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HK Stock Market News: Times Electric (03898) falls another 5%, beijing emerging eastern aviation equipment business growth lags behind expectations. IGBT business may drag down performance in the second half of the year.
Times Electric (03898) fell by more than 5% again, as of the deadline for submission, down 5.28% to HKD 27.8, with a turnover of 33.5836 million Hong Kong dollars.
Bank of America Securities: Maintains a "neutral" rating on Times Electric, with the target price raised to 34 Hong Kong dollars.
Bank of America Securities released a research report stating that it maintains a neutral rating on Times Electric (03898). Considering the second-quarter performance, the company's profit forecast for each year from this year to 2026 has been raised by 6%, 8%, and 6% respectively. The target price of H shares has been raised from HK$31.7 to HK$34. The report stated that the company's net profit for the second quarter increased by 31% year-on-year, in line with the previously announced preliminary performance; benefiting from the strong growth of railroad equipment, quarterly revenue increased by 16% year-on-year, surpassing the bank's expectations of 7%, and the gross margin reached 32.8%, increasing by 2.5 percentage points year-on-year but decreasing by 1.3 percentage points quarter-on-quarter, slightly lower than the bank's expectation of 33.3%. The bank pointed out,
Beijing Emerging Eastern Aviation Equipment (002933.SZ): Currently not involved in military robot dog business.
Beijing Emerging Eastern Aviation Equipment (002933.SZ) stated on its investor interaction platform on August 21 that the company is currently not involved in the military robot dog business.
Beijing Emerging Eastern Aviation Equipment: Summary of Half-Year Report in 2024.
Beijing Emerging Eastern Aviation Equipment: Half-year report for the year 2024.
Beijing Emerging Eastern Aviation Equipment (002933.SZ) currently does not have its products applied in the field of commercial big planes.
Beijing Emerging Eastern Aviation Equipment (002933.SZ) stated on its investor platform on July 19 that electrification and full electrification are the future direction of aircraft development. The company's fully electric servo system, fully electrified high-power actuating system, and starting generator system have been applied to the aviation equipment field. Currently, the company's products have not been applied in the commercial big plane field.
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