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Major Bank Rating | Haitong International: Raises China State Con's target price to HKD 14.7, and ROE and operating cash flow continue to improve.
Haitong International released a research report indicating that the ROE of China State Con for the 2023 fiscal year reached 15.3%. Operating cash flow turned positive, reaching HKD 0.5 billion. The management is confident about further improvement of ROE and operating cash flow. More and more MiC technology (modular integrated construction) related projects are driving business growth in the Hong Kong and Macao regions, and the development of the Northern Metropolis has also brought new commercial contracts to the company. The group's target for the 2024 fiscal year is to sign new contracts amounting to no less than HKD 210 billion, maintain double-digit growth in net income, maintain a dividend payout ratio of about 30%, and expect a proportion of technology-related businesses that will not be less than.
Brokerage Focus: CITIC Securities expects a turbulent upward trend in the A-share market in the second half of the year.
Jingu finance news | CCB international releases its outlook on Hong Kong stock market strategy for the second half of the year. The Hong Kong stock bear market since 2023 ended in January this year and has entered a shaking bull market. The Chinese fundamentals remain moderately repaired, and the policy tone continues to be based on stability. The chance of issuing strong stimulus policies is small, and the "strong production and weak demand" pattern will persist for a while, with a slight fluctuation in corporate profit recovery. The orderly slowdown of inflation and employment in the United States, along with a moderate economic growth, is expected to result in the earliest Fed rate cut in September this year and marginally benefit Hong Kong stock liquidity. The Hang Seng Index is currently at a historically low valuation level, and listed companies are actively buying back and increasing dividends.
Investing in China State Construction International Holdings (HKG:3311) Three Years Ago Would Have Delivered You a 150% Gain
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But if you buy shares in a really great company, you can more than double
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
China State Con International (03311.HK) subsidiary, CCCG International Investment, has entered into a factoring arrangement.
On June 28th, Gelunhui announced that China State Con International (03311.HK) had made a factoring arrangement with China State Con International Investment (an indirect wholly-owned subsidiary of the company), and on the same day, China State Con International Investment (1) entered into an accounts receivable transfer agreement with Zibo Haixin, and (2) entered into a factoring agreement with China State Conmercial Factoring regarding the transfer of accounts receivable to it. China State Conmercial Factoring (a) provided RMB 130 million (equivalent to approximately HKD 143 million) in principal to China State Con International Investment at a discount rate of 90.28% and in accordance with the factoring agreement from the date of withdrawal.
With EPS Growth And More, China State Construction International Holdings (HKG:3311) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as P
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