Bank of America Securities: Reiterates the HKEx (00388) “Buy” Rating Target Price Reduction to HK$290
Bank of America Securities expects the net profit of the Hong Kong Stock Exchange to drop 22% year-on-year to 2.7 billion yuan in the first quarter.
Shengang Holdings (08631.HK) terminates share offering and new placement agreement
Gelonghui March 27 | Shengang Holdings (08631.HK) announced the details relating to (including) the share offering. On March 27, 2024, the company and the new placement agent jointly agreed to immediately terminate the new placement agreement. As a result, the new placement agreement is terminated and no longer valid, and each contracting party is not liable to any other contracting party for the new placement agreement.
Citi: Reiterates HKDC-SS (02638) “Buy” Rating Target Price Increase to HK$5.45
The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the Hong Kong Density-SS (02638) “buy” rating and raised HK Electric's earnings test by 0.7% next year in consideration of the expansion of the asset base. Under the control agreement, the annual dividend rate from 2024 to 2028 is expected to continue to reach at least 6.7%, and the target price will increase by 0.9% to HK$5.45 from HK$5.4. According to the report, under good cost control, net profit attributable to the company's joint stock holders rose 6.8% year-on-year to 3.156 billion yuan last year, 4.6% higher than market expectations. A second interim dividend of 16.09 cents was paid in lieu of
Yamato: Reiterates the HKEx (00388) “Buy” Rating Target Price Reduction to HK$330
The Zhitong Finance App learned that Yamato released a research report stating that it reaffirmed the “buy” rating of the Hong Kong Stock Exchange (00388), lowered its adjusted revenue forecast by about 1% to 1% respectively, and lowered its net profit forecast by 8% to 13% based on increased expenses. The target price was lowered from HK$400 to HK$330, and that preparations should be made for a market rebound. The company's operating expenses increased 12% year-on-year in the fourth quarter of last year, mainly due to increased employee costs, IT expenses, and the resumption of business after the pandemic. Additionally, the company's management emphasized the growth of the London Metal Exchange (LME) business (particularly nickel)
Lyon: Reiterates the HKEx (00388) “Buy” Rating Target Price Reduction to HK$297
Lyon predicts that the earnings per share of the Hong Kong Stock Exchange for each year from 2023 to 2025 will increase by 20%, decrease by 1%, and increase by 4%, respectively.
Shengang Holdings reduced 360 million shares due to share consolidation on a “10 and 1” basis
Shengang Holdings (08631) announced a reduction of 360 million shares due to the merger of issued and unissued existing shares with a face value of HK$0.01 per 10 shares into 1 consolidated share with a face value of HK$0.1 per share.
Shengang Holdings (08631) reduced 360 million shares due to share consolidation on a “10 and 1” basis
Shengang Holdings (08631) issued an announcement due to the existing issued and unissued shares with a face value of HK$0.01 per 10 shares...
Shengang Holdings (08631): The share merger will take effect on February 19
Shengang Holdings (08631) announced that the share merger will take effect on February 19, 2024.
Goldman Sachs: Reiterates HKEx (00388) “Buy” Rating Target Price of HK$334
Goldman Sachs raised the HKEx's 2023/24 earnings per share forecast by 0.8% and 0.2%.
Dragon Tiger List | Shenzhen Stock Connect is on the list of Easton, Guangdong branch of Shengang and Gubei Road escaped from Tianfloor Zhongji Health
The top three net purchases on the Dragon Tiger list are Eston, Zhongke Magnetic, and Sinochem International
Shengang Securities: Investment opportunities at the bottom of beer valuation are approaching
Looking ahead to 24 years, the beer sector may usher in a good layout opportunity.
SUN KONG HLDGS: Interim Report 2023/2024
Shengang Holdings (08631) announced interim results, with net profit of HK$1.305 million turning a year-on-year loss into a profit
According to the Zhitong Finance App, Shengang Holdings (08631) announced its results for the six months ended September 30, 2023. The group achieved profit of HK$56.306 million, an increase of 55.38% over the previous year; profit for the period was HK$1.305 million, compared with a loss of HK$2,941 million in the same period last year; and profit per share of HK$0.33 cents. For the six months ended September 30, 2023, the Group achieved net profit of approximately HK$1.3 million, up approximately HK$4.2 million from a net loss of approximately HK$2.9 million for the six months ended September 30, 2022. The increase in net profit is mainly due to the corresponding demand for diesel in the cross-border transportation industry
SUN KONG HLDGS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
Bonded Technology (600794.SH): Plans to acquire 28.0144% of Yangshan Shengang's shares for 428 million yuan
On November 7, Gelonghui (600794.SH) announced that it has signed an “Equity Transfer Agreement” with Dongguan Yuanheng Enterprise Management Co., Ltd. and will use its own capital of 42,806 million yuan to acquire 28.0144% of the shares of Yangshan Shengang International Petroleum Storage and Transportation Co., Ltd. (“Yangshan Shengang” for short) held by Dongguan Yuanheng. According to the asset evaluation report issued by Beijing Tianyuankai Appraisal Co., Ltd., the total equity value of Yangshan Shengang's shareholders is 1,528 billion yuan. As determined by negotiations between the parties to the transaction, the current transaction price of 28.0144% of Yangshan Shengang's shares is 42,806.0
Shengang Securities: Production capacity removal is generally not changing, and the pig sector's valuation has bottomed out
The price of pigs stopped falling and stabilized.
Bonded Technology (600794.SH): Proposed acquisition of 28.0144% shares in Yangshan Shengang to further consolidate the main business and expand the scale of traditional logistics
Glonghui September 5: Bonded Technology (600794.SH) announced that in order to further consolidate its main business, expand the scale of traditional logistics, enhance the company's development momentum and industry competitiveness, and achieve the company's strategic goal of building a “first-class commodity smart logistics operator”. The company and Dongguan Yuanheng, a shareholder of Yangshan Shengang, signed a “Stock Acquisition Intent Agreement” to acquire 28.0144% of Yangshan Shengang's shares held by Dongguan Yuanheng. The pre-assessment range for the equity value of the subject matter of the transaction is RMB 420 million to RMB 504 million. The specific transaction price is determined by negotiation between the two parties after the intermediary agency issues an audit report and evaluation report.
Shengang Securities: Driven by both policy and market, the SPD industry ushered in a new round of development opportunities
Currently, the market is in a period of explosion
Sun Kong Holdings Limited's (HKG:8631) 27% Price Boost Is Out Of Tune With Revenues
Sun Kong Holdings Limited (HKG:8631) shares have continued their recent momentum with a 27% gain in the last month alone. Unfortunately, the gains of the last month did little to right the losses o
Shengang Holdings (08631) released first-quarter results, with a net profit of HK$65,000 turning a year-on-year loss into a profit
According to the Zhitong Finance App, Shengang Holdings (08631) announced the first quarter results for the three months ended June 30, 2023. The group obtained revenue of HK$31.871 million, an increase of 66.61% over the previous year; profit of HK$605,000 during the period, a loss of HK$731,000 in the same period last year; profit of HK$0.15 cents per share. The Group's gross profit increased by about HK$1.4 million or about HK$127.3% from about HK$1.1 million in the three months ending June 30, 2022 to about HK$2.5 million in the three months ending June 30, 2022. The Group's gross margin is as of June 2022
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