Chuangke Industrial (00669) issued 20,000 shares on May 3 under the adopted post-listing share option plan
Chuangke Industrial (00669) issued an announcement to be issued on May 3, 2024 in accordance with the adopted post-listing share option plan...
[Broker Focus] Guoxin Securities maintains BYD's share (01211) purchase rating and is expected to maintain its lead in competition and further expand its share
Jinwu Financial News | According to Guoxin Securities Research, BYD's (01211) results showed that the company's revenue for the first quarter of 2024 was 124.94 billion yuan (same below), up 3.97% year on year; net profit attributable to shareholders was 4.57 billion yuan, up 10.6% year on year; net profit attributable to non-shareholders was 3.75 billion yuan, up 5.2% year on year. The company's overall gross margin for the first quarter of 2024 was about 21.9%, roughly the same as the third and fourth quarters of 2023, and remained relatively high. The bank expects the company's total Q2 car sales to continue to grow rapidly. The main reasons are as follows: 1. Public
Hong Kong stocks closed (05.03) | Hang Seng Index closed up 1.48%, Technet stocks and gaming stocks once again strong, Fast Dog Taxi (02246) surged 1.25 times during the intraday period
Overnight, the Nasdaq China Golden Dragon Index surged 6%, driving today's technology stocks collectively higher. The Hengke Index once reached the 4,000 mark in early trading; the Hang Seng Index recorded “nine consecutive gains”, setting a record for the longest continuous rise since 2018.
CSPC Group (01093.HK) cancelled 26.628 million shares on May 3
Gelonghui, May 3, 丨 Shiyao Group (01093.HK) announced that on May 3, 2024, 26.628 million shares have been cancelled.
Yamato: Downgraded China Resources Electric Power (00836) to “hold” the target price slightly to HK$20
Yamato said that coal prices have recently rebounded, and China Resources Electric (00836) may face a high base for profit in the third quarter.
Express News | Hk’s Hang Seng Index Closes up 1.5% at 18,475.92 Points
Don't Rate Tesla's Full Self Driving Too Highly, Tech Investor Says: 'By No Means Autonomous Driving'
Mark Hawtin, GAM's investment director focused on technology, told CNBC expectations surrounding the capabilities of Tesla's Full Self Driving product in China are misleading.
China's Automakers Must Adapt Quickly on the EV Boom in the Face of Regulatory Scrutiny Abroad
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
Hang Seng Insurance Introduces FortuneLife Deferred Annuity Life Insurance Plan With Enhanced Benefit to Support Stable Retirement
HONG KONG, May 3, 2024 /PRNewswire/ -- Hang Seng Insurance announced the launch of the enhanced version of the FortuneLife Deferred Annuity Life Insurance Plan ('FortuneLife'), a Qualifying Deferred A
Domestic housing stocks mostly rose, Midea Real Estate (03990) rose 5.8% Shanghai joined the commercial housing “trade-in” queue
Jinwu Financial News | Most domestic housing stocks rose. Midea Real Estate (03990) rose 5.8%, C&D International Group (01908) rose more than 4%, China Overseas Development (00688) rose 3.73%, China Jinmao (00817), and Greentown China (03900) rose more than 2%. Shanghai joins the “trade-in” queue for commercial housing. On May 3, the Shanghai Real Estate Industry Association and the Shanghai Real Estate Agents Association jointly initiated a “trade-in” campaign for commercial housing throughout Shanghai. Through the “trade-in” model, it will be easier for residents to replace housing and better support residents' reasonable
[Broker Focus] CMB International Pharmaceutical Cutting Kangde (02359) has a target price of 20.9%, which indicates that its first-quarter results were stable in a difficult environment
Jinwu Financial News | According to CMB International Development Research Report, Yao Ming Kangde (02359/603259)'s 1Q performance was stable in a difficult environment. Revenue fell 11.0% year on year to 7.98 billion yuan. Excluding COVID-19 commercialization projects, revenue fell 1.8% year on year, and adjusted non-IFRS net profit fell 18.3% year on year to 1.91 billion yuan. Management maintains the 2024 performance guidelines. Revenue is expected to reach 383 to 40.5 billion yuan. Excluding COVID-19 commercialization projects, it will increase by 2.7 to 8.6%. At the same time, the non-IFRS net interest rate is expected to remain comparable to 2023
Citibank: The profit margin for aluminum production is expected to remain high for a long time, and the target price of China Hongqiao (01378) will be raised to HK$13.8
The Zhitong Finance App learned that Citi published a research report, gave China Hongqiao (01378) a “buy” rating and raised the target price from HK$11.5 to HK$13.8. Citi believes that due to strong demand and still tight supply, China Aluminum's profit margin may remain high for a longer period of time. Citi updated the model and improved its profit forecast for China's Hongqiao to take into account updated price and cost assumptions. Citi's profit forecast for China's Hongqiao 24E/25E is 29%/36% higher than market expectations, and market expectations are expected to generally rise in the next few months. The further rise in aluminum is also associated with potential
Changes in Hong Kong stocks | Domestic insurance stocks continued to rise, insurers NBV performed well in the first quarter, and the sector's valuation rebound is expected to continue
Domestic insurance stocks continued to rise. As of press release, Zhongan Online (06060) rose 4.33% to HK$14.46; China Taibao (02601) rose 3.89% to HK$18.7.
