03908 CICC
- 9.480
- -0.140-1.46%
CICC News
Stocks of China-affiliated brokerages are rising in Hong Kong, as the Lujiazui Forum is about to be held. The process of brokerage M&A and restructuring continues to accelerate.
According to the Intelligence Finance app, China-affiliated brokerages rose in early trading. As of press time, Haitong Securities (06837) rose 3.8% to HKD 4.1; China International Capital Corporation (03908) rose 2.69% to HKD 9.56; gtja (02611) rose 2.36% to HKD 8.25; and China Galaxy (06881) rose 1.64% to HKD 4.34. On the news front, the Lujiazui Forum 2024 will be held on June 19-20, 2024. It is reported that during the Lujiazui Forum 2024, the China Securities Regulatory Commission will release relevant policies and measures for the capital markets. The CSRC will also engage with the
HK stocks surge in the afternoon with China-affiliated brokerages leading the way. Top brokerage firms have strong expectations for mergers and acquisitions. The brokerage risk control indicators are about to be revised.
According to the Zhītōng Cáijīng app, shares of China-affiliated brokerages surged in the afternoon, as of publication, Haitong Securities (06837) rose 6.61% to HKD 4.03, GTJA (02611) rose 4.76% to HKD 8.14, China Galaxy (06881) rose 4.09% to HKD 4.33, and CICC (03908) rose 3.17% to HKD 9.45. In terms of news, expectations for mergers and acquisitions in the brokerage market have increased. Recently, there have been rumors in the market that GTJA and Haitong Securities will merge. A reporter from Cailian Press called Haitong Securities as an investor and a relevant person said that the company currently has no such plan.
China-affiliated brokerage stocks strong in the afternoon, Haitong Securities (06837) rose 9.79%. Institutions indicate that the restart of mergers and acquisitions is bullish for top brokerages with deep integration capabilities.
Jinwu Finance News | China-affiliated brokerage stocks rose in the afternoon, with Haitong Securities (06837) up 9.79%, gtja (02611) up 6.44%, China Galaxy (06881) up 5.29%, Oriental Securities (03958) up 4.47%, Guolian Securities (01456) up 4.43%, Everbright Securities (06178) up 3.89%, and China International Capital Corporation (03908) up 3.82%. gtja said that highly integrated integration is conducive to producing better financial results, and it recommends top-level brokerages with deep integration capabilities. 1) "One participant, one controller" policy.
New stock news | Dida Travel passes Hong Kong Stock Exchange hearing and operates China's second largest ride-hailing platform.
According to HKEX's disclosure on June 12, Dida Inc. (referred to as Dida Chuxing below) has conducted a listing hearing on the HKEX main board, with China International Capital Corporation, Haitong International, and Nomura International as its joint sponsors.
China International Capital Corporation Limited's (HKG:3908) Market Cap Dropped HK$2.0b Last Week; Sovereign Wealth Funds Bore the Brunt
Key Insights China International Capital's significant sovereign wealth funds ownership suggests that the key decisions are influenced by shareholders from the larger public The top 4 shareholders o
CICC: Lowered Link Real Estate Investment Trust's target price by 15% to HKD 40; paying attention to the impact of changes in consumer trends on profits.
CICC released a research report stating that the target price of Link Real Estate Investment Trust (00823) has been lowered by 15% to HKD 40, reflecting the adjustment of profit forecasts and greater caution in the long-term forecast. Due to the continuous weakness of the Hong Kong retail industry, Link's forecast for DPU (distribution per unit) in 2025 is reduced by 4% to HKD 2.57, and the forecast for 2026 DPU is introduced, which is the same as the previous year. The company maintains an "outperform" rating. The report also stated that Link's fiscal year performance as of the end of March 2024 is in line with market expectations, with revenue and net property income (NPI) increasing by 11% and 9.5%, respectively, mainly benefiting from the contribution of newly acquired properties.
China International Capital Corporation (03908) will distribute a final dividend of 1.8 yuan per 10 shares on August 23.
