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
Agricultural Bank of China's Loans to Customers Grow to 23.86 Trillion Yuan at March-End
Agricultural Bank of China's (HKG:1288, SHA:601288) total loans and advances to customers as of the end of March amounted to 23.863 trillion yuan, the company said in its quarterly report on the Hong
[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
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
Damo: Target price for CNPC (00857) “increase in holdings” rating dropped slightly to HK$7.8
According to Damo, based on CNPC (00857)'s performance in the first quarter of this year, its net profit forecast for 2024 to 2026 was lowered by about 2%.
Agricultural Bank of China (HKG:1288) Sheds 4.2% This Week, as Yearly Returns Fall More in Line With Earnings Growth
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