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BOCOM INTL (03329.HK) acquired HSBC notes with a principal amount of 4.9 million US dollars.
Glory Financial announced on January 9 that BOCOM INTL (03329.HK) will acquire HSBC notes with a face value of 4,900,000 USD for about 4,973,247 USD in the over-the-counter market at a purchase price of approximately 100.667 USD on January 7, 2025.
Express News | BOCOM International - Acquisition of Notes at a Consideration of US$5 Mln
BOCOM INTL: Initially assigned a leading rating for the Logistics Real Estate Industry, recommending Buy for SF REIT.
BOCOM INTL released a research report stating that it has initiated coverage of the Logistics Real Estate Industry and assigned a leading rating, giving Prologis Inc (PLD.US) and SF REIT (02191) a "Buy" rating. Considering the multiple demand growth drivers and improvements in supply-demand relations over the next few years, the firm holds an optimistic view on the long-term prospects of the industry. The firm also believes that, in terms of rental growth and potential capital gains, Logistics Real Estate can offer excess returns compared to other Real Estate Assets. It also pointed out that further interest rate cuts by the Federal Reserve will continue to drive the revaluation of Logistics REITs, performing strongly in the short term. BOCOM INTL's main points are as follows:
BOCOM INTL: BABA-SW sells Intime to further focus on core Business and is Bullish on the company's performance turnaround opportunities.
BOCOM INTL released a research report stating that it expects BABA-SW (09988) to achieve an adjusted net income growth rate of 8% in the 2025 Calendar year. The previous view is maintained, suggesting attention to the possibility of accelerated improvement in revenue and profit driven by the recovery of Alibaba's core e-commerce business GMV growth and an increase in monetization rate. Alibaba announced on December 17 that it would sell 100% of the equity of Intime to a buyer consortium composed of Youngor Group and members of the Intime management team. The total amount from this sale is 7.4 billion yuan (approximately 1 billion USD), and the estimated loss from this sale is 9.3 billion yuan (approximately 1.
BOCOM INTL: The sale of Intime by BABA-SW has an impact on total revenue of less than 1%.
BOCOM INTL released a research report stating that BABA-SW (09988) recently announced that the company and another minority Shareholder agreed to sell 100% of the equity of Yintai to a purchasing consortium composed of Youngor Group and members of the Yintai management team. Alibaba currently Holds approximately 99% of Yintai. The total proceeds from the sale of Yintai by Alibaba are approximately 7.4 billion RMB, and a loss of about 9.3 billion RMB is expected from the sale. BOCOM INTL believes that this sale will impact Alibaba's Earnings Reports with a one-time accounting loss but will not affect adjusted Operation profits. Furthermore, due to Yintai's overall small revenue and profits, the impact on Alibaba's total revenue is minimal.
BOCOM INTL: Initiates coverage of Fortune Real Estate Investment Trust with a "Buy" rating and a Target Price of HKD 5.86.
BOCOM INTL released a research report stating that it initiates coverage on Fortune Real Estate Investment Trust (00778) with a "Buy" rating. The fair value derived from the Dividend Discount Model (DDM), plus a 30% liquidity discount, arrives at a Target Price of HKD 5.86. In terms of Market Cap, Fortune Real Estate Investment Trust is currently the third largest REIT listed on the Hong Kong Stock Exchange. As of the first half of 2024, Fortune Real Estate Investment Trust has approximately 3 million square feet of retail investment portfolio focusing on Hong Kong, with over 72% of tenants belonging to the daily necessities Industry. The group is believed to have multiple investment advantages and stock price driving factors.
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