601377 Industrial
- 5.59
- -0.16-2.78%
Industrial News
Societe Generale Securities (601377.SH): Net profit of 1,964 million yuan in 2023, plans to distribute 10 to 1 yuan
On April 26, Ge Longhui Securities (601377.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 10.627 billion yuan; net profit attributable to shareholders of listed companies of 1,964 billion yuan; net profit attributable to shareholders of listed companies deducted 1,865 billion yuan for non-recurring profit and loss; and basic earnings per share of 0.23 yuan/share. The company plans to distribute a cash dividend of 1 yuan (tax included) for every 10 shares to all shareholders.
Not Many Are Piling Into Industrial Securities Co.,Ltd. (SHSE:601377) Just Yet
With a price-to-earnings (or "P/E") ratio of 19.6x Industrial Securities Co.,Ltd. (SHSE:601377) may be sending bullish signals at the moment, given that almost half of all companies in China have P/E
While State or Government Own 20% of Industrial Securities Co.,Ltd. (SHSE:601377), Retail Investors Are Its Largest Shareholders With 53% Ownership
Key Insights Significant control over Industrial SecuritiesLtd by retail investors implies that the general public has more power to influence management and governance-related decisions A total of
Societe Generale Securities: High-dividend assets are the target of medium- to long-term core allocation of Hong Kong stocks
Societe Generale Securities released a research report saying that China has entered a new stage of high-quality development, and the current liquidity environment is relaxed, the risk-free yield has dropped below 3%. The yield of bank wealth management products continues to decline, and high-quality assets that can provide stable and high returns are relatively scarce. As a result, high-quality value stocks with a dividend rate of 8% or higher in the Hong Kong stock market are favored. The bank said that the high-dividend strategy for Hong Kong stocks also includes “non-mainland” Hong Kong stocks. In particular, local Hong Kong stocks are worth paying attention to, such as high-quality high-dividend companies in the fields of local utilities, finance, real estate, and integrated industries in Hong Kong. Societe Generale Securities views the following: At the macro level, China enters
Societe Generale Securities: Maintaining HSBC Holdings' “Increase” Rating Proposals Focus on Further Share Buybacks
Societe Generale Securities released a research report stating that maintaining the HSBC Holdings (00005) “gain” rating, the company aims to achieve an average return on tangible equity of about 15% in 2024. According to forecasts on the day of the company's earnings release, net interest income from banking business is expected to reach at least US$41 billion in 2024. The company maintains its target dividend payout ratio of 50% in 2024. At the same time, the company announced the launch of a further share repurchase of up to 2 billion US dollars, and investors are advised to pay attention. Societe Generale Securities's main views are as follows: Net interest yield increased, and net revenue and profit both increased: as of December 31, 2023, benefiting from interest rates
Societe Generale Securities: Maintaining Sinotruk's “Buy” Rating and Market Share in the Heavy Truck Industry Continues to Increase in 2023
Societe Generale Securities released a research report stating that it maintains Sinotruk's (03808) “buy” rating and predicts revenue of 898.7/958.79/109.127 billion yuan for 2023-2025, respectively, and net profit to mother of 52.91/54.70/6.675 billion yuan respectively. Sinotruk is an excellent truck manufacturer with independent R&D and manufacturing capabilities and a complete industrial chain. The bank believes that China's high ownership of heavy trucks will boost the industry's sales center, and that the continued increase in the share of logistics vehicles will lead to a cyclical weakening of the industry. The rapid growth of overseas business helped the company break through the heavy truck industry
Weekend highlights: Risky events gathered this week! The Federal Reserve's decision hit hard, and Apple led the tech stock earnings wave, did Yellen make a statement with the intention of sending a signal of a policy shift?
