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Dongwu Securities: Jiumaojiu share repurchase shows confidence to maintain “buy” rating
Dongwu Securities released a research report saying that maintaining the “buy” rating of Jiumaojiu (09922), it is expected that the operating pace will be high before and after the 2024 full year (corresponding to the high and back of the 23-year base figure), and the net profit forecast for 2024-26 will be 6.2/7.5/860 million yuan (profit CAGR of 18% for 2024-26). The current valuation is at a historically low level, and the company will place more emphasis on shareholder returns in the future. The company believes that the recent transaction price does not reflect its intrinsic value, and plans to publicly repurchase shares in the market at a maximum amount of HK$100 million (about 1.5% of the latest market value) in due course. The company's large-scale repurchases are ahead of schedule, showing
China's Securities Watchdog Files Case Against Soochow Securities For Breaches as Private Stock Sponsor
The China Securities Regulatory Commission filed a case against Soochow Securities (SHA:601555) for lacking due diligence in its offering of private stock sponsorship to various businesses, according
Singapore Exchange Brings in CSSD Capital Markets as Issue Manager and Catalist Sponsor
Singapore Exchange (SGX:S68) brought in Soochow CSSD Capital Markets (SCCM), a wholly owned subsidiary of Soochow Securities (SHA:601555) as a newly accredited issue manager and catalist full sponsor,
While Shareholders of Soochow Securities (SHSE:601555) Are in the Red Over the Last Five Years, Underlying Earnings Have Actually Grown
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their
Dongwu Securities: Fubo Group maintains a “buy” rating with high revenue and gross profit growth in 2023
Dongwu Securities released a research report stating that it maintains the “buy” rating of Fubo Group (03738). The company's revenue in 2023 increased 39% year over year to HK$2 billion. Gross profit increased 44% year over year to HK$850 million, and gross margin increased 1.5 pct to 42.5% year over year, thanks to improved cost control capabilities and operational efficiency. Sales and marketing expenses/ R&D expenses/ administrative expenses increased by 87%/74%/25% year-on-year to HK$2.8/23/200 million respectively in 2023. The main views of Dongwu Securities are as follows: By business: Subscription service revenue increased 58 year-on-year in 2023
Dongwu Securities: Maintaining Yihai International's “Buy” Rating Product Matrix and Channel Diversification
Dongwu Securities released a research report saying that maintaining the “buy” rating of Yihai International (01579), the growth rate was positive in the beginning of 2024. There were many highlights of related party & third party business throughout the year. There is still room for improvement in profitability under product structure improvements, maintaining the profit forecast of 10.0/11.3/1.26 billion yuan in 2024-26, an increase of 17.5%/12.5%/11.4% over the previous year. The company's 2023 performance report is in line with this forecast. In 2023, the dividend rate increased sharply by 61 pct to 85%, with a total dividend of 770 million yuan, exceeding market expectations. The main opinions of Dongwu Securities are
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