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Hong Kong stocks movement | NEXTEER (01316) plummeted over 10% as the annual EBITDA profit margin fell below management guidance, leading major banks to lower their earnings forecasts.
NEXTEER (01316) fell more than 10%, as of the time of writing, down 10.96%, priced at 5.2 Hong Kong dollars, with a transaction volume of 97.7763 million Hong Kong dollars.
Analysts Offer Insights on Consumer Cyclical Companies: Nexteer Automotive Group (OtherNTXVF), MINISO Group Holding (MNSO) and Meituan Dianping (OtherMPNGF)
[Brokerage Focus] HAITONG SEC: NEXTEER (01316) annual net profit increased by 68%, and steer-by-wire technology opens growth space, maintaining an "Outperform" rating.
Jinwu Finance | HAITONG SEC released a Research Report stating that NEXTEER (01316) will see a significant rebound in performance in 2024, with net income increasing by 68% year-on-year to 0.062 billion USD, and net margin improving to 1.4%. Although the North American business revenue slightly decreased by 3% year-on-year, the EBITDA profit margin increased by 2.3 percentage points to 8.1% through restructuring plans and supply chain optimization, demonstrating improved profitability quality. The company continues to lead in the Asia-Pacific region, with a revenue growth of 10% to 1.34 billion USD, and has established multiple cutting-edge technologies such as steer-by-wire and rear-wheel steering, laying the foundation for medium to long-term growth. The Earnings Reports indicate that NEXTEER 2
Hong Kong stock market movement | NEXTEER (01316) rose over 7% in the morning session as breakthroughs in steer-by-wire products were achieved, and the dividend payout ratio is expected to grow significantly in 2024.
NEXTEER (01316) rose over 6% in early trading, as of the time of writing, it is up 5.42%, priced at 6.03 Hong Kong dollars, with a trading volume of 77.4368 million Hong Kong dollars.
Special Contributor 大V: Deng Shengxing: The direction of Hong Kong stocks is unpredictable, it is advisable to focus on defensive stocks.
Hang Seng Index support level: 23600 resistance level: 24800. The Hang Seng Index closed at 24219 on Thursday (20th), down 551 points or 2.2%. The total market turnover for the day reached 294.8 billion yuan. The National Index fell 213 points or 2.3%, ending at 8950. The Technology Index dropped sharply by 204 points or 3.4%, closing at 5836. After Tencent's (00700) earnings announcement, multiple brokerages raised the Target Price, but the stock price fell 3.8% for the day, closing at 519.5 yuan, with turnover reaching 26.157 billion yuan. CSPC PHARMA (01093) rose 2.6% against the trend, being the best-performing blue chip. ALI HEALTH (002...
Hold Rating on Nexteer Automotive: Balancing SbW Potential and Market Challenges
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