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Zhitong Hong Kong Shareholders' Rights Disclosure | March 28
According to data from the Zhitong Finance App, Edwin Group (09919) and Xinao Energy (02688) made the latest shareholders' rights disclosure on March 28, 2024. Stock Name Institutional Name Change of Nature of Shareholding Before Change of Shareholding, Shareholding after Change of Shareholding Compared with Edwin Group (09919), Liu Jinyao had a good position of 172 million shares, 172 million shares, 23.14% (latest) 23.09% (previous), Xinao Energy (02688), Zhang Yu welcomed a good position of 160,900 shares 1709 thousand shares 0.02% (latest) 0.01% (previous)
Zhitong Hong Kong Shareholders' Rights Disclosure | March 27
Disclosure of Hong Kong Stock Shareholders' Rights | March 27
[Broker Focus] Shenwan Hongyuan maintains Xinao Energy (02688)'s “buy” rating, indicating that last year's performance was basically in line with expectations
Jinwu Financial News | According to Shenwan Hongyuan Research Report, Xinao Energy (02688) announced the 2023 annual results. During the period, the company achieved operating income of 113.858 billion yuan, up 3.5% year on year; profit attributable to company owners was 6.816 billion yuan, up 16.2% year on year; core profit of 7.586 billion yuan, down 4.8% year on year; basic profit per share was 6.05 yuan, up 16.3% year on year, basically in line with the bank's expectations. According to the bank, considering that the completion of real estate fell short of expectations, factors such as the narrowing of the space for international trade in LNG after falling international gas prices affected the company's connectivity and natural gas wholesale business
Citibank: Maintaining Xinao Energy's “Buy” Rating Target Price Reduced to HK$72
Citi released a research report stating that maintaining the “buy” rating of Xinao Energy (02688) is mainly due to the fact that mainland gas sales will resume growth this year and profit margins will increase; the rapid development of new business and value-added business; and the company's strong financial situation, which has positive cash flow and increased dividend ratio. The target price was lowered from HK$75 to HK$72. The bank pointed out that the company is guiding business recovery this year. After deducting the core profit from liquefied natural gas trading revenue, it is estimated that the year-on-year increase will not be less than 10%. A new Chief Executive Officer and Chief Financial Officer were appointed in the fourth quarter of last year. The gradual implementation of the new strategy will improve basic factors. The bank expects the company to be this year
Changes in Hong Kong stocks | Xinao Energy (02688) fell nearly 4%. Weak industrial and commercial climate put pressure on the company's revenue and gross profit
Xinao Energy (02688) fell nearly 4%. As of press release, it was down 3.74% to HK$59.15, with a turnover of HK$152 million.
Bank Rating | Citibank: Lowering Xinao Energy's Target Price to HK$72 to Maintain “Buy” Rating
According to a report published by Citigroup, Xinao Energy is leading this year's business recovery. After deducting the core profit from liquefied natural gas trading revenue, it is estimated that it will increase by no less than 10% year-on-year. A new Chief Executive Officer and Chief Financial Officer were appointed in the fourth quarter of last year. The gradual implementation of the new strategy will improve basic factors. The bank expects the company's net profit to drop moderately by 3.6% this year and 1.3% next year, mainly due to falling liquefied natural gas prices, and less profit from overseas transactions. The bank lowered its target price from HK$75 to HK$72 to maintain a “buy” rating, mainly because mainland gas sales will resume growth this year and profit margins will increase; new businesses and value-added industries
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