bocom intl: sino biopharm's 3Q24 performance exceeded expectations, acquiring the controlling rights of the first A-share company.

Bocom Intl released a research report stating that sino biopharm (01177) 3Q24 revenue increased by 14.3% year-on-year to 5.47 billion yuan, with adjusted net income increasing by 58.0% to 0.6 billion yuan, both exceeding the bank's expectations. Management maintains the guidance of double-digit revenue growth for the full year. In addition, the company acquired control of Hoauoboo (688656.SH), entering the immune diagnostic track, with an acquisition price of 33.74 yuan/share. After completion, Hoauoboo will become the first subsidiary of sino biopharm listed on the A-share market. The bank believes that its product portfolio will complement the company in the fields of respiratory, autoimmune, and other diseases.

Sina Hong Kong stocksOct 31 21:41 ET

Bocom Intl: Maintains the flat glass 'neutral' rating with a target price of 13.15 Hong Kong dollars.

Bocom Intl released a research report stating that it maintains a "neutral" rating on flat glass (06865), with profit downgrades of 44%/49%/29% for 2024-26. The company's ROE from 2019-23 ranged from 15-27%, with an estimated average of 12.7% for 2021-25 and a target price of 13.15 Hong Kong dollars. The bank believes: 1) the industry is effectively destocking, 2) the rapid elimination of small kilns is faster than expected, and 3) the industry as a whole can effectively control new capacity in the next 12 months, pushing for more sustainable valuation improvements, which is also the key for the bank to consider upgrading its rating.

Sina Hong Kong stocksOct 30 22:38 ET

bocom intl: Raised bilibili-W target price to HK$194, saying 'Three Cunning' game revenue exceeded expectations.

Bocom Intl published a report stating that the target price of Bilibili-W (09626) was raised by 25%, from 155 Hong Kong dollars to 194 Hong Kong dollars, maintaining a "buy" rating. The bank indicated that due to the better-than-expected performance of Bilibili's game "Three Kingdoms: Strategy to Win the World" ("Three Strategies"), the revenue for Bilibili in the third quarter was raised by 1% to 7.3 billion yuan, with the expected gross margin of the group increasing by 9 percentage points to 34% year-on-year. At the same time, taking into account revenue deferral, Bocom Intl raised the third quarter and full-year 2024 game revenue for Bilibili to 19 billion and 5.6 billion yuan respectively. Based on the impressive revenue of "Three Kingdoms: Strategy to Win the World".

Sina Hong Kong stocksOct 17 00:04 ET

Bocom Intl raises jd.com logistics target price to 16.3 Hong Kong dollars, expected third-quarter profits exceed expectations.

Bocom Intl released a report stating that based on the industry's improved investment sentiment and the upward adjustment of valuation center, the target price of jd.com logistics (02618) has been raised from 11.3 Hong Kong dollars to 16.3 Hong Kong dollars, maintaining a 'buy' rating. The bank predicts that jd.com logistics' third-quarter revenue will increase by 6% year-on-year to 44.2 billion Chinese yuan, in line with expectations of institutions and the market, compared to the growth rate of 8% in the previous quarter, showing a consistent trend with social retail sales. Bocom Intl expects jd.com logistics' adjusted net income to be 1.09 billion Chinese yuan, a 29% year-on-year increase, 15% higher than the bank's previous expectations, compared to the market's expectation of 7.2.

Sina Hong Kong StocksOct 16 04:30 ET

Bocom Intl: Raised xpeng-W target price to 77.36 Hong Kong dollars, believes P7+ pricing still adopts a more aggressive strategy.

Bocom Intl released a research report stating that based on the latest sales and revenue forecasts, the target price of xpeng-W (09868) has been raised to 77.36 Hong Kong dollars, corresponding to a 2x forecast p/s ratio for 2025. The report mentioned that xpeng unveiled the presale price of the new car at the auto show. Following the successful pricing and positioning of the M03, the bank believes that the pricing of the P7+ will still adopt a more aggressive strategy, continuing to disrupt the market. With the decrease in core bom costs of the P7+ battery and intelligent driving, the bank expects pricing to bring surprises, anticipating a popular product. The bank has raised xpeng's 2025 and 2026 sales volume forecasts by 35% and 27% respectively, to 33,000 units.

Sina Hong Kong StocksOct 14 22:42 ET

Bocom Intl: Maintains a 'buy' rating on Link REIT with a target price of 47.7 Hong Kong dollars.

Bocom Intl released a research report stating that it maintains a "buy" rating for Link REIT (00823) with a target price of HK$47.7 unchanged. The bank sees Link REIT's business remaining stable, with rents expected to increase slightly. Coupled with the cycle of interest rate cuts already underway, further rate cuts in the future are expected to boost dividend income. Bocom Intl's main points are as follows: High occupancy rates maintained, with slight rent increases. As of June 30, the rental rates for retail and office properties in China Hong Kong remained high at 97.5% and 99.2% respectively, while in Australia and Singapore, retail occupancy rates reached 99.5% and 98.4% respectively. The first quarter of the 2025 fiscal year.

Sina Hong Kong StocksOct 7 23:07 ET