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Express News | The Concept of autonomous Logistics vehicles saw unusual activity in the afternoon, with Kunming Yunnei Power reaching its price limit.
Express News | China Merchants International: Raises the Target Price of 3SBIO to 25 Hong Kong dollars, maintaining a 'Buy' rating.
Express News | China Merchants: Resuming coverage on Mayinglong Pharmaceutical Group, rating buy.
Kaiyuan Securities: Guiding long-term excess assessment, the non-bank Sector is expected to receive additional allocation.
Currently, the Brokerage Sector's PB(LF) is 1.3 times, positioned at the 22% percentile since 2013. In the medium to long term, some undervalued quality symbols in the non-bank sector are expected to receive increased allocation.
Hong Kong Stock Concept Tracking | New regulations for major asset restructuring of listed companies have been implemented! The performance potential of Brokerages is expected to accelerate release (including Concept stocks).
On May 16, the China Securities Regulatory Commission officially announced and implemented the revised "Administrative Measures for Major Asset Restructuring of Listed Companies," optimizing aspects such as simplifying review procedures, innovating trade tools, and enhancing regulatory inclusiveness, promoting mergers and acquisitions towards marketization.
China Merchants International: Raise TENCENT's Target Price to 650 HKD, maintaining a "Buy" rating.
China Merchants International released a Research Report stating that TENCENT (00700), backed by its strong social network moat and AI technology, has potential profit and valuation upside opportunities in AI agency, advertising, and margin expansion. The current market price is based on a forecast PE of 17 and 15 for this year and next, higher than peers. After SOTP valuation, the Target Price has been raised by 5%, from 621 HKD to 650 HKD, maintaining a 'Buy' rating. The report indicates that TENCENT's first-quarter performance is ideal, with improvements driven by AI becoming increasingly evident, further boosting profit growth. At the same time, the gaming and advertising industries.
