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Analysts Offer Insights on Consumer Cyclical Companies: Nexteer Automotive Group (OtherNTXVF) and The Estée Lauder Companies (EL)
AXINTE INTERNATIONAL: Rated Nexteer "buy" with a target price lowered to HKD 4.
In the first half of 2024, the company's revenue reached 2.1 billion US dollars, unchanged from the previous year, with a net income attributable to the parent of 15.69 million, a significant year-on-year decline of 54%.
Nexteer Automotive Reports Interim Results
Hong Kong stocks closed (08.15) with a slight drop of 0.02% in the Hang Seng Index. Network technology stocks performed weakly, while coal, pharmaceutical, and financial stocks were active.
July's important economic data has been released, and Hong Kong stocks opened low and then rose, with the Hengkang index rising more than 1% at one point. The afternoon saw a gradual narrowing of the increase, with the Hang Seng Index and the Hengkang Index turning green one after the other.
Nexteer Automotive Group (NTXVF) Gets a Buy From DBS
Daiwa has reiterated the outperform rating for Nexteer (01316) and lowered the target price to HKD3.1.
Global auto production outlook is negative, and Daiwa has lowered Nexteer's revenue forecast for 2024 to 2026 by 8 to 9% and net income forecast by 17 to 18%.
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28282828 : Ya this was in the Strait Times this morning. Nio is taking the longest to pay the bills
71229336Bedbugguy 28282828 : Nio and tlry to join forces to replace management team
72734102 : China cars aren’t selling in EU! Tesla Leads as always!