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[Broker Focus] The target price of Shanghai Shengxin Oriental (09901) is still optimistic about the long-term development prospects of the industry until HK$87.1
Jinwu Financial News | According to the First Shanghai Development Research Report, as of February 29, '24, New Oriental (09901) FY24Q3 was +60.1% year-on-year to US$1.27 billion, higher than the previous company's performance guidelines (US$1,071-US$1,094 million). Net operating profit of USD 113 million, +70.6% year over year; non-GAAP operating profit of USD 141 million, +60.3% year over year; profit to mother of USD 87 million, +6.8% year over year. Non-GAAP net profit was $105 million, +9.8% YoY. The bank refers to maintaining long-term development for the industry
金吾財訊May 2 23:14 ET
First Shanghai (00227.HK) completed the sale of Shanghai Zhongchuang International Container Storage and Transportation Co., Ltd.
Gelonghui, April 29, 丨 First Shanghai (00227.HK) announced that with regard to the sale of shares of Shanghai Zhongchuang International Container Storage & Transportation Co., Ltd., in accordance with the terms and conditions of the agreement, all prerequisites for the sale have been reached and completed on April 26, 2024. Upon completion, the company no longer directly or indirectly holds any shares in the target company.
Gelonghui FinanceApr 29 05:57 ET
[Broker Focus] First, the impact of Shanghai Railway price adjustments on coal prices is limited
Jinwu Financial News | First Shanghai said that recently, China National Railway Group Co., Ltd. launched ten additional freight measures, covering marketing, policy implementation, key project development, and capacity guarantee. In order to respond positively to China Railway Group's requirements and implement various measures to increase traffic volume, several local railway bureaus and platforms have recently issued preferential coal freight policies to adjust lower freight rates by 10% to 30% according to the traffic volume ladder. The bank believes that the current price reduction policy of China Railway is mainly to attract “transit to rail” customers to fill the capacity gap in the off-season. It is expected that the actual impact of China Railway's preferential freight policy on coal prices is limited.
金吾財訊Apr 26 00:16 ET
[Broker Focus] First, Shanghai raised China's overseas development (00688) target price to HK$18.8, indicating that it is industry-leading in development and operation efficiency and profitability
Jinwu Financial News | According to the First Shanghai Development Research Report, China Overseas Development (00688) achieved contract sales of about 309.8 billion yuan in 2023, an increase of 5.1% over the previous year, ranking third in the industry and second in terms of equity sales. The overall market share increased by 0.29 ppt to 2.66%. According to the bank, the company's land storage is highly focused on high-energy cities and core regions, and has a stable operating capacity and financial structure, leading the industry in development and operation efficiency and profitability, and its market share is constantly increasing. At the same time, financing capacity and cost advantages will enable the company to obtain more high-quality soil storage and support the company's continuous improvement
金吾財訊Apr 25 00:15 ET
First Shanghai Slashes Losses in 2023
First Shanghai Investments' (HKG:0227) attributable net loss dropped by 80% to HK$11 million in the year through December 2023, from HK$56 million in 2022, according to a Monday filing with the Hong K
MT NewswiresApr 23 08:46 ET
[Broker Focus] No. 1 Shanghai's first Sagiteng Juchuang (02498) purchase rating indicates that it is in a period of rapid growth
Jinwu Financial News | According to the First Shanghai Development Research Report, in 2023, Sagiteng Juchuang (02498) achieved revenue of 1.12 billion yuan, an increase of 111.2% year on year, and the overall gross margin changed to 8.4%, mainly benefiting from the increase in ADAS lidar sales. The sales volume of automotive lidar was about 243,000 units, an increase of 558.5% year on year; ADAS product revenue reached 777 million yuan, an increase of 384.6% year on year. The scale effect brought about by improved semiconductor chip supply and demand and production expansion will improve the company's gross profit. The bank used the PS valuation method to value the company and referred to it
金吾財訊Apr 23 03:12 ET
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