Zhongjin Company (03908) announced in a statement on the Zhitong Finance APP that the company will distribute a final dividend of RMB 1.8 per 10 shares on August 23, 2024.
CICC: NOTICE OF ANNUAL GENERAL MEETING
CICC Corporation (03908): “23 CICC G3” will pay interest on June 6
CICC (03908) announced that China International Finance Corporation will invest in professional institutions in 2023...
Full Article | NetEase Q1 Results Conference Record: With sufficient game content reserves, promotion fees will not increase significantly
NetEase (Nasdaq: NTES; HKEX: 9999) today released its financial report for the first quarter of 2024 ending March 31: net revenue of 26.9 billion yuan, an increase of 7.2% over the previous year. Net profit was 7.6 billion yuan, compared to 6.6 billion yuan and 6.8 billion yuan for the previous quarter and the same period last year, respectively. Net profit was 8.5 billion yuan without US GAAP, compared to 7.4 billion yuan and 7.6 billion yuan for the previous quarter and the same period last year, respectively. After the financial report was released, NetEase CEO Ding Lei, Vice President of Company Development Pang Dazhi, and Vice President Hu Zhipeng, and other company executives attended the subsequent earnings conference call for interpretation
CICC: Maintaining a unified enterprise, China's “outperforming industry” rating target price rises to HK$7.5
CICC released a research report stating that it maintained the unified enterprise China (00220) “outperforming the industry” rating, raised the 2024 and 2025 profit forecasts by 11% each to RMB 1.72 billion and RMB 1.89 billion, respectively, and raised the target price by 15% to HK$7.5 billion. The company's overall revenue growth in the first quarter of 2024 was low by double digits, achieving net profit of 457 million yuan (same below), a year-on-year decrease of 6.3%. After excluding the revenue from the Hefei factory's land sale in the first quarter of the year (about 256 million yuan), comparable net profit doubled year-on-year and exceeded expectations, mainly due to an increase in gross margin that was better than expected. Should
Changes in Hong Kong stocks | Chinese brokerage stocks rose in the afternoon, and brokerage performance in the second half of the year is expected to gradually improve, and mergers, acquisitions and restructuring are still the main line of the industry du
Chinese brokerage stocks rose in the afternoon. As of press release, CITIC Securities (06030) rose 4.65% to HK$13.06; CICC (03908) rose 4.03% to HK$10.32; China Galaxy (06881) rose 4.02% to HK$4.4; and CITIC Construction Investment Securities (06066) rose 3.83% to HK$6.5.
CICC (03908.HK) plans to hold a briefing on the results and cash dividends for the first quarter of 2023 and 2024 on May 17
Gelonghui, May 9, 丨 CICC Corporation (03908.HK) announced that China International Finance Corporation (hereinafter referred to as the “Company”) has disclosed the “2023 Annual Report” and “First Quarter Report 2024” on the Shanghai Stock Exchange website (). In order to facilitate investors to have a more comprehensive and in-depth understanding of the company's performance and operations in 2023 and the first quarter of 2024, the company plans to hold a briefing session on the results and cash dividends for the first quarter of 2023 and 2024 (hereinafter referred to as the “performance briefing”) to communicate with investors to the extent permitted by information disclosure
The Three-year Loss for China International Capital (HKG:3908) Shareholders Likely Driven by Its Shrinking Earnings
China International Capital Corporation Limited (HKG:3908) shareholders should be happy to see the share price up 13% in the last month. But that cannot eclipse the less-than-impressive returns ove
[Broker Focus] Changjiang Securities maintains CICC's (03908) purchase rating. The capital business was under pressure in the first quarter
Jinwu Financial News | According to the Changjiang Securities Research Report, CICC (03908) released its 2024 quarterly report. During the reporting period, it achieved operating income of 3.87 billion yuan, -37.6% year on year, net profit to mother of 1.24 billion yuan, -45.1% year on year, and a weighted average return on net assets -1.29pct to 1.21% year over year. All of the company's businesses are under pressure. According to the bank, in the long term, the bank will continue to be optimistic that CICC will establish competitive advantages in brokerage, investment banking, asset management and trading with its excellent charging business and balance sheet application capabilities, and through customer demand business and wealth management business
