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Carote Ltd Invests in Hangzhou Properties
Express News | Carote - Deal to Acquire Office Premises and Parking Spaces for RMB66.5 Mln
Express News | Carote Ltd - Acquisition of Properties
CMB International Starts Carote at Buy With HK$8.97 Price Target
Brokerage Focus: CICC initiates coverage on Karot (02549) with a 'buy' rating and a target price of 8.97 Hong Kong dollars.
Jinwu Financial News | CICC International issued research reports, stating that Calotte (02549) is a global kitchenware brand, mainly sold online, with business covering approximately 19 countries and regions (including China, usa, etc.) and 19 platforms (including amazon, walmart, Tmall, etc.). The bank pointed out that Calotte is growing rapidly in China, seizing market share, especially on Taobao and Tmall. At the same time, the company's growth rate in overseas markets is even faster, because its popularity continues to rise, overseas expansion is more conducive to profit margin improvement, and there is still considerable room for growth in Western Europe and Japan markets. The bank expects fiscal years 2023 to 2026.
[IPO Monthly Report] The hot market for Hong Kong IPOs in October remains unabated. The oversubscription ratio of Karotex was 1346 times, and China Resources Beverage may become the "capital freezing king" of the year.
In September, Midea Group Co., Ltd. (00300) raised 35.7 billion yuan, becoming the largest in the Hong Kong stock market since February 2021, the largest in Asia in the first three quarters of 2024, and the second largest in the world by 2024. The Chief Executive Officer of HKEX, Bonnie Chan Yi-Ting, stated: "Recently, the HKEX welcomed the largest in Asia and the second largest in the world in terms of new stock listings this year. Refinancing activities are also very active, demonstrating the depth and attractiveness of our market. The number of new stock listing applications further consolidates Hong Kong's position as the preferred new stock fundraising center in Asia. In addition, Alibaba has converted to a dual primary listing and was subsequently included in the Stock Connect."
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