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CGS: ANNOUNCEMENT - POLL RESULTS OF THE SECOND EXTRAORDINARY GENERAL MEETING OF 2024 AND DISTRIBUTION OF 2024 INTERIM DIVIDEND
China Silver Securities: Maintains a "Recommended" rating for tongchengtravel, with Q3 overall revenue growth exceeding previous expectations.
China Galaxy Securities released a research report stating that it maintains a "recommended" rating for tongchengtravel (00780), expecting the adjusted net income for 2024-2026 to be 2.7 billion yuan / 3.6 billion yuan / 4.5 billion yuan. The company's outbound travel business is expanding well, with a gradual recovery and refined investment in subsidies, resulting in a significant decrease in the proportion of sales and marketing expenses in revenue, while the takerate continues to improve. There is considerable potential for future business growth and profitability. Event: The company released its third-quarter performance report. In Q3 2024, the company achieved revenue of 4.99 billion yuan, a year-on-year increase of 51.3%, with overall growth surpassing expectations.
china galaxy (06881.HK) has successfully issued 2 billion yuan of short-term financing bonds.
Geelonghui November 20th | China Galaxy (06881.HK) announced that, according to the authorization of the shareholders, the company has completed the issuance of the 12th tranche of short-term financing bonds for the year 2024 on November 20, 2024. The issuance size of this tranche of financing bonds is 2 billion Chinese yuan, with a face value and issue price of 100 Chinese yuan per unit. The term of this tranche of financing bonds is 92 days, with a final face interest rate of 1.89%. The funds raised from the issuance of this tranche of financing bonds will be used to supplement the company's working capital.
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?
CGS Sells 4 Billion Yuan of 183-Day Commercial Paper
Market rumors circulating of CITIC and China Galaxy reorganization news. China Galaxy (06881) rose by 4.71%, leading the brokerage sector higher.
Kingwu Financial News | China Galaxy leads the brokerage sector, as of the press release, China Galaxy (06881) is up 4.71%, China International Capital Corporation (03908) is up 2.89%, Orient (03958) is up 1.86%, and CC Securities (01375) is up 1.59%. On the news front, the stock prices of China Galaxy and China International Capital Corporation reversed yesterday (13th), sparking speculation about merger and reorganization once again. Both brokerages stated to the media after the market closed that they were unaware of the news, all subject to official announcements. Media cited sources close to China International Capital Corporation speculating that the merger and reorganization plan of the two enterprises is about to be finalized, with China International Capital Corporation's wealth to be transferred to China Galaxy.
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