Fast Lite's 2Q operating profit increased 16.7% to 257 billion yen
As for the second quarter results for the fiscal year ending 2024/8 announced by Fast Rite <9983>, sales revenue was 1.598.999 billion yen, up 9% from the same period last year, and operating profit was 257.085 billion yen, up 16.7% from the same period last year. UNIQLO's business and GU business in North America, Europe, and Southeast Asia saw significant increases in profit, leading the Group's overall business expansion. <【プラス評価】>| <2687>CVS bay correction
UK GDP Beats Expectations in January on Special Factors But Trend Remained Broadly Flat, Output Still Below Pre-Pandemic Level, Says Daiwa
06:36 AM EST, 03/10/2023 (MT Newswires) -- Following the drop of 0.5% m/m in December, the United Kingdom's gross domestic product (GDP) reversed only some of that lost ground in January, noted Daiwa
Nonfarm Payrolls Key for FOMC's March Rate-Setting Decision After Powell's Hawkish Congress Testimony, Daiwa Capital Says
06:20 AM EST, 03/10/2023 (MT Newswires) -- Nonfarm payrolls data for February will be closely watched on Friday following Federal Reserve Chair Jerome Powell's hawkish comments in his testimony to Con
Major Bank Ratings | Daiwa: Upgraded the unified (0220.HK) target price to HK$8.4 rating to “outperform the market”
Glonghui, March 10 | According to Daiwa's report, Unification (0220.HK) announced its full-year results and held an analyst meeting yesterday. Due to the high increase in food and beverage revenue in the second half of last year, overall revenue was higher than the bank's expectations, but net profit was lower than the bank's expectations by 2%, and gross margin was 1.2 percentage points lower than the bank's expectations, mainly due to pressure on PET costs for packaging materials. According to the bank, they will uniformly be cautious about sales expenses this year. If peers have intense discount activities, they may not follow suit. The focus is still on expanding catering channels, penetrating into lower-tier cities, and brand investment. The bank proposed its revenue forecast for this year and next two years
Daiwa: Maintaining a unified enterprise China (00220) “Outperform the Market” rating target price rose to HK$8.4
The Zhitong Finance App learned that Daiwa released a research report stating that it maintained the “outperform the market” rating of unified enterprise China (00220) and raised the target price from HK$7.2 to HK$8.4. The company announced its full-year results and held an analyst meeting yesterday. Overall revenue was higher than the bank's expectations, but net profit was 2% lower than the bank's forecast, and gross margin was 1.2 percentage points lower than the bank's forecast. The bank pointed out that the company is cautious about sales expenses this year. If peers have intense discount campaigns, they may not follow suit. The focus is still on expanding catering channels, penetrating into lower-tier cities, and brand investment. The bank predicts its revenue for this year and next two years
RICS Survey Suggests UK Home Prices Continue to Fall But Other Survey Details Hint of Slight Improvement in Dynamics Ahead, Says Daiwa
09:52 AM EST, 03/09/2023 (MT Newswires) -- The RICS residential market survey results for February were undeniably soft in the United Kingdom, with almost all key indicators still firmly in negative t
Big Bank Ratings | Yamato: TV broadcasters expand e-commerce in mainland China to monetize artists' resources but don't disclose revenue models and details
Gelonhui, March 9丨According to the Daiwa Development Research Report, Shanghai Feicui Oriental Communications (TVBC), where TV Radio (0511.HK) owns 70% of its shares, held its first e-commerce live broadcast on Taobao on March 7 after establishing a strategic partnership with Taobao. During the 6-hour live broadcast, sales were 23.5 million yuan, and 4.85 million people watched it. Meanwhile, the Group and Taobao plan to jointly host at least 48 e-commerce live broadcasts next year. The bank mentioned that it is still waiting for the group to announce details such as a clear schedule, revenue model, and profit margin in its results. The Group uses its brand value and rich artist resources to
Big Bank Ratings | Daiwa: China Resources Gas Lowered Its Target to Port 27.2, Lower Than the Market
Gelonghui, March 9丨According to the Daiwa Development Research Report, China's resumption of customs clearance is reflected in the stock price of China Resources Gas (1193.HK), where natural gas sales increased or did not meet market expectations. As a result, Runran's natural gas sales growth forecast was lowered to 8% last year, and this year's forecast also dropped to 11%, slightly lowering the target price from HK$27.5 to HK$27.2. The rating was also downgraded from “better than the market” to “worse than the market”. Daiwa is currently more cautious about the transfer of fuel, lowering the company's price spread forecasts for last year and this year to 0.49 yuan and 0.47 yuan per cubic meter, respectively. The stock is now at HK$29.45, total
Daiwa: China Resources Gas (01193) downgraded to “outperform the market” target price to HK$27.2
