China Merchants: Maintains a "shareholding" rating on China Edu Group, with the target price lowered to 4.9 Hong Kong dollars.

China Merchants Securities released a research report stating that it maintains a "shareholding" rating for China Edu Group (00839), while reducing the core net income forecast for the fiscal years 2025 to 2026 by 7 to 8% to reflect the company's slow growth, deleveraging, and higher taxes and fees. The target price was lowered from 7.8 HKD to 4.9 HKD. The company's core business remains stable, with 2024 fiscal year revenue of 6.6 billion yuan (RMB), a year-on-year increase of 17%, meeting expectations. The gross margin is 55%, and the adjusted net income is 2 billion yuan, a year-on-year increase of 3%, meeting expectations. The adjusted net income margin decreased from last year's 34% to this year's 30%. The report net

Sina Hong Kong stocksNov 27 23:56 ET

Hong Kong stocks are moving | The gains in china-affiliated brokerage stocks expanded further at the close. Brokerage mergers and acquisitions continue to heat up, and fourth-quarter brokerage performance is expected to see significant growth.

The gains of china-affiliated brokerage stocks further expanded towards the end of trading. As of the time of writing, china merchants (06099) is up 7.3%, trading at 14.4 HKD; everbright (06178) is up 5.39%, trading at 8.02 HKD; csc (06066) is up 4.86%, trading at 10.36 HKD; china international capital corporation (03908) is up 4.92%, trading at 13.64 HKD.

Zhitong FinanceNov 27 02:24 ET

gf sec has completed the issuance of 4.5 billion yuan of short-term csi enterprise bonds.

GF Sec (01776) has announced that the company’s public issuance of short-term csi enterprise bonds with a nominal balance not exceeding 20 billion yuan has been registered by the China Securities Regulatory Commission under document number [2023] 2404. According to the announcement for the public issuance of short-term csi enterprise bonds (the seventh phase) by GF Sec Co., Ltd. in 2024 aimed at professional investors, the planned issuance scale is not more than 4.5 billion yuan (inclusive), with an issuance price of 100 yuan per bond.

Sina Hong Kong stocksNov 21 19:23 ET

The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.

① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?

cls.cnNov 19 03:34 ET

Hong Kong stocks movement | China-affiliated brokerage stocks rebounded today as market liquidity improvement is bullish for the brokerage sector, and the fundamentals are expected to achieve significant improvement compared to both year-on-year and month

China-affiliated brokerage stocks rebounded today. As of the time of writing, China Merchants (06099) rose by 3.94%, priced at HKD 14.78; SWHY (06806) increased by 2.43%, priced at HKD 2.53; CSC (06066) went up by 1.96%, priced at HKD 10.4; China International Capital Corporation (03908) rose by 1.15%, priced at HKD 14.04.

Zhitong FinanceNov 19 02:26 ET

Hong Kong stock market anomaly | China-affiliated brokerage stocks further extended losses, with china merchants (06099) falling by more than 7% and csc (06066) falling by more than 5%.

China-affiliated brokerage stocks further expanded their decline, as of the time of writing, China Merchants (06099) fell by 7.1%, closing at 14.14 Hong Kong dollars; CSC (06066) fell by 5.25%, closing at 10.1 Hong Kong dollars; Citic Sec (06030) fell by 5.21%, closing at 21.85 Hong Kong dollars.

Zhitong FinanceNov 15 02:04 ET