No Data
No Data
Morgan Stanley (MS.US) reorganizes Asia PE team after senior executive retires
Chin Chou, head of private equity in Asia, and Andrew Hawkyard, the chief investment officer, will retire; Xu will lead the Chinese PE market; and the co-head of private equity in India will lead the Asian region other than China.
Damo: 50% of Great Wall Motor's non-operating income may become recurring revenue
Morgan Stanley released a research report, citing the management of Great Wall Motor (02333) to break down the non-recurring revenue of 1.2 billion yuan (same below) recorded in the first quarter of this year. Of these, 621 million yuan of government subsidies covered local tax benefits in 2023, and the remaining 600 million yuan included export tax rebates and tax subsidies for overseas production plants. Management believes that if it continues to receive domestic and foreign tax benefits, 50% of its 1.2 billion yuan non-operating income may become recurring income. According to the report, Great Wall Motor's gross profit margin for the first quarter of this year was 20%, up 4 percentage points year-on-year, and 1.6 quarter-on-quarter
Express News | Morgan Stanley Private Equity Asia Chief Executive Chin Chou to Retire, Memo Says
Express News | Morgan Stanley Private Equity Asia to Reorganise Regional Teams, Carving Out China-Focused Investment Team, Memo Says
Goldman's David Solomon Survives Vote on CEO-chair Split
Damo: Target price of HK$5 for “increase in holdings” rating for China Telecom
According to a research report released by Morgan Stanley, China Telecom (00728)'s service revenue for the first quarter of 2024 increased 5% year-on-year to 124.3 billion yuan, outperforming its peers. Among them, revenue from traditional services increased 2.6% to 85.7 billion yuan per year; revenue from industrial digitization business increased 10.6% year-on-year to 38.7 billion yuan, accounting for 31.1% of total service revenue. The Group's EBITDA for the first quarter of this year increased 3.6% year on year to 35.1 billion yuan, and net profit increased 7.7% year on year to 8.6 billion yuan. The performance was in line with expectations. The target price of Damocar remained at HK$5, with a rating of “gain”.
No Data
74093226 : $NVIDIA (NVDA.US)$