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First Shanghai (00227.HK) Yingxi: expected to achieve a turnaround from loss to profit in the middle of the year.
First Shanghai (00227.HK) announced on August 9th that for the six months ended June 30, 2024, the Group is expected to record a company shareholder applicable surplus of not less than approximately HKD 60,000,000, which is a reversal from the loss of approximately HKD 2,000,000 for the same period in 2023. This turnaround is mainly attributable to the recognition of gains from the sale of a non-wholly owned subsidiary of the company, approximately HKD 65,000,000.
Express News | First Shanghai Investments - Expected Result Due to Gain on Disposal of Equity Interest in Unit
Express News | First Shanghai Investments Ltd Sees Hy Profit Attributable Not Less Than HK$60 Mln
FIRST SHANGHAI: POSITIVE PROFIT ALERT
[Brokerage Focus] First Shanghai initiates a buy rating for Xiaomi Group (01810), indicating that the company's production capacity continues to climb and is bullish on the subsequent development of autos.
First Shanghai initiates coverage on Xiaomi Group (01810) with a buy rating. The bank pointed out that the competition pattern in the smartphone industry is relatively stable, and Xiaomi has been steadily ranked among the top three in global shipments of smartphones for several quarters. As of the first quarter of 2024, its market share reached 13.8%. Looking ahead, it is expected that the 5G device update cycle in emerging markets and the innovation driven by AI will jointly promote shipment growth; at the same time, given the sustained high demand for high-end smartphones worldwide, as well as the positive impact of high-end positioning on brand image, Xiaomi is actively optimizing user experience through brand segmentation, enriched product lines, and other strategies.
First Shanghai Upgrades Netflix to Buy From Hold, Adjusts Price Target to $742 From $690
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