UBS Group: CHINAHONGQIAO (01378) strong dividend exceeds expectations, raising the Target Price to 17.9 Hong Kong dollars.

UBS Group released a research report, maintaining a "Buy" rating for CHINAHONGQIAO (01378), and raised the Target Price from 14 HKD to 17.90 HKD.

Zhitong FinanceMar 18 20:39 ET

CHINAHONGQIAO (01378) spent 0.3 billion Hong Kong dollars to repurchase 20.548 million shares on March 18.

CHINAHONGQIAO (01378) announced that on March 18, 2025, the company will spend 0.3 billion HKD to repurchase 20...

Zhitong FinanceMar 18 20:05 ET

[Brokerage Focus] SWHY maintains a "Shareholding" rating for CHINAHONGQIAO (01378), indicating that the company's integrated layout is complete and profitability flexibility is expected to be fully released.

Jingwu Financial News | SWHY released a research report indicating that CHINAHONGQIAO (01378) announced its full-year performance for 2024, with the net income attributable to the parent company increasing by 95.2% year-on-year. 1) Performance Overview: In 2024, the company achieved revenue of 156.17 billion yuan, a year-on-year increase of 16.9%, and achieved a net income of 22.37 billion yuan, a year-on-year increase of 95.2%. For H2 2024, the net income attributable to the parent company is 13.2 billion yuan, a year-on-year increase of 46.8%, and a quarter-on-quarter increase of 44.4%. 2) Main Reasons for Performance Growth: The company's aluminum alloy products and alumina products experienced simultaneous volume and price increases, while the procurement prices of raw materials such as Coal and anode carbon blocks on the cost side.

Jinwu Financial NewsMar 18 03:48 ET

China Hongqiao Plans Issue of $300 Million Convertible Bonds, Stock Buyback; Shares Rise 4%

MT NewswiresMar 18 01:45 ET

CHINAHONGQIAO (01378) will significantly increase dividends by 156% in 2024 and will continue to adhere to a high dividend distribution strategy over the long term.

On March 17, CHINAHONGQIAO (01378) held a press conference in Hong Kong to announce the annual performance for 2024.

Zhitong FinanceMar 17 20:36 ET

UBS, CICC and DBS Among Banks Advising China Hongqiao on Convertible Bonds Issuance

Dow JonesMar 17 20:09 ET