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haitong sec: Initial rating for zhongsheng hldg is "outperform the market", with a fair value of 22.34-25.54 Hong Kong dollars.
haitong sec released a research report stating that it has initiated coverage on zhongsheng hldg (00881), with an "outperform" rating, expecting the company's revenue in 2024/25/26 to be 169.9/191.7/218.5 billion yuan respectively, net income attributable to shareholders to be 3.5/5.1/6.7 billion yuan respectively, and EPS to be 1.45/2.13/2.79 yuan respectively. The reasonable price range is 22.34-25.54 Hong Kong dollars. Key points from haitong sec include: Zhongsheng Holding is a leading enterprise among car dealers in China. According to the company's 2024 interim report, Zhongsheng has 419 dealerships nationwide, with luxury brands.
The purpose of raising 10 billion is clear, gtja (601211.SH) and haitong sec (600837.SH) are disclosing more details about their merger and restructuring.
GTJA Securities and Haitong Securities are both one of the oldest and largest comprehensive securities firms in China, and both have successfully crossed all stages and cycles of development in China's capital markets.
Haitong Securities Announces Major Merger Plans for 2024
Chinese brokerage sector rebounded in the afternoon, with some individual stocks reversing their declines. Everbright Securities (06178) rose by 1.54%.
King Wu Financial News | After a short-term pullback in Chinese brokerage sector in the afternoon, some stocks reversed their losses. Everbright (06178) rose 1.54%, GTJA (02611) rose 1.37%, Haitong Sec (06837) rose 1.3%, csc (06066) rose 1.12%, and citic sec (06030) rose 0.88%. In terms of news, GTJA and Haitong Sec jointly announced that the State Administration for Market Regulation has decided not to carry out further reviews of the proposed merger concerning operator concentration antitrust examination, and all necessary antitrust filings regarding the proposed merger submitted have been approved.
Hong Kong stocks unusual movement | Merger case passed anti-monopoly review, gtja (02611) opened nearly 4% higher, haitong sec (06837) opened more than 2% higher.
gtja (02611) and haitong sec (06837) opened higher in the morning, as of the time of this report, gtja is up 3.75%, reported at 12.16 HKD; haitong sec is up 2.46%, reported at 7.08 HKD.
gtja (02611) and haitong sec (06837) proposed merger and stock swap approved by Shanghai State-owned Assets Supervision and Administration Commission.
gtja (02611) and haitong sec (06837) jointly announced that on November 18, 2024, ...
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Jimmy w : Does this mean Futu will take off?
bullrider_21 OP Jimmy w : I think after a consolidation, it will rise again.