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[Brokerage Focus] Guozheng International: The pullback in Hong Kong stocks provides a buying opportunity, with companies like Smol waiting to unleash their potential, maintaining a “Buy” rating.
Jinwu Financial News | Guozheng International released a Research Report pointing out that the Hong Kong stock market has recently undergone adjustments. After rising for 4 consecutive days, on March 20, the Hong Kong stocks significantly corrected, with the tech Sector leading the decline. The Hang Seng Index opened slightly lower at 17 points to 24,753 points before plummeting, dropping to a low of 24,186 points in the afternoon, and ultimately closing at 24,219 points, down 551 points or 2.23%. The Main Board's trading volume reached 294.9 billion Hong Kong dollars, an increase of 8.5% compared to the previous day. In terms of Hong Kong Stock Connect trading, after a large net Inflow on March 19, there was a net Outflow on the 20th, amounting to 0.408 billion.
Hong Kong stocks fluctuated | SMOORE INTL (06969) fell over 6% and profit ability is under short-term pressure. HNB products may contribute profits starting next year.
SMOORE INTL (06969) fell over 6%, as of the time of writing, down 6.21%, at 13.88 Hong Kong dollars, with a transaction volume of 0.403 billion Hong Kong dollars.
[Brokerage Focus] Sinolink maintains a "Buy" rating on SMOORE INTL (06969), indicating an improvement in its fundamentals.
Jingu Financial News | Sinolink released a research report indicating that SMOORE INTL (06969) announced its performance for 2024, with revenue and net income projected to increase by 5.3% and decrease by 20.8% year-on-year, reaching 11.8 and 1.3 billion yuan, respectively. Among these, Q4 revenue is 3.48 billion yuan, an increase of 9.8% year-on-year, and net income is 0.24 billion yuan, a decrease of 43.2% year-on-year. H2 revenue is 6.76 billion yuan, an increase of 11.8% year-on-year, and net income is 0.62 billion yuan, a decrease of 30.4% year-on-year, with overall performance meeting expectations. The bank stated that, by business, the company's ODM/OBM revenue decreased by 0.3% and /
【Brokerage Focus】Soochow maintains a "Shareholding" rating for SMOORE INTL (06969), which may benefit from the stricter e-cigarette regulations in Europe and the USA in the future.
Jinwu Financial News | Soochow Securities issued a Research Report stating that SMOORE INTL (06969) released its 2024 performance announcement. In 2024, the company achieved revenue of 11.799 billion yuan, a year-on-year increase of 5.6%; the Net income attributable to the parent company was 1.303 billion yuan, a year-on-year decrease of 20.8%. In the second half of 2024, the company achieved revenue of 6.761 billion yuan, a year-on-year increase of 11.8%, and the Net income attributable to the parent company was 0.62 billion yuan, a year-on-year decrease of 33.2%. The gross margin for 2024 was 37.4%, a year-on-year decrease of 1.3 percentage points, primarily due to changes in product structure; the net margin was 11.0%, a year-on-year decrease of 3.
Smoore International's 2024 Profit Slips
Smoore International: Will Introduce More Innovative Products to Meet Evolving Consumer Demands >6969.HK
苦瓜哥 : haha it's still a long way