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[Brokerage Focus] Haitong Securities initiates a 'Outperform' rating for Mai Fu Shi (02556) and expects the company's SaaS business to accelerate growth.
According to research reports from Haitong Securities, Maifushi (02556) is China's largest marketing and sales saas company and a leading global intelligent marketing cloud platform. The company ① provides marketing and sales software solutions to Chinese corporate customers through software as a service (saas) and ② provides accurate marketing services to help advertising clients place ads on top media platforms and effectively reach their target audience. In 2021-2023, the company's saas business revenue accounted for 50.0%/46.4%/57.0%, and accurate marketing services revenue accounted for 50.0%/53%.
Haitong Securities: First gave a rating of "Outperform" to Manulife (02556), with a target price of HKD 118.51-125.48.
As a leading marketing and sales saas company, Maifushi has a full-chain product system and a strong sales service network. It targets two types of customers, small and medium-sized enterprises (SMB) and large customers (KA), driving long-term market potential with dual wheels.
[Brokerage Focus] Citic Securities: HSCEI welcomes the results of the new round of quarterly reviews on August 16, and it is expected that 19 symbols will enter the Hong Kong Stock Connect.
Jingu Financial News | Citic Securities stated that the Hang Seng Index will undergo a new review on August 16th, and the adjustment will officially take effect on September 9th. The Hong Kong stock connect will also correspondingly adjust. The bank expects to have 19 symbols to be included in the Hong Kong stock connect, of which the technology, optional consumer, and energy sectors have higher market capitalization weight. Broken down by industry, including 5 technology companies: Maipu Times (02556), Quchizhu Group (00917), Zhixing Automotive Technology (01274), Shengneng Group (02459), and Yisou Technology (02550); 3 optional consumer enterprises: Auto Street (02443), ...
CITIC Securities: Hang Seng Index will welcome a new round of review results, and Alibaba-SW is expected to be included in the Hong Kong Stock Connect.
CITIC Securities released a research report stating that the Hang Seng Index will undergo a new round of review results on August 16, and the adjustment will take effect on September 9. Hong Kong Stock Connect will also be adjusted accordingly. The bank predicts that there will be 20 symbols included in the Hong Kong Stock Connect, among which the information technology, optional consumer, and energy sectors have higher market value weights. If Alibaba-SW (09988) successfully converts to a dual primary listing by the end of August, it may be included in Hong Kong Stock Connect in this review. The bank also recommends investors to pay attention to timing opportunities between the announcement date of the Hang Seng Index and the effective date of the Hong Kong Stock Connect. In addition, due to some arbitrage funds or before the effective date of the Hong Kong Stock Connect
When will the market cap bubble of Maitime (02556), which leverages a turnover of 280 million to drive a market value growth of tens of billions, "pop"?
Due to fierce market competition, reduced enterprise investment, and difficulty in profiting, SaaS companies have performed very poorly in the capital markets in recent years. Taking China Youzan (08083) as a representative SaaS symbol, its stock prices fell by 76.62%, 63.7%, and 26.53% from 2021 to 2023, and after three consecutive years of decline, China Youzan's decline in 2024 exceeded 40%, with a market cap reduced by over 98% from its peak. Against the backdrop of the capital market's obvious cooling attitude towards SaaS companies, a newly listed SaaS company has risen impressively.
Changes in Hong Kong stocks | McFTSE (02556) once rose more than 23% and rose nearly 90% from the offering price
At one point, McFTSE (02556) rose more than 23% to HK$82.8, up more than 89% from the offering price of HK$43.6. As of press release, it rose 20.28% to HK$80.35, with a turnover of HK$24.1417 million.
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