600999 China Merchants
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China Merchants News
China Merchants Securities International: Maintaining Weichai Power's “Accumulation” Rating and Raising the Target Price to HK$21
China Merchants Securities International released a research report stating that it maintained Weichai Power's (02338) “gain” rating and had strong results in the first quarter. The net profit forecast for the 2024 fiscal year remained unchanged. The net profit forecast for the 2025-2026 fiscal year was raised by 5% and 9% respectively, reflecting multiple structural improvements in fundamentals driving medium- to long-term profitability. The target price increased from HK$18.2 to HK$21. The bank pointed out that the heavy truck industry is in an upward cycle. According to the First Commercial Vehicle Network, the total sales volume of the heavy truck industry increased 11% year-on-year to 360,000 vehicles in the first 4 months. In the domestic market, following passenger cars, the state's trade-in policy subsidies for old trucks
China Merchants Securities (06099) announced first-quarter results, net profit of about 2.557 billion yuan, a year-on-year decrease of 4.54%
China Merchants Securities (06099) announced results for the first quarter of 2024, with operating revenue of about 4.299 billion yuan, a year-on-year decrease...
招商證券：2024年第一季度報告
China Merchants Securities: First “Increase” Rating Target Price of HK$5.36 for Tianli International Holdings
China Merchants Securities released a research report stating that it covered Tianli International Holdings (01773) for the first time, giving it an “increase” investment rating. As a leading local education brand, the future expansion of school construction and enrollment and the development of a trusteeship model is expected to support the company to maintain rapid growth. It is optimistic about the development prospects of the private education industry and the company's diversified business growth potential driven by immediate needs. In addition, the company's strengthened shareholder returns highlights long-term operating confidence. The adjusted net profit for the 2024-2026 fiscal year is expected to be 5.3/7.2/950 million yuan, with a target price of HK$5.36 billion. The main views of China Merchants Securities are as follows: Tianli International Holdings
招商證券：2023年年度報告
Individual Investors Among China Merchants Securities Co., Ltd.'s (SHSE:600999) Largest Stockholders and Were Hit After Last Week's 4.7% Price Drop
Key Insights The considerable ownership by individual investors in China Merchants Securities indicates that they collectively have a greater say in management and business strategy The top 8 shareh
China Merchants Securities (06099.HK) plans to hold a board meeting on April 26 to approve the first quarter results
Gelonghui, April 12, 丨 China Merchants Securities (06099.HK) issued an announcement. The board meeting will be held on April 26, 2024 (Friday) to consider and approve (among other things) the unaudited first quarter results of the company and its subsidiaries for the three months ended March 31, 2024 and their announcements.
Beijing Energy International announced the conclusion of a financial advisory agreement
Beijing Energy International (00686) announced that on April 10, 2024, the fund manager, China Aviation Securities, Baoshan Energy (an indirect subsidiary of the company) and China Merchants Securities signed a financial advisory agreement 3. According to this, China Merchants Securities will be appointed as financial advisors to provide financial advisory services for the proposed REITs investment of China Aviation Baoshan Hydropower Station.
China Merchants Securities (06099.HK) plans to participate in the group performance briefing to be held at the Shanghai Stock Exchange on April 16
Gelonghui, April 10 | China Merchants Securities (06099.HK) announced that China Merchants Group Co., Ltd. (hereinafter referred to as China Merchants Group), the actual controller of China Merchants Securities Co., Ltd., will hold a “'100 Years of Investment, Enjoying the Future' China Merchants Group Listed Companies Group Collective Performance Briefing” with the aim of strengthening communication with investors and promoting the high-quality development of listed companies. Five Shanghai-listed companies under the China Merchants Group will jointly participate in the collective performance briefing held at the Shanghai Stock Exchange on the afternoon of April 16, 2024. The companies will attend the performance briefing and hold the company's cash dividend briefing at the same time.
Changes in Hong Kong stocks | China Merchants Securities (06099) rose more than 4%, leading the rise in Chinese brokerage stock market sentiment, which is expected to drive performance. Strict regulatory environment expectations have basically been digest
Chinese brokerage stocks picked up in early trading. As of press release, China Merchants Securities (06099) rose 4.12% to HK$6.06; Everbright Securities (06178) rose 4.02% to HK$5.17; GF Securities (01776) rose 3.57% to HK$7.83; and Cathay Pacific Junan (02611) rose 3.45% to HK$8.09.