Changes in Hong Kong stocks | CRO concept stocks fell across the board, Yakming Kangde (02359) fell more than 7%, leading the decline, and the company's profit margin for the first quarter fell short of expectations
CRO concept stocks fell across the board. As of press release, Yao Ming Kangde (02359) fell 6.47% to 36.15 yuan; Gloria Ying (06821) fell 5.33% to 63.05 yuan; Kanglong Chemical (03759) fell 4.96% to HK$9.96.
[Special Offer V] Ye Shangzhi: Continued adjustment of capital flows on the periphery still favors Hong Kong stocks
Jinwu Financial News | On May 2, the Hong Kong stock market continued its upward trend. The Hang Seng Index broke out of an eight-wave upward trend and rose more than 440 points to close at the 18,200 point level. Calculated at the closing price, it was the first time since November 15 last year that it had returned above 18,000 points. The market volume also remained at a high level. Even though the Hong Kong Stock Connect market was suspended, it still recorded close to 120 billion yuan, higher than the daily average of 112.2 billion yuan in April, indicating that Hong Kong stocks are still in the phase of capital inflows. The situation is also favorable for further market expansion. It is beneficial for the market atmosphere to be stimulated and kept warm. The Federal Reserve announced maintenance after meeting
[Broker Focus] Motong increases HSBC Holdings (00005) target price by 6.4% to maintain “gain” rating
Jinwu Financial News | According to the Motong Research Report, the net interest income (NII) forecast for HSBC Holdings (00005) banks is now US$43.1 billion, which is more than US$41 billion higher than management's guidance. The average US interest rate forecast for 2024-2026 is 5%, 4.25%, and 4%. This year's repurchase forecast was raised from $10.5 billion to $11 billion, and a $3 billion share repurchase is expected to be announced in the second quarter results. Based on the first-quarter results of HSBC Holdings (00005), the earnings forecast per share for the 2024-2026 fiscal year was raised by 4-5%. Therefore, the target price was raised from HK$78
Changes in Hong Kong stocks | Gaming stocks continue to rise, Macau's April gaming revenue surpassed expectations, and the number of inbound visitors during the “May 1st” Golden Week was impressive
Gaming stocks continued to rise. As of press release, Galaxy Entertainment (00027) rose 4.56% to HK$37.85; MGM China (02282) rose 4.02% to HK$14.48; and Sands China (01928) rose 3.11% to HK$19.9.
Insurance stock Pusheng Sunshine Insurance (06963) rose 3.42%. Institutions say recent insurance stock adjustments clearly have plenty of room for improvement
Jinwu Financial News | Insurance stocks rose 3.42%, Sunshine Insurance (06963) rose 3.42%, Zhongan Online (06060) rose 2.6%, AIA (01299) rose 2.36%, China Taibao (02601) rose 2.11%, and China Taiping (00966) rose 2.03%. Fangzheng Securities said that recent insurance stock adjustments have been obvious. As of 4/30, PEV of the four major A-share listed life insurance companies was only 0.50 times, far lower than the historical 1-fold center, and there is plenty of room for improvement. On the asset side, economic expectations improved catalytic sector beta. Domestic economic stabilization policies continue to be introduced, and asset-side recovery is planned
Bank stocks rose collectively, Postbank (01658) rose 3.43%, and many state-owned banks disclosed mid-term dividend arrangements
Jinwu Financial News | Bank stocks rose collectively. Bank of Zhengzhou (06196) rose 3.95%, Postbank (01658) rose 3.43%, China Everbright Bank (06818) rose 3.36%, China Merchants Bank (03968) rose 3.23%, Agricultural Bank (01288) rose 2.35%, and Minsheng Bank (01988) rose 2.14%. Minsheng Securities said that several state-owned banks disclosed their mid-term dividend arrangements. On the evening of April 29, ICBC, Agricultural Bank, Bank of China Construction Bank, and Bank of Communications all disclosed the relevant arrangements for the 2024 interim profit distribution. concrete
Gaming stocks generally rose, Galaxy Entertainment (00027) rose 4.7% with 150,000 visitors on the second day of Macau's May 1st Golden Week
Jinwu Financial News | Gaming stocks generally rose. Galaxy Entertainment (00027) rose 4.7%, Sands China (01928) rose 3.89%, MGM China (02282) rose 2.87%, and Wynn Macau (01128) rose 1.72%. On the second day (2nd) of the Mainland's May 1st Golden Week, the Macau Security Police announced the number of visitors entering and leaving the country, including 150,000 inbound visitors, 74,000 entering through the border gates, and 144,000 leaving the country. Yesterday, the total number of people entering and leaving each port was 652,000. On the first day of the Mainland's May 1st Golden Week (1st), Macau recorded 12.1 inbound visitors