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.

新浪港股Dec 19 04:17 ET

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.

Sina Hong Kong StocksDec 17 21:46 ET

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.

Sina Hong Kong stocksDec 12 22:21 ET

bocom intl: Maintains buy rating on gds holdings-SW with a target price of 22.88 Hong Kong dollars

Bocom Intl released a research report stating that the target price of GDS Holdings-SW (09698) has been raised to 22.88 Hong Kong dollars, maintaining a "buy" rating. Due to the company's third-quarter performance meeting expectations and considering its accelerated expansion in overseas markets, the valuation given is closer to that of international peers. Bocom Intl pointed out that the company's revenue in the third quarter of 2024 is about 2.966 billion yuan, a year-on-year increase of 17.7%, adjusted EBITDA is 1.295 billion yuan, a year-on-year increase of 15%. The company maintains its full-year performance guidance unchanged, expecting annual revenue to be in the range of 11.34 billion to 11.76 billion yuan.

Sina Hong Kong StocksNov 24 22:54 ET

bocom intl: Raised beigene's target price to 159 Hong Kong dollars, with product sales and operation continuing to improve in Q3.

Bocom Intl released a research report stating that it has raised the target price of Beigene (06160) to 159 Hong Kong dollars, based on the 3Q performance and the continued strong trend in product sales volume, raising the revenue forecast for 2024-26 by 6-7%. At the same time, the peak sales forecast for Zejula is raised by 4% to 5.4 billion. The bank stated that in the next 12 months, they will focus on: 1) approval of more indications such as LESC, LGC, etc. for Tislelizumab in core developed countries like Europe and America, data readouts of I/O combination therapy (Tislelizumab in combination with OX40, LAG3, etc.); 2) Bcl-2 inhibitors.

Sina Hong Kong stocksNov 14 20:41 ET

Bocom Intl: In October, the domestic mobile game large cap remained stable, while tencent's holding of water flow was stable.

Bocom Intl released a research report stating that it gives a leading rating to the internet plus-related industry. The bank maintains Tencent (00700) third and fourth quarter mobile game revenue growth acceleration expectations (16%/21%), focusing on the stable revenue of "MDnF" and the progress of new games like "Dawn of the Stars" going online. The report mentions that Netease-S (09999) is expected to see marginal improvement in mobile game performance in the fourth quarter, with valuation at a historical low. Tencent's revenue remained strong in October, with domestic mobile games' net increase in revenue by 13% year-on-year, "MDnF" generating 1.3 billion RMB in revenue in October, continuing the downward trend compared to the previous month. Overseas revenue increased by 22% year-on-year, still affected.

Sina Hong Kong stocksNov 6 02:26 ET