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HAITONG SEC: Initiating coverage on BLUE MOON GROUP (06993) with an "Outperform Market" rating. Reasonable value Range 3.17~3.25 Hong Kong dollars.
The bank believes that the company's Supreme series concentrated laundry detergent will drive innovation in the laundry detergent market in 2024.
Blue Moon Group Holdings Ltd. Schedules Board Meeting for Annual Results
BLUE MOON GROUP: Notice of Board Meeting
New stocks debut | Chifeng Jilong Gold Mining (06693) listed for the first time, opened flat in the morning.
Chifeng Jilong Gold Mining (06693) was listed for the first time, and the announcement shows that a total of 0.206 billion shares were issued at a price of 13.72 HKD per share, with a minimum lot of 200 shares, resulting in a net amount of approximately 2.676 billion HKD. As of the time of reporting, there was no increase or decrease, priced at 13.72 HKD, with a transaction volume of 0.285 billion HKD.
The 'Laundry Liquid King' is investing money to achieve growth; Blue Moon is projected to have a loss exceeding 0.7 billion HKD in 2024.
First annual loss since going public.
Hong Kong stock movement | BLUE MOON GROUP (06993) rose over 3%, bolstered by high growth in new e-commerce channels, Institutions are bullish on the company's profitability continuing to improve.
BLUE MOON GROUP (06993) rose over 3%, as of the report, it increased by 3.04% to 3.05 Hong Kong dollars, with a transaction amount of 8.9534 million Hong Kong dollars.
Capital Allocation Trends At Blue Moon Group Holdings (HKG:6993) Aren't Ideal
