Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$GUOTAI JUNAN I (01788.HK)$During the trading day, it rose more than 14%, as of the deadline for submission, it rose 8.62%, closing at 0.63 Hong Kong dollars, with a turnover of 11.7834 million Hong Kong dollars.
On the news front, Fee Fan, the managing partner of Ernst & Young's Greater China Audit Services, previously stated that the mainland's accelerating economic recovery, combined with the Hong Kong Exchange's reform empowerment, is expected to boost Hong Kong's IPO activities in the second half of the year. Industry insiders believe that overseas listing filings will be further expedited, leading to more companies applying to list overseas, contributing additional volume to brokerages' overseas investment banking business.
In addition, Haitong International announced that its major shareholder, Haitong Securities, proposed to privatize the company through an agreement arrangement, with a cash price of 1.52 Hong Kong dollars per share, representing a premium of 114.09% over the pre-suspension closing price. The total investment involved is approximately up to 3.417 billion Hong Kong dollars.