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SUN KONG HLDGS: CHANGE OF DATE OF BOARD MEETING
Bank of America Securities: Reiterates the HKEx (00388) “Buy” Rating Target Price Increase from HK$310
Bank of America Securities raised the HKEx's average daily turnover forecast for the 2024 fiscal year from $100 billion to $115 billion.
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 As a result, the new placement agreement is terminated and no longer valid, and each contracting party is not liable to any other contracting party for the new placement agreement.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)
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