Shengang Securities: Short-term market may be dominated by policies
Glonghui, April 28 | After opening low on Monday last week, the market fluctuated all the way down. Major indices in both markets showed a downward trend, indicating high pressure. After the release of the new “National Nine Rules”, due to the continuous promotion of capital market reforms and comprehensive improvements in supervision, investor mentality may be greatly boosted in the short term, which is beneficial to the development of the market. Under strong supervision from all sides, the underlying logic of the market may be restructured, which is beneficial to the long-term market situation in the capital market. It is difficult for any major reform process to go smoothly, and we still need to watch out for a natural decline after a short-term surge in sentiment.
Shengang Securities released a research report on April 22 stating that it gave Gaibao Pet (301498.SZ) a purchase rating. The main reasons for the rating include: 1) the main increase in staple food revenue, a slight decrease in sales tonnage prices, and
Shengang Securities released a research report on April 22 stating that it gave Gaibao Pet (301498.SZ) a purchase rating. The main reasons for the rating include: 1) the main increase in staple food revenue, a slight decrease in sales tonnage prices, and the share of independent brands continues to rise; 2) leading domestic and direct sales channel growth, further consolidating the company's e-commerce direct sales channel advantage; 3) year-on-year increase in gross margin driven by the expansion of independent brands and direct sales share and cost reduction; 4) 24Q1 profitability is further improved, and annual performance is expected to be boosted by overseas improvements and domestic improvements. (Mainichi Keizai Shimbun)
Shengang Securities released a research report on April 16 stating that Zhongjing Foods (300908.SZ) was given a purchase rating. The main reasons for the rating include: 1) the revenue growth rate of seasoning foods is higher than that of seasoning ingred
Shengang Securities released a research report on April 16 stating that Zhongjing Foods (300908.SZ) was given a purchase rating. The main reasons for the rating include: 1) the revenue growth rate of seasoning foods is higher than that of seasoning ingredients, and the cultivation effect of large single products is remarkable; 2) increased gross margin due to increased cost savings during the period and impressive profit growth rate; 3) the gradual improvement of B-side channels, and the main increase in base market contributions; 4) R&D centers and the like are being put into use to construct a new development pattern, and there is room for product and channel expansion. (Mainichi Keizai Shimbun)
Bank of America Securities: Reiterates the HKEx (00388) “Buy” Rating Target Price Reduction to HK$290
Bank of America Securities expects the net profit of the Hong Kong Stock Exchange to drop 22% year-on-year to 2.7 billion yuan in the first quarter.
Shengang Securities released a research report on April 12 stating that it gave Kweichow Moutai (600519.SH) a purchase rating. The main reasons for the rating include: 1) the volume and price of Maotai liquor increased by more than 10%; 2) the direct sale
Shengang Securities released a research report on April 12 stating that it gave Kweichow Moutai (600519.SH) a purchase rating. The main reasons for the rating include: 1) the volume and price of Maotai liquor increased by more than 10%; 2) the direct sales ratio further increased, with iMaotai's year-on-year increase, and the revenue growth rate of other direct sales channels also surpassed the company's overall; 3) the year-end contract debt ring showed a slight decrease over the same period; 4) a slight increase in sales expenses, a year-on-year increase in profitability, and a further increase in base wine production capacity and reserves. (Mainichi Keizai Shimbun)
Shengang Securities released a research report on April 11 stating that Guangzhou Restaurant (603043.SH) was given a buying rating. The main reasons for the rating include: 1) the mooncake business grew close to double digits during the year, frozen food
Shengang Securities released a research report on April 11 stating that Guangzhou Restaurant (603043.SH) was given a buying rating. The main reasons for the rating include: 1) the mooncake business grew close to double digits during the year, frozen food remained flat, and the restaurant business grew brightly; 2) the price increase of mooncakes and frozen products fell slightly, and gross margin fluctuated slightly due to increased promotion, and the gross margin of catering increased year-on-year; 3) building a new engine for business development to improve the food business development level; 4) steadily promoting the layout of the catering business. The food business expanded rapidly, and there was plenty of room for brand potential to be released. (Mainichi Keizai Shimbun)
Shengang Securities released a research report on April 8 stating that Tianwei Foods (603317.SH) was given a purchase rating. The main reasons for the rating include: 1) the main increase in the contribution of Chinese food seasoning and the price of majo
Shengang Securities released a research report on April 8 stating that Tianwei Foods (603317.SH) was given a purchase rating. The main reasons for the rating include: 1) the main increase in the contribution of Chinese food seasoning and the price of major categories; 2) the increase in customized meal preparation and e-commerce channels, with significant growth in the B-side, and the main increase in core regions; 3) the year-on-year increase in gross margin due to reduced benefiting costs, and the consolidation of food products contributed to profit elasticity; 4) the announcement of plans to implement the 2024 employee stock ownership plan. (Mainichi Keizai Shimbun)
Shengang Holdings (08631.HK) terminates share offering and new placement agreement
Gelonghui March 27 | Shengang Holdings (08631.HK) announced the details relating to (including) the share offering. On March 27, 2024, the company and the new placement agent jointly agreed to immediately terminate the new placement agreement. As a result, the new placement agreement is terminated and no longer valid, and each contracting party is not liable to any other contracting party for the new placement agreement.
