China Merchants Securities: Maintaining a "neutral" rating on Bud APAC, with the target price lowered to 8 Hong Kong dollars.

China Merchants Securities released a research report stating that the repeated losses in the Asia Pacific Western region caused Bud APAC (01876) to have EBITDA in the third quarter 16% lower than market expectations. This is the second consecutive quarter that Bud APAC has failed to meet expectations. The bank believes that there are no positive catalysts at the end of the year. The recent stock price decline seems to have already reflected the weak quarterly performance, maintaining a 'neutral' rating. The target price has been reduced from HK$10.11 to HK$8. Looking ahead to next year, the bank is skeptical about the feasibility of regional price increases for Bud APAC, which is in line with the bank's cautious forecast of gross margin, as favorable factors in raw material costs may

Sina Hong Kong stocksOct 31 23:06 ET

Express News | Chinese brokerage stocks surged in the Hong Kong market, with SWHYhk climbing 18% and ZHONGTAIFUTURES jumping 14%.

Moomoo 24/7Oct 30 22:56 ET

Hong Kong stocks anomaly | China-affiliated brokerage stocks accelerated their decline in the morning, with Daiwa Securities stating that the stock market has already reflected most of the optimism. Profit forecasts still face downward pressure.

China-affiliated brokerages' stocks accelerated their decline in the morning. As of the time of publication, China Merchants (06099) fell by 5.65%, to HK$12.68; Orient (03958) fell by 3.11%, to HK$4.98; CSC (06066) fell by 2.87%, to HK$9.15; Everbright (06178) fell by 2.55%, to HK$7.65.

Zhitong FinanceOct 29 23:45 ET

The Smart Hong Kong Stock Early Access | Xiaomi autos delivered 0.02 million units in October, with gold prices continuing to rise.

Gold prices continue to rise, comex gold futures up 1.12%, trading at $2786.70 per ounce. Comex silver futures rose 1.84%, trading at $34.625 per ounce.

Zhitong FinanceOct 29 19:41 ET

Third Quarter Report 2024

SZSIOct 29 12:00 ET · Announcements

china merchants (600999.SH): the net income for the first three quarters was 7.149 billion yuan, a year-on-year increase of 11.68%.

On October 29, china merchants (600999.SH) announced that the company's revenue for the first three quarters was 14.279 billion yuan, a decrease of 3.98% year-on-year; net income attributable to the parent company was 7.149 billion yuan, an increase of 11.68% year-on-year. In the third quarter alone, the revenue was 4.684 billion yuan, a 14.89% year-on-year increase, and the net income attributable to the parent company was 2.402 billion yuan, a 43.43% year-on-year increase. The increase in net income is mainly due to the increase in operating income.

Gelonghui FinanceOct 29 09:39 ET