00227 FIRST SHANGHAI
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FIRST SHANGHAI News
First Shanghai Investments AGM Wins Unanimous Support
First Shanghai: Target price of HK$9.06 for a “buy” rating for BOE Precision Electronics (00710)
First Shanghai predicts BOE Precision Electronics (00710)'s revenue for 2024-2025 to be HK$12.6 billion, HK$13.6 billion, and HK$15.2 billion, respectively.
First Shanghai: Maintaining the New Oriental-S (09901) “Buy” rating target price of HK$87.1
First Shanghai said it remains optimistic about the long-term development prospects of the teaching aid industry.
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
First Shanghai (00227.HK) completed the sale of Shanghai Zhongchuang International Container Storage and Transportation Co., Ltd.
Gelonghui, April 29, 丨 First Shanghai (00227.HK) announced that with regard to the sale of shares of Shanghai Zhongchuang International Container Storage & Transportation Co., Ltd., in accordance with the terms and conditions of the agreement, all prerequisites for the sale have been reached and completed on April 26, 2024. Upon completion, the company no longer directly or indirectly holds any shares in the target company.
First Shanghai Slashes Losses in 2023
First Shanghai Investments' (HKG:0227) attributable net loss dropped by 80% to HK$11 million in the year through December 2023, from HK$56 million in 2022, according to a Monday filing with the Hong K
第一上海：二零二三年年報
Securities Regulatory Commission: Reduce commission rates for fund stock trading and reduce the upper limit of fund managers' securities trading commission allocation ratio
① Reduce the upper limit of fund managers' securities transaction commission allocation ratio. ② Comprehensively strengthen relevant compliance and internal control requirements for fund managers and securities companies.
First Shanghai (00227.HK) plans to adopt the 2024 share option plan
Gelonghui, April 16 | First Shanghai (00227.HK) announced that the company intends to adopt the 2024 share option plan. The provisions of the 2024 share option plan will comply with the provisions of chapter 17 of the revised listing rules, which came into effect on 1 January 2023. The 2024 share option plan was established to recruit, retain and motivate high-quality professionals, such as group employees and directors, by rewarding or rewarding eligible participants who contribute to protecting the Group's business and operating interests.
Ruichang International broke into the Hong Kong Stock Exchange and is a petroleum refining and petrochemical equipment manufacturer, relying on five major customers
Net amounts of accounts receivable and notes receivable are increasing year by year
Research and Development | First Shanghai: Giving Xingsheng Commercial's “Buy” Rating Optimizes the Company's Future Outreach Capabilities and Operational Resilience
Gelonghui, April 15 | First Shanghai released a research report to give Xingsheng Commercial (6668.HK) a “buy” rating, giving it a price-earnings ratio of 10 times in 2024, corresponding to a target price of HK$2.0; optimistic about the company's ability to expand and operate as a pure commercial management company in the post-real estate cycle. The research report mentioned that in 2023, the company's revenue was 635 million yuan, up 13% year on year; gross profit was 334 million yuan, up 6.6% year on year; net profit to mother was 171 million yuan, up 10.9% year on year. With the end of the epidemic and the recovery of market consumption, the company's profitability continued to improve. Cash on hand at the end of the period
First Shanghai: Maintaining China's Shenhua (01088.HK) “Buy” rating target price of HK$37.49
First Shanghai released a research report stating that it maintains China's Shenhua (01088.HK) “buy” rating, and the 2023 results are in line with expectations. Taking into account the current level of coal prices and demand for thermal coal in 2024, the company's net profit forecast for 2024-2026 was adjusted to $633/63.5/63.7 billion, with a target price of HK$37.49. Looking ahead to 2024, the advantages of the company's integrated industrial operation will continue to be reflected. The sales structure of Gaochang Coal has stabilized profit levels, and the additional installed capacity of superimposed power generation drives steady growth in power generation to hedge against fluctuations in coal prices. Profit stability is strong, and the past has focused on shareholder returns and long-term maintenance
First Shanghai: Maintaining China Resources Beer (00291.HK)'s “Buy” Rating Target Price of HK$41.3
First Shanghai released a research report stating that it maintains the “buy” rating of China Resources Brewery (00291.HK). The estimated profit forecast for 2024-2026 is 60.7/70.2/8.03 billion yuan, with a target price of HK$41.3. Despite changes in the current domestic economic environment, the bank believes that the consensus on overall upgrading and efficiency improvement in the beer industry has not changed. The company's target for the growth of the second-highest core beer product is firm. It is expected that future profits will continue to increase, and the liquor business is expected to gradually accelerate after adjustments.
First Shanghai (00227.HK): net loss of HK$10.629 million in 2023
On March 25, GLONGHUI (00227.HK) announced that for the year ended December 31, 2023, it achieved a turnover of about HK$313 million, a year-on-year decrease of 8.6%; losses attributable to shareholders of the company were approximately HK$10.629 million, and losses attributable to shareholders of the company were approximately HK$56.44,000 during the same period last year; basic loss per share was 0.65 HK cents.
FIRST SHANGHAI: 2023 FINAL RESULTS ANNOUNCEMENT
First Shanghai (00227.HK) plans to hold a board meeting on March 25 to approve annual results
Glonghui March 11 | First Shanghai (00227.HK) announced that the company's board of directors meeting will be held on March 25, 2024 (Monday) at the registered office to review and approve (including) the annual results of the company and its subsidiaries for the year ended 31 December 2023 and to consider payment of a final dividend (if any).
FIRST SHANGHAI: Notice of Board Meeting
First Shanghai: Maintaining Galaxy Entertainment's (00027) “Buy” Rating Target Price of HK$56.08
First Shanghai has full confidence in the long-term development of Galaxy Entertainment Group.
Research Nuggets | First Shanghai: Maintaining a “buy” rating with a target price of HK$15.6 for New World Development
Glonghui, March 6 | First Shanghai released a research report. The target price for New World Development is HK$15.6, which has room for a 78% increase compared to the closing price on March 4 (HK$8.77), maintaining the “buy” rating. The company has a twin-engine layout in mainland Hong Kong, with equal emphasis on developing and owning properties. It has maintained steady operation and a good financial structure, and the brand effect is remarkable. The company continues to improve operational efficiency, sell non-core assets, actively repurchase and redeem corporate bonds, and continuously optimize its financial structure. The bank expects the company's net profit to be HK$670 million, $710 million and HK$750 million for the next three years, respectively. The company recently announced 23/
First Shanghai: Maintaining Ideal Automobile-W (02015) “Buy” Rating Target Price HK$234.83
First Shanghai predicts that the sales volume of Ideal Automobile-W (02015) 2024-2026 will reach 704,000 units, 1.054 million units, and 1.198,000 units, respectively.
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