Nomura drops HKEX target price to $507.5; rated neutral
HKEX continued to post robust revenue growth in its core businesses over 3Q, up 10.5% YoY, in line with the estimate, reported Nomura.
HKD551.1M Southbound Trading Net Inflow to LI NING
There was HKD551.1 million, HKD417.8 million and HKD270.9 million Southbound Trading net inflow to LI NING (02331.HK), CHINA RES POWER (00836.HK) and CHINA MOBILE (00941.HK).There was HKD100.4 million
Zhitong Daily Daxing Research report, Ping An Insurance (02318) has been downgraded by several major banks. Goldman Sachs Group maintains HKEx's (00388) "buy" rating.
Zhitong tip: Goldman Sachs Group said that although the sales growth of Budweiser Brewing Company APAC Limited (01876) was affected by the local epidemic, the company still achieved average price growth of medium units through a better brand portfolio. Nomura cut the net investment income of HKEx (00388) 2021 in fiscal 22 by 24.1 per cent and 33.4 per cent, resulting in a 4 per cent and 4.4 per cent reduction in profit forecasts and a target price of HK $507.5. UBS cut Ping An Insurance's (02318) earnings per share forecast for 2021-23 by 1% to 2%, and the full-year forecast for new business value fell 17%, meaning it fell 12% in the fourth quarter. According to Dama, Tao
CICC Chops HKEX (00388.HK) TP to $580 on QoQ Result In-line
HKEX (00388.HK)'s 3Q revenue came in at HK$5.3 billion, flattish YoY and up 7% QoQ, among which the revenue from its core operation hiked 10% YoY and 12% QoQ to HK$5.11 billion, in line with CICC's es
Learn about the latest ratings, target prices and opinions of securities firms after the announcement of quarterly results on the Hong Kong Stock Exchange (00388.HK).
Hong Kong Stock Exchange (00388.HK) shares held steady this morning, yesterday (27) noon announced the third quarter to the end of September results, net profit fell 3 per cent to 3.251 billion yuan, higher than the net composite seven brokerages forecast the median forecast of 3.19 billion yuan; earnings per share 2.57 yuan. Revenue and other income during the quarter reached 5.309 billion yuan year-on-year, which is similar to the median forecast of 5.336 billion yuan for the six brokerages in this network. HKEx explained that the decline in net profit during the period was mainly due to increased depreciation and amortization. The increase in the average daily turnover increases the transaction and settlement fees, but the net fair value of the collective investment plan loses 2300.
Brokers' Ratings, TPs, Views on HKEX (00388.HK) Post-QoQ Result (Table)
Brokers│Ratings│TPs (HK$)CLSA│Buy│687->640Daiwa│Buy│602CSC Financial│Buy│600Goldman Sachs│Buy│587JPMorgan│Overweight│580UBS│Buy│575Credit Suisse│Outperform│569BofA Securities│Buy│529Morgan Stanley│
New stock news | Hongcheng Environmental Protection Technology was heard by the Hong Kong Stock Exchange and earned more than 200 million yuan in 2020.
Zhitong Financial APP learned that Hongcheng Environmental Technology Co., Ltd. was listed through the Hong Kong Stock Exchange, with Shanghai as the exclusive sponsor, according to the disclosure by the HKEx on October 27th. The company is a gold mine hazardous waste treatment company located in Shandong Province, China, focusing on (I) gold mine hazardous waste treatment; and (ii) recovering and extracting economically valuable resources for sale. According to the Frost Sullivan report, the company is the second and third largest gold mine hazardous waste treatment company in Shandong Province and China respectively by 2020 earnings, accounting for about 15% and 10% market share, respectively. Calculated according to the disposal capacity of hazardous waste from gold mines
Huafang Group, the parent company of Huajiao TV, plans to be listed on the Hong Kong Stock Exchange, with Zhou Hongyi as the largest shareholder
Original title: Huajiao TV's parent company Huafang Group plans to be listed on the Hong Kong Stock Exchange. Zhou Hongyi is the largest shareholder. Huafang Group, a live broadcast platform operator, submitted a prospectus for listing in Hong Kong. Jianyin International and Haitong International are the company's co-sponsors. According to the prospectus, the chairman of the board of directors of Huafang Group is Zhou Hongyi, and Zhou Hongyi is also the largest shareholder of the company. According to the prospectus, Hua Fang Group's platform is mainly Zanthoxylum bungeanum and six rooms. Among them, Zanthoxylum bungeanum is the flagship mobile product launched in May 2015. Users can easily access the live broadcast function to watch and close.
HKEX: 1-3Q ADT Hikes 43% YoY to $180.3B, Setting New High
HKEX (00388.HK) unveiled the 1-3Q results. The ADT traded on the Stock Exchange reached $180.3 billion, up 43% YoY. Among which, the ADT of equity products amounted to $159.6 billion, up 49% YoY. Both figures logged all-time highs.
HKEX 3Q NP Down 2.9% YoY to $3.251B, vs Median Consensus $3.19B
HKEX (00388.HK) announced the result for 3Q ended 30 September 2021. The net profit slumped 2.9% YoY to $3.251 billion, ahead of the median of the forecasts by seven brokers as complied by our reporters at $3.19 billion. EPS was $2.57.