Major bank rating | CLSA: Raises CHINA JINMAO's Target Price to HKD 1.32, maintains "Outperform the Market" rating.

Citi released a research report stating that CHINA JINMAO turned from a loss to a profit last year, with a basic profit recorded at 0.969 billion yuan. The group's property sales profit was relatively ideal, with the profit from newly acquired properties reaching 130% of the expected return last year. The bank indicated that the group is still in the early stages of revaluation, raising its Target Price from 0.8 HKD to 1.32 HKD, while maintaining an "outperform the market" rating.

Gelonghui Finance17minutes ago

Express News | China Jinmao Group : HSBC Raises to Buy From Hold

Reuters02:19 ET

[Brokerage Focus] Minsheng Securities maintains a 'Recommended' rating for CHINA JINMAO (00817), indicating that the company, backed by China Sinochem, has the financing cost advantages of a state-owned enterprise.

Jinwu Financial News | Minsheng Securities Research Reports indicate that as of December 31, 2024, CHINA JINMAO (00817) achieved revenue of 59.053 billion yuan, a year-on-year decrease of 18%; the net income attributable to shareholders was 1.065 billion yuan, a recovery compared to -6.897 billion yuan in net income attributable to shareholders for 2023. The company achieved a gross margin of 15%, an increase of 3 percentage points from 12% in 2023, mainly due to the growth in gross margin in the urban operation and property development segments. The report states that the company is expanding various fundraising channels and issued the third phase of CMBS for Jinmao Tower of 3.499 billion yuan in February 2024.

Jinwu Financial News01:26 ET

Announcement Highlights | Kuaishou's adjusted Net income in Q4 increased by 7.8% year-on-year, and the total revenue of Keliang AI exceeded 0.1 billion yuan; CHINA TELECOM will earn 33 billion yuan in net income in 2024.

CHINA TELECOM's net income in 2024 is 33 billion yuan; WULING MOTORS' net income attributable to shareholders is expected to increase by over 115% in 2024; Kuaishou's net income in 2024 is 15.335 billion yuan, an increase of 139.76% year-on-year.

cls.cn20:37 ET

Hong Kong Stock Morning Report | US stock index closed higher while Chinese concept stocks fell, Morgan Stanley raised the target point for the Hang Seng Index.

① The results of the Saudi talks between the USA, Russia, and Ukraine have been disclosed, achieving a consensus on a ceasefire in the Black Sea. ② Consumer confidence in the USA further deteriorated in March. ③ The three main US stock indices rose on Tuesday, while China Concept Stocks declined. ④ Data shows that the US stock market is in a state of "Institutions fleeing, retail investors buying heavily." ⑤ According to sources, Trump is considering implementing a two-step tariff system on April 2. ⑥ Morgan Stanley has raised the year-end target point for the Hang Seng Index.

cls.cn19:06 ET

China Jinmao Turns to Full-Year Profit

MT NewswiresMar 25 08:25 ET