Citi: Reiterates HKDC-SS (02638) “Buy” Rating Target Price Increase to HK$5.45
The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the Hong Kong Density-SS (02638) “buy” rating and raised HK Electric's earnings test by 0.7% next year in consideration of the expansion of the asset base. Under the control agreement, the annual dividend rate from 2024 to 2028 is expected to continue to reach at least 6.7%, and the target price will increase by 0.9% to HK$5.45 from HK$5.4. According to the report, under good cost control, net profit attributable to the company's joint stock holders rose 6.8% year-on-year to 3.156 billion yuan last year, 4.6% higher than market expectations. A second interim dividend of 16.09 cents was paid in lieu of
Yamato: Reiterates the HKEx (00388) “Buy” Rating Target Price Reduction to HK$330
The Zhitong Finance App learned that Yamato released a research report stating that it reaffirmed the “buy” rating of the Hong Kong Stock Exchange (00388), lowered its adjusted revenue forecast by about 1% to 1% respectively, and lowered its net profit forecast by 8% to 13% based on increased expenses. The target price was lowered from HK$400 to HK$330, and that preparations should be made for a market rebound. The company's operating expenses increased 12% year-on-year in the fourth quarter of last year, mainly due to increased employee costs, IT expenses, and the resumption of business after the pandemic. Additionally, the company's management emphasized the growth of the London Metal Exchange (LME) business (particularly nickel)
Lyon: Reiterates the HKEx (00388) “Buy” Rating Target Price Reduction to HK$297
Lyon predicts that the earnings per share of the Hong Kong Stock Exchange for each year from 2023 to 2025 will increase by 20%, decrease by 1%, and increase by 4%, respectively.
Shengang Holdings (08631) reduced 360 million shares due to share consolidation on a “10 and 1” basis
Shengang Holdings (08631) issued an announcement due to the existing issued and unissued shares with a face value of HK$0.01 per 10 shares...
Bank Ratings | Goldman Sachs: Reiterates HKEx's “Buy” Rating Target Price of HK$334
Glonghui, Feb. 18 | Goldman Sachs released a research report stating that based on the dividend discount model (DDM), the target price of the Hong Kong Stock Exchange remained unchanged at HK$334, reaffirming the “buy” rating. The bank raised the HKEx's 2023/24 earnings forecast per share by 0.8% and 0.2% to include trading volume in January 2024 and trading volume since February.
Shengang Holdings (08631): The share merger will take effect on February 19
Shengang Holdings (08631) announced that the share merger will take effect on February 19, 2024.
Goldman Sachs: Reiterates HKEx (00388) “Buy” Rating Target Price of HK$334
Goldman Sachs raised the HKEx's 2023/24 earnings per share forecast by 0.8% and 0.2%.
Dragon Tiger List | Shenzhen Stock Connect is on the list of Easton, Guangdong branch of Shengang and Gubei Road escaped from Tianfloor Zhongji Health
The top three net purchases on the Dragon Tiger list are Eston, Zhongke Magnetic, and Sinochem International
Shengang Securities: Investment opportunities at the bottom of beer valuation are approaching
Looking ahead to 24 years, the beer sector may usher in a good layout opportunity.
Research Report Nuggets | Shengang Securities: Giving BYD a “buy” rating, annual sales volume is expected to exceed 3 million units
Glonghui, December 4 | According to the Shengang Securities Research Report, sales of pure electric and hybrid models of BYD (002594.SZ) are going hand in hand. With the recovery of automobile consumption, the rapid release of production capacity, and the launch of many new models one after another, the company's annual sales volume is expected to exceed 3 million vehicles. At the same time, the results of the high-end strategy and the full implementation of the multi-brand strategy are expected to bring considerable growth and profit next year. Furthermore, the record high overseas sales volume also provided strong support for the company's performance. The company's NEV business is very prosperous, and the advantages of the vertical industrial chain are obvious. The bank gave the company a valuation of 20 times PE in 2024, corresponding to the stock price of 3
Reserve 10,000 cars in 100 minutes! Li Xiang's new “jumping from a building” car is on sale: less than 600,000, with a battery life of 500 kilometers in 12 minutes on a charge...
Ideal announced a more ambitious slogan: “We are confident that Ideal MEGA will become the first choice for over 500,000 households, regardless of energy type or body type, and number one in sales volume.”
Shengang Securities Zhejiang Branch received a warning letter due to a live broadcast from employees recommending stocks
Gelonghui November 17 | On November 15, the Zhejiang Securities Regulatory Bureau issued a decision on issuing a warning letter against Zhao Weizhen and a decision on issuing a warning letter to the Zhejiang branch of Shengang Securities. The Zhejiang Securities Regulatory Bureau said that Zhao Weizhen, an employee of the Zhejiang branch of Shengang Securities, engaged in securities investment advisory business through a live streaming account set up by the Zhejiang branch of Shengang Securities without registering as a securities investment advisor, and recommended individual stocks during the live broadcast, reflecting that the Zhejiang branch of Shengang Securities did not properly manage the qualifications and practice of employees. The Zhejiang Securities Regulatory Bureau decided to issue the Zhejiang branch of Shengang Securities
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