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CITIC Securities: Three-dimensional analysis of space, path, and profit reveals great opportunities for global auto parts globalization.
Now is the right time to go global. The accelerated globalization of high-quality domestic parts supports a new round of growth in the domestic parts industry in terms of space, path, and profitability. It is expected to create a new global leader.
[Brokerage Focus] CMB International cuts Tongda Group's (00698) target price by 7.1%, but bullish on the recovery of mobile business in the second half of the year.
Jingu Caixun | Zhongyin International released a research report stating that Tongda Group (00698) will release its 1H24 performance on August 28. The Bank estimated 1H24 revenue/net income of HKD 2.6 billion/35 million (YoY -10%/+82%), mainly driven by the recovery of Android smart phone market, overseas home and sporting goods customer stock-up, the demand recovery of network communication routers brought by Wifi-7 upgrade, and the steady maintenance of GPM in various business sectors. Looking forward to 2H24/FY25E, the Bank is bullish on the recovery of the mobile phone business and the steady maintenance of ASP, as well as the winning of orders for home and sporting goods.
Express News | Tongda Group - Unit to Subscribe for Ping an Bank Wealth Management Product for RMB44 Mln
Hong Kong stocks fluctuate: the performance of Apple suppliers is weak, and Sunny Optical Technology Group (02382) fell by 3%. Guo Mingchi predicts that there will be no significant change in iPhone 16 orders.
Apple suppliers have performed poorly. As of press time, Sunny Optical (02382) fell 3.12%, reporting HKD 48.1; Tongda Group (00698) fell 2.35%, reporting HKD 0.083.
Tongda Group Schedules Key Financial Board Meeting
Tongda Group (00698.HK) held a board of directors meeting on August 28 to approve and announce its interim results.
Tongda Group (00698.HK) announced on July 17th that the board of directors meeting will be held on Wednesday, August 28, 2024, to approve and publish the unaudited interim performance of the company and its subsidiaries for the six months ended June 30, 2024, and to consider paying interim dividends (if any).
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