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Hong Kong stocks: Hang Seng Index rose 51 points in the first half of the day, netease surged by 13%, "Bilibili" dropped by 10%.
Mainland China's major economic indicators rebounded last month (retail sales up 4.8% year-on-year, beating expectations), with the Hong Kong stock market performing well in the morning. The Hang Seng Index opened 67 points higher, fell 103 points in the early stage to 19,332 points before rebounding, rose 172 points to 19,608 points at one point, up 51 points or 0.3% at midday, closing at 19,486 points; The H-share index rose 27 points or 0.4%, closing at 7,001 points; Hang Seng Tech Index rose 38 points or 0.9%, closing at 4,357 points, with a total turnover of 85.151 billion Hong Kong dollars in the morning session. In the financial sector, HSBC Holdings (00005.HK) rose by 0.8%, while Standard Chartered (02888.HK) and Hong Kong
Haitong sec: Assigns a "buy" rating to U-presid china (00220) with a fair value of 8-10 Hong Kong dollars.
haitong sec expects the total operating income of u-presid china to be 31.087/32.891/34.632 billion yuan in 2024-2026 respectively.
u-presid china (0220.HK): Profit continued to maintain good growth in the third quarter against the backdrop of rising palm oil prices, looking forward to the performance during the peak season of the Spring Festival in the fourth quarter.
Event: On November 12, 2024, the company disclosed the announcement "Unaudited financial data", in which the company achieved unaudited after-tax profit of 16.36 for the first three quarters of 2024 (ending September 30, 2024).
UNI-PRESIDENT CHINA(220.HK):3Q24 NET PROFIT WAS UP 13% YOY SLIGHTLY MISSING EXPECTATION;PROFIT MARGIN EXPANSION IN 2025 LOOKS A BIT UNCERTAIN
[Brokerage Focus] HTSC raises target price for u-presid china (00220) by 8.3%, indicating the company's dividend yield is attractive.
Jingu Finance News | HTSC issued a research report stating that U-presid China (00220) released its third-quarter operational performance, with a net income of 1.64 billion for 24Q1-3 (+11.5% year-on-year), corresponding to a net income of 0.67 billion for 24Q3 (+13.5% year-on-year); the company's non-GAAP net income for 24Q1-3 increased by 35% year-on-year. On the revenue side, the company achieved mid-single-digit growth in overall revenue for 24Q3, with beverages business growing at low double-digit rates, while red and green tea, iced sugar pear, and sea salt achieved double-digit growth; the food business grew at mid to low single-digit rates, with instant noodle business achieving mid to high single-digit growth, with expectations of adding new products throughout the year.
Goldman Sachs: Downgraded u-presid china (00220) target price to 7.5 Hong Kong dollars, rating lowered to 'Neutral'.
Goldman Sachs lowered its profit forecast for U-Presid China (00220) by 8 to 10% for the years 2024 to 2026.
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