For more global financial information, please go to the 7×24 hour real-time financial news last week's market review and closing: the three major stock indexes all recorded gains for the third week in a row this week, rising for the third week in the top 20 US stock turnover on January 26: Tesla recalled 2 million electric vehicles in the US, most popular Chinese securities fell by more than 40% on Friday, and Pop Culture fell more than 16% on Thursday, US gold prices rose more than 16% after GDP data, US WTI crude oil broke through 78 US dollars on Friday, and the European stock index rose 6.3%, and European stocks collectively closed up 6.3% this week 1.16% macro
Industrial SecuritiesLtd's (SHSE:601377) Earnings Trajectory Could Turn Positive as the Stock Advances 3.5% This Past Week
One of the frustrations of investing is when a stock goes down. But no-one can make money on every call, especially in a declining market. The Industrial Securities Co.,Ltd. (SHSE:601377) is down 3
CITIC Construction Investment Securities completed the issuance of 1.5 billion yuan of short-term corporate bonds
CITIC Construction Investment Securities (06066) announced that CITIC Construction Investment Securities Co., Ltd.'s 2024 public issuance of short-term corporate bonds (first issue) to professional investors ended on January 16, 2024. The actual issuance scale of the current bond (bond abbreviation: 24 Credit Investment S1, code: 240442) was 1.5 billion yuan, the final coupon interest rate was 2.52%, and the subscription ratio was 3.71 times. Fuguo Fund Management Co., Ltd., an affiliate of Haitong Securities Co., Ltd., the lead underwriter of the current bond, participated in the subscription, and the final allocation amount was 50 million yuan; China Galaxy, the lead underwriter of the current bond
Societe Generale Securities: Low-volatility dividend assets are the target of medium- to long-term core allocation of Hong Kong stocks
Societe Generale Securities released a research report saying that at this point in time, it believes that the low-wave dividend assets of Hong Kong stocks are still cost-effective to allocate. In the medium to long term, in a relatively complex domestic and international environment, assets that can provide stable high dividends are invaluable. Low-volatility dividend assets are one of the important investment strategies for allocating China's equity assets in the future. Investors are advised to allocate leading central state-owned enterprises in the fields of energy (oil, coal), telecom operators, utilities, finance, and highways based on a long-term, strict “low-wave dividend, convertible bond-like” strategy. Societe Generale Securities's main views are as follows: 1. Review: Low-wave dividend assets have continued to be revalued since 202
CICC plans to issue no more than 4 billion yuan of corporate bonds
China Financial Corporation (03908) announced that China International Finance Corporation Limited's public offering of corporate bonds of no more than 20 billion yuan (including 20 billion yuan) to professional institutional investors has obtained the China Securities Regulatory Commission's “Approval on the Registration of China International Finance Corporation Limited to the Public Issuance of Corporate Bonds to Professional Investors” (Securities Regulatory License [2023] No. 2429). The bonds were underwritten by CITIC Securities Co., Ltd., China Galaxy Securities Co., Ltd., and Societe Generale Securities Co., Ltd., of which the fourth issue scale did not exceed RMB 4 billion (including RMB 4 billion).
Sentiment Still Eluding Industrial Securities Co.,Ltd. (SHSE:601377)
Industrial Securities Co.,Ltd.'s (SHSE:601377) price-to-earnings (or "P/E") ratio of 21x might make it look like a buy right now compared to the market in China, where around half of the companies hav
Societe Generale Securities: Maintaining JD Logistics's “Accumulation” Rating with a Target Price of HK$12
According to a research report released by Societe Generale Securities, JD Logistics (02618) maintains the “increase in holdings” rating, with a target price of HK$12. The bank expects the company's revenue to grow 20% + in 2023. The adjusted net interest rate will improve year-on-year, and is expected to record an adjusted net interest rate of no more than 1%. In addition, the company's revenue from 2023-2025 is expected to reach 165.5 billion yuan, 179.6 billion yuan, and 194.7 billion yuan respectively, with growth rates of 20.4%, 8.5% and 8.4% respectively. The adjusted net profit reached 1,289 million yuan, 2,727 billion yuan and 3.427 billion yuan respectively, and the adjusted net profit margin was 0, respectively.
Societe Generale Securities (601377.SH)'s application to publicly issue no more than 20 billion yuan of corporate bonds to professional investors was approved by the China Securities Regulatory Commission
Societe Generale Securities (601377.SH) issued an announcement. The company received the China Securities Regulatory Commission's “On Agree to Xing...
