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HSBC Research downgraded Air China (00753.HK), China Eastern Airlines (00670.HK), and Beijing Capital International Airport (00694.HK) to "shareholding", while raising China Southern Airlines (01055.HK) target price to 3.4 yuan.
HSBC Research report indicates, despite strong domestic demand and international travel recovery, a reassessment of the turnaround situation of the three major airlines is being conducted due to persistently weak earnings. The bank points out that the earnings pressure on the companies will continue, resulting in another downward revision of profit forecasts for the three major airlines. Currently, the bank's forecast for 2025 is 79% lower than the market consensus. The bank maintains a 'hold' rating for China Southern Airlines (01055.HK) and Cathay Pacific Airways (00253.HK), while downgrading Air China (00753.HK), China Eastern Airlines (00670.HK), and Beijing Capital International Airport (00694.HK) to 'shareholding'. The bank notes that due to the
SHUNHO HOLDINGS: INTERIM REPORT 2024
Shunho Holdings (00253.HK) reported a net profit of HKD 30 million, excluding taxes, revaluation, land, property, and equipment depreciation, in the middle of the year.
On June 30th, 2024, Shunho Holdings (00253.HK) announced that its total revenue for the six months ending at this date was HKD 0.32 billion, compared to HKD 0.251 billion in the same period last year. The company's owners' share of the net profit after tax but before revaluation and depreciation of land, property, and equipment was HKD 30 million, an increase of HKD 6 million (+25%) year-on-year.
Shunho Holdings (00253) released its interim results, and shareholders had a loss of HKD 54.034 million, reversing from a profit year-on-year.
Shunho Holdings (00253) has released its interim results for the six months ending on June 30, 2024, during which time the group achieved...
"Performance" Shunho Holdings (00253.HK) suffered a loss of 54.03 million yuan in the first half after a period of profit.
Shunho Holdings (00253.HK) announced its interim results as of the end of June this year, with revenue of 320 million yuan, up 27.3% year-on-year. It suffered a loss of 54.034 million yuan, compared with a profit of 3.069 million yuan in the same period last year, with a loss per share of 22.35 cents. No dividends will be paid.
SHUNHO HOLDINGS: 2024 INTERIM RESULTS
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