The Zhitong Finance App learned that Daiwa released a research report saying that the rating of China Resources Gas (01193) was downgraded from “outperforming the market” to “outperforming the market” and lowered the earnings forecast per share for 2022-24 by about 2%-4%. The main risk was that gas prices were higher than expected. The target price was lowered 1.1% to HK$27.2 from HK$27.5 as it may still face multiple adverse factors in 2023. According to the report, the increase in gas sales may fall short of market expectations. Since mid-November 2022, China Resources Gas's stock price has rebounded 22%. The bank believes that the market has taken into account the recovery in natural gas sales and 2023
Changes in Hong Kong stocks | China Resources Gas (1193.HK) falls more than 4%, gas sales are expected to fall short of expectations, and Yamato downgraded its rating to “outperform the market”
Gelonghui, March 9, 丨 China Resources Gas (1193.HK) fell more than 4% to HK$29.7, with a total market value of HK$68.7 billion. According to the Daiwa Development Research Report, China Resources Gas's stock price has rebounded 22% thanks to the easing and reopening of the real estate industry in the past 3.5 months. The bank believes that the market has reflected the connection between the recovery in natural gas sales and the expected victory in 2023. According to the bank's industry survey, natural gas sales were weak in the fourth quarter of 2022, and the year-on-year increase in natural gas sales in the first two months of this year was only in the middle single digits. The bank's natural gas sales growth may fall short of market expectations, so the company's natural gas sales in 2022 will increase
Major Bank Ratings | Daiwa: The target price of Yadi Holdings (1585.HK) was raised to HK$22.6 to “buy”
Gelonghui, March 8 丨 According to Daiwa Development Research Report, the performance target of Yadi Holdings (1585.HK) is to increase revenue and net profit by no less than 20% year-on-year from 2023 to 25. Although the bank believes that the group faced challenges in the dynamic pandemic policy in the fourth quarter of last year and once lost some advantage in the mid-tier market last year, it believes the company can achieve its goals because it has the ability to adjust its product strategy and focus on more growth opportunities at a leading position in the industry. The bank believes this will solidify its leadership position and drive up profit margins. The bank said it has benefited from product portfolio improvements, supply chain integration, and closure
Daiwa: Reiterates that the target price for Haifeng International's (01308) “buy” rating was reduced to HK$22
The Zhitong Finance App learned that Daiwa released a research report stating that it reiterated the “buy” rating of Haifeng International (01308). Although the industry's freight rates are under pressure, it is believed that its profitability will be higher than pre-epidemic levels. Since replacing old ships can improve energy efficiency, the target price was reduced by 12% from HK$25 to HK$22. The company's total revenue and adjusted net profit last year increased 37%/57% year-on-year respectively to US$41.1/1.82 billion, in line with market expectations. However, the final dividend payout is 1.6 yuan per share, in line with the bank's annual dividend ratio of 70%. The bank pointed out that the group's management did not
Japan's Wage Numbers Disappoint at Start of The Year With Real Wage Growth Declining The Most Since 2014, Says Daiwa
07:10 AM EST, 03/07/2023 (MT Newswires) -- Ahead of the Bank of Japan's (BoJ) monetary policy decision due at the end of the week and as the Shunto wage negotiations continue in the background, early
Powell Expected to Walk Tight Rope at Congress Testimony to Keep Bulls, Bears at Bay, Daiwa Capital Says
06:10 AM EST, 03/07/2023 (MT Newswires) -- Federal Reserve Chairman Jerome Powell has a tight balancing act to perform at a two-day testimony to Congress, according to a note from Daiwa Capital. Powel
China's Trade Data Shows Environment Remains Challenging Amid Subdued Domestic, External Demand, Daiwa Capital Says
05:53 AM EST, 03/07/2023 (MT Newswires) -- China's Trade Data Shows Environment Remains Challenging Amid Subdued Domestic, External Demand, Daiwa Capital Says
Daiwa Comments on Monday's German Bunds, UK Gilts
12:32 PM EST, 03/06/2023 (MT Newswires) -- Despite some soft eurozone retail sales data for January, Germany's Bund bonds Monday made losses as European Central Bank (ECB) hawk Robert Holzmann called
Powell's Address to Congress to Be Parsed for Clues on Path of Rates After Strong Macroeconomic Data, Daiwa Capital Says
05:08 AM EST, 03/06/2023 (MT Newswires) -- Federal Reserve Chairman Jerome Powell's semi-annual monetary policy report to Congress on Tuesday and Wednesday will be closely watched as it is likely to o
Security Bank Corp. Target Price Raised to PHP124.00 From PHP118.00 by Daiwa Capital Markets
Security Bank Corp. Target Price Raised to PHP124.00 From PHP118.00 by Daiwa Capital Markets
City Developments Target Price Cut to S$9.56 From S$10.03 by Daiwa Capital
City Developments Target Price Cut to S$9.56 From S$10.03 by Daiwa Capital
Trend Micro (OTCMKTS:TMICY) Downgraded to Neutral at Daiwa Capital Markets
Daiwa Capital Markets cut shares of Trend Micro (OTCMKTS:TMICY – Get Rating) from an outperform rating to a neutral rating in a research report released on Wednesday morning, The Fly reports.Trend Mic
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