Societe Generale Securities: Maintaining China Gold International's “Accumulation” Rating with a Target Price of HK$41.11
According to a research report released by Societe Generale Securities, maintaining the “increased holdings” rating of China Gold International (02099), considering that the progress of mining production is slower than expected, the previous profit forecast was lowered. Net profit for 2023-25 is estimated to be a loss of US$50 million, a profit of US$290 million, and a profit of US$310 million, respectively, with a target price of HK$41.11. The company's revenue for the first nine months fell 54% year on year to 390 million US dollars, mine operating profit fell 72% year on year to 82.27 million US dollars, and net profit of the mother recorded a loss of 7.59 million US dollars. The bank believes that the US non-farm payroll and inflation data for October were weaker than expected
Societe Generale Securities (601377.SH): The subsidiary's publicly raised securities investment fund management business qualification was approved by the Securities Regulatory Commission
Gelonghui Securities (601377.SH) announced on November 13|Societe Generale Securities () announced that recently, Xingzheng Securities Asset Management Co., Ltd. (hereinafter referred to as “Xizheng Asset Management”), a wholly-owned subsidiary of the company, received from the China Securities Regulatory Commission (“China Securities Regulatory Commission”) “Approval on Approving the Public Offering of Securities Investment Fund Management Business Qualifications of Xingzheng Securities Asset Management Co., Ltd.” (Securities Regulatory License [2023] No. 2534). The details of the approval are as follows: 1. The China Securities Regulatory Commission approved the eligibility of Xizheng Asset Management to publicly raise securities investment funds management business. II. Xingzheng Asset Management launches publicly raised securities investment funds
China Hongqiao rose 3% in the afternoon, and Societe Generale Securities maintained its buying rating
China Hongqiao (01378) rose 3% in the afternoon and is now reported at HK$7.20, with a turnover of HK$120 million. According to a research report released by Societe Generale Securities, maintaining the “buy” rating of China Hongqiao (01378), net profit is expected to increase 10.8%/9.8%/7% year on year in 2023-25 to 96.42/105.85/11.329 billion yuan, with a target price of HK$10.55.
Industrial Securities Co.,Ltd.'s (SHSE:601377) Biggest Owners Are Retail Investors Who Got Richer After Stock Soared 3.2% Last Week
Key Insights Significant control over Industrial SecuritiesLtd by retail investors implies that the general public has more power to influence management and governance-related decisions The top 25
Societe Generale Securities (601377.SH): Issuance of no more than 3 billion yuan of perpetual secondary corporate bonds was registered and approved by the Securities Regulatory Commission
Gelonghui, November 2, Societe Generale Securities (601377.SH) announced that the company has received the China Securities Regulatory Commission's “Approval for the Public Issuance of Perpetual Secondary Company Bonds Registration to Professional Investors by Societe Generale Securities Co., Ltd.” (Securities Regulatory License (2023) No. 2370). The content of the approval is as follows: 1. Agree to the registration application of the company to publicly issue perpetual secondary corporate bonds with a total face value of not more than 3 billion yuan to professional investors. 2. The issuance of perpetual secondary corporate bonds should be carried out in strict accordance with the prospectus submitted to the Shanghai Stock Exchange. 3. This approval is 24 from the date of consent to registration
Societe Generale Securities: Maintaining China Hongqiao's “Buy” Rating with a Target Price of HK$10.55
According to a research report released by Societe Generale Securities, maintaining the “buy” rating of China Hongqiao (01378), net profit is expected to increase 10.8%/9.8%/7% year on year in 2023-25 to 96.42/105.85/11.329 billion yuan, with a target price of HK$10.55. The bank believes that economic fundamentals have been steadily restored, that an inflection point is approaching, and that procyclical varieties are being laid out. The area completed in January-September increased 19.8% year on year. The moderate positive trend in real estate completion is expected to continue for the next 1-2 years. Currently, domestic production capacity is approaching the ceiling of the production capacity policy, and aluminum will be a more flexible product in the procyclical period under the influence of the policy
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