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Goldman Sachs: Slightly raised the Target Price of COSCO Shipping Holdings to HKD 12.1, rating "Neutral".
Goldman Sachs released a research report stating that COSCO Shipping Holdings (01919) recorded a Net income of 49.1 billion yuan last year, a year-on-year increase of 106%, consistent with the preliminary performance released in January 2025. This indicates that the Net income for the fourth quarter of 2024 will be 11 billion yuan, a quarterly decline of 48%, but a year-on-year increase of 513%. Based on this performance, the bank considers the increase in investment income from associated companies and joint ventures for COSCO Shipping Holdings, but due to the decrease in net Cash / Money Market position leading to lower net interest income, the Net income forecasts for 2025 to 2027 have been adjusted from 0% to an increase of 1%. Therefore, the Target Price for H Shares is set at 12 Hong Kong dollars.
Shenzhen Yantian Port Faces Land Reclamation in Caofeidian
Yantian Port: Shenzhen Yantian Port Co., Ltd. 2024 Performance Report
February 26 A-share investment warning | Xuelong Group: There is no form of business collaboration with Yushu Technology; Shenzhen MinDe Electronics Technology: Shareholder Newland Digital Technology plans to reduce its shareholding by no more than 2%.
Shareholder Shanghai Yixing of Shanghai Yizhong intends to reduce its shareholding by no more than 1%; Shareholder Newland Digital Technology of Shenzhen MinDe Electronics Technology intends to reduce its shareholding by no more than 2%; Shareholder Lancy Co.,Ltd. of Guangzhou Ruoyuchen Technology intends to reduce its shareholding by no more than 3%; Shenzhen Zowee Technology's products are not applied in the AI glasses related field, nor have they signed any related agreements or orders; Xuelong Group has no business cooperation of any form with Yushu Technology; Aojie Technology has not provided any customized ASIC chip services to Alibaba Group; The revenue generated from the cloud terminal products of Bee Assistant accounts for a low percentage of the main business revenue; The land use rights of the associate company Caogang Co., Ltd. of Shenzhen Yan Tian Port Holdings are at risk of being reclaimed.
Shenzhen Yan Tian Port Holdings (000088.SZ): The related land use rights of the associate company Cao Gang Co., Ltd. are at risk of being reclaimed.
On February 25, Gelonghui reported that Shenzhen Yan Tian Port Holdings (000088.SZ) announced that it recently received a notification from its affiliated company, Caofeidian Port Group Co., Ltd. (referred to as "Caogang Co."), concerning three pieces of land within the comprehensive Logistics project and the Northern Maritime Steel Logistics Trade Center project in the Caofeidian industrial area. Due to delays in development, there is a risk of these three land parcels being reclaimed by the Caofeidian District Government without compensation. The land parcel numbers are 130209451053GB10002, 130209451053GB10004, and 130209451053GB1000.
Shenzhen Yan Tian Port Holdings (000088.SZ) performance report: The net income attributable to the parent company in the 2024 fiscal year is 1.345 billion yuan, a year-on-year increase of 21.37%.
On February 25, Gelonghui reported that Shenzhen Yan Tian Port Holdings (000088.SZ) announced its 2024 performance summary. In 2024, the company achieved a total operating income of 0.794 billion yuan, a year-on-year decrease of 11.16%; operating profit of 1.435 billion yuan, a year-on-year increase of 15.63%; total profit of 1.446 billion yuan, a year-on-year increase of 16.49%; net income attributable to shareholders of the listed company of 1.345 billion yuan, a year-on-year increase of 21.37%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses of 1.165 billion yuan, a year-on-year increase of 112.76%; basic EPS of 0.30.