong Kong stocks | CRO concept stocks fell across the board, Yakming Kangde (02359) fell more than 7%, leading the decline, and the company's profit margin for the first quarter fell short of expectations
CRO concept stocks fell across the board. As of press release, Yao Ming Kangde (02359) fell 6.47% to 36.15 yuan; Gloria Ying (06821) fell 5.33% to 63.05 yuan; Kanglong Chemical (03759) fell 4.96% to HK$9.96.
Returns On Capital At Hangzhou First Applied Material (SHSE:603806) Have Stalled
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'll want to see a proven return on capital employed (ROCE) that is inc
[Broker Focus] Damo Weisheng Jiangxi Copper Co., Ltd. (00358) target price of 2.2% is expected to be supported by rising copper prices
Jinwu Financial News | According to the Morgan Stanley Research Report, the 2024-2026 earnings forecast for Jiangxi Copper (00358) was increased by 13%, 1%, and 1% based on the 2024 copper price forecast. The target price was increased by 2.2% from HK$18.3 to HK$18.7, maintaining the “Overweight” rating. According to the bank, the basic assumption is that demand from the renewable energy market and power grids and global inflation expectations are beneficial to copper prices, and the price of copper is expected to rise to 4.38 US dollars/pound in 2024. However, the pessimistic assumption is that domestic copper demand is worse than expected, and the copper price is 3.59 US dollars/lb.
Damo: Target price for Sinopec (00386) “increase in holdings” rating lowered to HK$5
According to Damo, Sinopec's (00386) net profit forecast for the 2024-2026 fiscal year will be lowered by 4%, 7%, and 6%, respectively.