[Broker Focus] Dongwu Securities maintains CICC's (03908) “buy” rating and is optimistic about its competitive barriers in investment banking and wealth management business
Jinwu Financial News | According to Dongwu Securities Research, CICC (03908) achieved total operating income of 3.874 billion yuan (RMB, same below) in 24Q1, or -37.61% year-on-year, and realized net profit of 1,239 billion yuan, or -45.13% year-on-year. According to the bank, 24Q1's self-operated business revenue (investment income - income from investment in joint ventures plus net income from changes in fair value) was RMB 1,853 billion, or -48.8% compared with the same period last year. The decline in proprietary business revenue was the main reason for the decline in the company's performance in the first quarter. We expect the company's equity to be mainly due to large market fluctuations in the first quarter
Changes in Hong Kong stocks | Chinese brokerage stocks bottom up, the State Council pushes the financial industry's national team building institutions to be optimistic about mergers, acquisitions, restructuring and ROE improvement
Chinese brokerage stocks bottomed out in early trading and rebounded, and gains expanded in late trading. As of press release, CITIC Construction Investment Securities (06066) rose 4.17% to HK$6.25; Orient Securities (03958) rose 3.68% to HK$3.38; CICC (03908) rose 2.52% to HK$9.76; and League of Nations Securities (01456) rose 2.47% to HK$3.73.
CICC (03908.HK): Received a letter of no objection to the listing and transfer of non-publicly issued corporate bonds
Gelonghui, April 30, 丨 CICC (03908.HK) issued an announcement. The company recently received the “Letter of No Objection to the Listing and Transfer of Non-public Corporate Bonds of China International Finance Co., Ltd.” (Shanghai Securities Letter (2024) No. 1228, hereinafter referred to as the “Letter of No Objection”) from the Shanghai Stock Exchange. According to the no-objection letter, the company's non-public issuance of corporate bonds totaling no more than 10 billion yuan to professional investors complies with the listing and transfer conditions of the Shanghai Stock Exchange, and the Shanghai Stock Exchange has no objection to this bond listing transfer. The letter of no objection is valid for 12 months from the date it is issued. The company can keep the letter of no objection valid for and
CICC (601995.SH): Received a letter of no objection to the listing and transfer of non-publicly issued corporate bonds
Gelonghui, April 30 | CICC (601995.SH) announced that the company recently received the “Letter of No Objection to the Listing and Transfer of China International Finance Co., Ltd. Non-public Corporate Bonds” (Shanghai Securities Letter (2024) No. 1228, referred to as the “Letter of No Objection”) from the Shanghai Stock Exchange (“Shanghai Stock Exchange”). According to the no-objection letter, the company's private issuance of corporate bonds totaling no more than 10 billion yuan to professional investors (referred to as “current bonds”) met the listing and transfer conditions of the Shanghai Stock Exchange, and the Shanghai Stock Exchange had no objection to this bond listing transfer. There are 12 letters of no objection from the date of issuance
[Broker Focus] Guotai Junan maintains CICC (03908) “increases” rating, supply-side reforms accelerate development
Jinwu Financial News | Guotai Junan released a research report showing that the net revenue of CICC (03908)'s investment business in the first quarter was -48.95% year-on-year to 1,847 billion yuan, accounting for -75.85% of the adjusted revenue increase, putting pressure on performance. The main reason for the decline in business is the year-on-year decline in return on investment compounded by a contraction in the scale of OTC derivatives and other businesses under volatile market conditions. According to the bank, the State Council stated that it will concentrate its efforts on building a “national team” for the financial industry to promote the strengthening and improvement of large state-owned financial enterprises. It is expected that supply-side reforms in the industry will accelerate, the company's capital use efficiency will be outstanding, and the advantages of various business specialization will continue to be consolidated, and it is expected that it will work
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