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Guosen Securities Co., Ltd.'s (SZSE:002736) Share Price Is Matching Sentiment Around Its Earnings
Guosen: Maintains BABA-SW "Outperform Market" rating with a Target Price of 120-127 Hong Kong dollars.
Guosen released a research report stating that it maintains BABA-SW (09988) with an "outperform" rating. After its reorganization, Alibaba continues to invest in its core Business, while non-core businesses are enhancing efficiency or are up for sale. Slight adjustments to the company's FY2025-FY2027 revenue forecast to 986.1/1080/1182.2 billion yuan, mainly reflecting the weak domestic Consumer demand this quarter, and the decline in revenue growth from non-TaoTian businesses, partially offset by the rapid growth of TaoTian revenue; the company's FY2025-FY2027 adjusted net profit forecast is adjusted to 148.4/162.2/184.1 billion yuan, mainly reflecting the current quarter's AIDC business.
Kaiyuan Securities: Recommend undervalued leading Brokerages. Bullish on small and medium Brokerages with outstanding retail advantages and high performance elasticity.
Kyg Securities released a Research Report stating to recommend undervalued leading Brokerages, Bullish on small and medium Brokerages that have prominent retail advantages and high performance elasticity.
Open source securities: Policies to stabilize the stock market are successively implemented. The central bank's report outlines four strategies to address the risk of insurance companies' margin losses.
Kaiyuan Securities published a Research Report stating that strong demand for Retirement, ongoing effectiveness of product and channel transformations are expected to continue supporting stable growth of new orders in 2025, with a slight boost in value rate anticipated from the reduction of the scheduled interest rate, optimization of product structure, and integration of personal insurance and brokerage. The leading insurance companies are expected to achieve double-digit growth in NBV in the first quarter of 2025.
Guosen (002736.SZ): The issuance of shares to purchase Assets and the related Trade matters have obtained approval from the Shenzhen State-owned Assets Supervision and Administration Commission.
On December 20, Glonghui reported that Guosen (002736.SZ) announced that the company plans to purchase 96.08% of Wanhe Securities Co., Ltd. shares held by Shenzhen Capital Operation Group Co., Ltd., Shenzhen Kunpeng Private Equity Co., Ltd., Shenzhen Yeyou Group Co., Ltd., Shenzhen Innovation Investment Group Co., Ltd., Shenzhen Yuanzhi Fuhai No. 10 Investment Enterprise (Limited Partnership), Chengdu Jiaozi Financial Holdings Group Co., Ltd., and Haikou Financial Holdings Group Co., Ltd. through the issuance of A-shares (hereinafter referred to as "this Trade"). On December 20, 2024, the company received the Shenzhen Municipal People's Government.
Guosen: Maintains TOPSPORTS 'Outperform Market' rating, with a reasonable valuation of 3.8-4 Hong Kong dollars.
Guosen Securities released a research report stating that it maintains the profit forecast for TOPSPORTS (06110), expecting the Net income for the fiscal years 2025 to 2027 to be 1.44/1.79/1.92 billion yuan, year-on-year changes of -35.1%/+24.5%/+7.6%. The reasonable valuation Range is set at 3.8-4 HKD, maintaining an "outperform the market" rating. In the third quarter of the 2025 fiscal year, the total sales amount of the group's retail and wholesale Business recorded a single-digit decline year-on-year. As of November 30, 2024, the gross sales area of directly operated stores decreased by 2.1% compared to the end of the previous quarter, and decreased by 4.4% compared to the same period last year.
