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BOCOM INTL (03329.HK) acquired FABUH notes with a face value of 6 million USD.
Gelonghui, May 19th丨BOCOM INTL (03329.HK) announced that on May 15, 2025, Preferred Investment will acquire the second FABUH notes in the OTC market at a purchase price of approximately $100 for a total amount of $6,000,000, with a cost of around $6,000,000.
BOCOM INTL: Initiates a "Buy" rating for SKB BIO-B with a Target Price of 400 Hong Kong dollars.
BOCOM INTL released a Research Report stating that it initiates coverage of SKB BIO-B (06990) with a "Buy" rating. Based on DCF valuation, the Target Price is set at 400 Hong Kong dollars, indicating a potential increase of 25%. The report indicates that the company's core product "Lukansatuzumab" has significant advantages in molecular design and clinical data compared to two other already marketed products with the same target and mechanism. Outside of China, Merck is quickly advancing about 14 Phase III studies covering various tumor types with significant unmet treatment needs. The bank expects that the peak sales of "Lukansatuzumab" in mainland China and overseas will exceed 5 billion yuan and 4 billion dollars, respectively.
BOCOM INTL: Raises NTES-S Target Price to 223 Hong Kong dollars, maintains "Buy" rating.
BOCOM INTL released a Research Report stating that based on the positive trend of NTES-S (09999) in the first quarter and effective cost control, the annual game revenue forecast was raised by 1.9% and the adjusted Net income by 5.6%. Due to the group's PE of 18 times for 2025, the Target Price was raised by 16%, from 193 HKD to 223 HKD, maintaining a "Buy" rating. The report indicates that NTES's game business in the first quarter exceeded expectations. Driven by "Where Winds Meet", "Marvel Rivals", and "Identity V", the PC game segment accelerated growth during the quarter.
BOCOM INTL: It is expected that Alibaba-W's cloud revenue will accelerate quarterly, maintaining a Target Price of 159 Hong Kong dollars.
BOCOM INTL released a Research Report stating that Alibaba-W (09988) is expected to have a revenue growth of 5% and 9% in the 2026/27 fiscal year, and a profit growth of 4% and 14%. The market share of Taobao and Tmall e-commerce has stabilized, while the monetization rate continues to improve, and cloud revenue is accelerating quarter by quarter. The bank maintains a Target Price of HK$159 and a ‘Buy’ rating. The report indicates that revenue in the fourth quarter of fiscal year 2025 increased by 7% year-on-year, with the total revenue growth of Freshippo and Intime reaching 10%, surpassing the bank's previous expectation of 8%. Adjusted EBITA increased by 36% year-on-year, and adjusted earnings per share increased by 23%, which fell short of the consensus expectation of Institutions. The bank stated that Taobao and Tmall continue to be strong.
BOCOM INTL: Raised TENCENT's Target Price to 604 Hong Kong dollars, expecting total revenue to increase by 10% in the second quarter.
BOCOM INTL released a Research Report stating that considering TENCENT's (00700) stable performance and the development of its AI ecosystem, as well as the group's Shareholder returns, the bank believes that the effects of its AI investments have already been seen, hence raising the Target Price to HKD 604, corresponding to a PE of 20 times for 2025, and maintaining a "Buy" rating. The report states that TENCENT's first-quarter performance exceeded expectations, with profit growth continuing to outpace revenue. The bank believes that the impact of increased AI investments and capital expenditures is likely to narrow the gap between operating profit and revenue, although profit growth will still exceed revenue. Benefiting from the support of AI technology, the group's various ecosystems...
Express News | BOCOM INTL: Maintains JD.com Logistics 'Buy' rating with a Target Price of 18.5 Hong Kong dollars.
