Tianfeng Securities: Optimistic about Haichang Ocean Park's growth space and maintains a buying rating

Recently, Tianfeng Securities released the Haichang Ocean Park (02255.HK) review report. The summary of the research report is as follows: Incident: The company published its annual report for 23 years. Revenue of 1,817 million yuan/yoy +129.1% was achieved in '23, a recovery of 64.8% compared to '19; net profit to mother was 197 million yuan, which was a sharp narrowing compared to the same period in '22; and adjusted EBITDA profit of 459 million yuan, a significant improvement from negative to positive in '22. Various business segments continued to recover. (1) Park operation business: Until the end of '23, the company co-owned

新浪港股May 10 05:35 ET

Tianfeng Securities: Initial “buy” rating target price of HK$1.53-2.03 for GCL Technology

According to a research report released by Tianfeng Securities, the first “buy” rating was given to GCL Technology (03800). The estimated revenue for 2024-2026 is 287, 32.4, and 34 billion yuan, respectively, and net profit attributable to mother is 2.5, 3, and 3.8 billion yuan. Considering that the company's subsequent granular silicon market share is expected to continue to increase due to its cost advantage, the target price is HK$1.53-2.03 per share by superimposing perovskite options.

新浪港股May 8 22:48 ET

Tianfeng Securities (601162.SH) announced its 2023 annual results, with net profit of 307 million yuan, turning a year-on-year loss into a profit

Tianfeng Securities (601162.SH) announced its 2023 annual results, with operating revenue of 3.427 billion yuan, the same...

Zhitong FinanceApr 29 10:37 ET

Tianfeng Securities: Target price of HK$17.2 for the “buy” rating for China Tobacco Hong Kong

Tianfeng Securities released a research report stating that according to the “buy” rating for China Tobacco Hong Kong (06055), the 2024/25/26 revenue is expected to be HK$136.36/152.77/HK$17.197 billion and net profit of HK$695/7.78/HK$913 million. The company is the exclusive international business platform of the China Tobacco system, with a target price of HK$17.2. The bank believes that the company relies on China Tobacco Group and has significant barriers. It is currently the exclusive international business platform under China Tobacco. It is scarce, and is expected to become a direct beneficiary of the development and transformation of China's tobacco industry. According to the report, China's tobacco production

新浪港股Apr 16 22:19 ET

Tianfeng Securities: Maintaining China's Hongqiao “Buy” Rating, 2023 Results Exceed Expectations

Tianfeng Securities released a research report stating that maintaining China's Hongqiao (01378) “buy” rating, considering that alumina prices have remained high since 24Q1 and the combined decline in coal prices (which are beneficial to the company), the company's net profit returned to mother in 24/25 was raised from 121.2/13.78 billion yuan to 151.62/15.552 billion yuan. The bank said that in '24, the supply and demand situation for electrolytic aluminum is expected to remain relatively good as new domestic incremental measures and inventory policies take effect, compounding supply-side constraints. The main views of Tianfeng Securities are as follows: Revenue will rise steadily in 2023, and profit will increase sharply 202

新浪港股Apr 8 23:09 ET

Tianfeng Securities: Maintaining Alibaba-SW “Buy” Ratings and Repurchase Cainiao Shares to Promote Collaboration

Tianfeng Securities released a research report stating that maintaining the Alibaba-SW (09988) “buy” rating, based on the company's emphasis on continuing to increase investment to enhance competitiveness, the revenue for the 2024-2026 fiscal year is expected to be about 938.2 billion yuan, 1.03 trillion yuan, and 1.13 trillion yuan, respectively, up 8%, 9%, and 10% from the previous year; during the period, net profit was 159.4 billion yuan, 168.3 billion yuan, and 179.5 billion yuan respectively, up 13%, 6%, and 7% year on year. According to the report, the company recently withdrew Cainiao's IPO application and plans to acquire Cainiao employees and minority shareholders' shares for 3.75 billion yuan

新浪港股Apr 8 03:44 ET