China Merchants Securities: Lowering Ideal Automobile-W Target Price to HK$191, Strategic Adjustments, Pessimistic Expectations Released
China Merchants Securities released a research report stating that Ideal Automobile-W (02015)'s net profit forecast for the 2024-2026 fiscal year was lowered by 27%/35%/30%, respectively, reflecting the impact of the company's market strategy adjustments on sales. The Company's projected compound annual growth rate of non-GAAP net profit for the 2023-2026 fiscal year reached 37%, and the target price was lowered from HK$260 to HK$191. Pessimistic expectations for the company's strategic adjustments have been released. Focus on the launch of the company's blockbuster model L6 before and after the Beijing Auto Show in April. The L6 is the pillar of the company's sales growth this year. According to the report, the company delivered 29,000 new vehicles in March, compared to the same period
China Merchants Securities Reports 9% Rise in 2023 Profit as Revenue Climbs 2%
China Merchants Securities (HKG:6099, SHA:600999) posted an 8.6% jump in 2023 net profit to 8.76 billion yuan, or 0.94 yuan per share, from 8.07 billion yuan, or 0.86 yuan per share a year earlier, ac
China Merchants Securities (06099) will pay a final dividend of 2.52 yuan for every 10 shares on August 30
China Merchants Securities (06099) announced that the company will pay a final dividend for every 10 shares on August 30, 2024...
China Merchants Securities (06099) announced annual results. Net profit to mother of 8.764 billion yuan increased 8.6% year-on-year, with a cash dividend of 2.52 yuan for every 10 shares
China Merchants Securities (06099) announced results for the year ended December 31, 2023. The group obtained revenue, its...
CMSC: RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2023
China Merchants Securities: Maintaining Weichai Power's “Accumulation” Rating and Raising the Target Price to HK$18.2
China Merchants Securities released a research report stating that it maintained Weichai Power's (02338) “gain” rating and raised the Group's net profit forecast for the 2024/25 fiscal year by 48.5%/39.4%, respectively, reflecting positive effects such as benefiting from heavy trucks over the same period, gross margin being better than expected, and continued expansion of the engine business. The target price was raised from HK$15.6 to HK$18.2. According to the report, the company's net profit for the full year of last year was RMB 9.01 billion, up 83.8% year on year, slightly higher than the median performance forecast. I believe the recovery in the heavy truck industry led to impressive performance and a significant improvement in the profitability of Kaiao Group
China Merchants Securities: China Taiping's 2023 performance surpassed expectations and the 24Q1 life insurance NBV growth rate is expected to be significantly superior to that of peers
According to the 2023 annual report recently released by China's Taiping (00966), after a period of adjustments, the company's performance showed clear signs of recovery. Net profit to mother reached HK$6.19 billion, an increase of 44.1% over the previous year. The China Merchants Securities non-bank analyst team commented that its performance far exceeded market expectations. Looking at the business sector, the life insurance business, as the core of China Taiping, accounts for 92% of net operating profit. The new business value (NBV) of the life insurance business reached 8.515 billion yuan, an increase of 27.8% over the previous year. This growth trend was outstanding among peers. China Merchants Securities emphasized, 2
China Merchants Securities: Target Price Raised to HK$393 for “Increased Holdings” Rating for Tencent Holdings
China Merchants Securities released a research report stating that the 2024 and 2025 fiscal year revenue is expected to increase 10% and 11% year on year, and non-IFRS net profit is expected to increase by 14% and 16% year on year. Profit margins are expected to increase further. The non-IFRS net profit margin for fiscal year 2024 reached 27%, up 1 percentage point year on year, and the target price rose to HK$393. According to the report, the company's revenue in the last quarter increased 7% year on year, and gross margin increased 7 percentage points to 50% year on year. Thanks to the trend of the revenue structure towards high-margin business and cost control, it drove non-IFRS operations
China Merchants Securities (06099.HK) held a board meeting on March 28 to consider and approve the annual results
Glonghui, March 14 | China Merchants Securities (06099.HK) announced that the board meeting will be held on March 28, 2024 (Thursday) to consider and approve the annual results and publication of the company and its subsidiaries for the year ended 31 December 2023, as well as the proposal to pay a final dividend (if any).
CMSC: DATE OF BOARD MEETING
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