Earnings Update: Here's Why Analysts Just Lifted Their CMOC Group Limited (HKG:3993) Price Target To HK$8.68
Last week, you might have seen that CMOC Group Limited (HKG:3993) released its quarterly result to the market. The early response was not positive, with shares down 3.0% to HK$7.40 in the past week.
China Carbon Neutral Development Holds Event on Integration of Data and Green Finance
China Carbon Neutral Development Group (HKG:1372) successfully held an event in Zhengzhou to discuss various topics related to the integration of data and technology with green finance to ensure a low
Dongyue Group (00189) cancelled 521 million shares repurchased
Dongyue Group (00189) announced that on May 3, 2024, the company cancelled 521 million shares and repurchased...
[Broker Focus] Guoxin Securities maintains Longyuan Electric Power (00916) “buy” rating, indicating that new energy installations are expected to reach a peak
Jinwu Financial News | According to Guoxin Securities Research, in the first quarter, Longyuan Electric (00916)'s revenue was 9.877 billion yuan (RMB, same below), up 0.10% year on year. Among them, wind power division revenue was 7.376 billion yuan, down 4.70% year on year, thermal power division revenue was 1,976 billion yuan, up 3.28% year on year, and revenue from other divisions was 525 million yuan, up 146.45% year on year. The bank expects that due to the expansion of market-based electricity transactions and the increase in affordable projects, the decline in average feed-in electricity prices for wind power and photovoltaics in the first quarter was the main reason that dragged down the company's revenue growth. According to the bank, as of the end of '23,
[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
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.