09911 NEWBORNTOWN
- 3.100
- -0.120-3.73%
NEWBORNTOWN News
[Brokerage Focus] Xiniu Securities maintains a "buy" rating on newborntown Technology (09911), expecting Sugo and TopTop to achieve double revenue growth.
King Golden Financial News | Xiniu Securities issued research reports, stating that newborntown (09911) achieved a total revenue of 2.27 billion RMB in the first half of the fiscal year 2024, a growth of 65.3% compared to the same period last year, with about 2.07 billion RMB coming from social business. The bank mentioned that the company benefited from the strong performance in the MENA region, with Sugo and TopTop contributing more than 30% of the group's revenue, remaining the main growth drivers for the group. In June 2024, Sugo generated revenue exceeding tens of millions of US dollars, accounting for approximately 24% of the total revenue of the group's social business. The bank expects Sugo and
newborntown (09911.HK): Three D Partners Limited further purchased a total of 2.888 million shares based on stock purchase.
Grünerlü 4th of October ǀ Newborntown Technology (09911.HK) announced that from April 28, 2023 to July 26, 2024, Three D Partners Limited purchased a total of 3442.4 shares from the market. Subsequently, from September 23, 2024 to October 4, 2024, Three D Partners Limited further purchased a total of 2.888 million shares from the market, with an average cost of approximately 3.23 Hong Kong dollars per share. Three D
Newborn Town Inc. (HKG:9911) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Tianfeng: Maintains a "shareholding" rating for Newborntown Technology (09911) with a target price of HK$4.08.
After the acquisition is completed, Tianfeng Securities predicts that Newborntown's FY2025-FY2026 company revenue will reach 7.35/9.37 billion RMB.
NEWBORNTOWN: Interim Report 2024
【Brokerage Focus】Guoyuan International points out that the US interest rate cut cycle forms a substantial bullish trend for the Hong Kong internet plus-related sector.
Jingu Finance News | Guoyuan International stated that overall, the Federal Reserve's announcement of interest rate cuts and the beginning of an interest rate cutting cycle are substantial bullish for the Hong Kong internet plus-related sector. Due to the market liquidity easing brought about by the interest rate cuts, it is beneficial for international capital to flow into higher-risk preference assets. The valuation of the Hong Kong internet plus-related sector is currently at historically low levels, and future performance growth will be driven by cost reduction, efficiency improvement, and technological iteration, further enhancing the safety margin and continuously increasing its attractiveness to capital. Currently, investment strategies should still focus on the implementation of AI scenarios and the recovery of consumer sector. The bank recommends paying attention to companies including China Lit Group (00772), Lian
We Ran A Stock Scan For Earnings Growth And Newborn Town (HKG:9911) Passed With Ease
Effective today! newborntown (9911.HK) has been included in two indexes of the FTSE Global Equity Index Series.
Recently, FTSE Russell has released the latest FTSE Global Equity Index Series (FTSE GEIS) semi-annual review report, announcing the adjustment of constituent stocks in the GEIS China index. China's leading social entertainment company, Newborntown Technology (9911.HK), has been included in two of the indexes, effective from today.
[Brokerage Focus] Guoyuan International focuses on the profitability improvement of the internet plus-related sector, with going abroad and AI still being the main theme.
Jingu Financial News | Guoyuan International stated that overall, due to the slightly lower-than-expected recovery of the domestic economy, it has affected investors' confidence in the Hong Kong stock market. Currently, chinese internet companies are focusing on their main business and cutting unprofitable operations under the current macroeconomic background, ensuring net income by reducing costs and increasing efficiency, continuously optimizing the overall situation. The market generally expects a high probability of a Fed rate cut in September, which is bullish for Hong Kong stocks in terms of liquidity, and on the other hand, the internet sector in Hong Kong stocks that are sensitive to interest rates is expected to generate upward momentum. The bank recommends focusing on Hong Kong internet companies with good liquidity and stable dividends, as well as US internet companies benefiting from the recovery in consumer consumption.
[Brokerage Focus] Soochow Securities maintains a "buy" rating on newborntown technology (09911), bullish on the company's product matrix development strategy and the potential for growth of late-stage products.
Jinwu Finance News | Soochow Securities issued a research report pointing out that Newborntown Technology (09911) achieved a 24H1 revenue of 2.27 billion yuan, yoy+65.3% (previously forecasted as 22.5~2.3 billion yuan). Net income attributable to shareholders was 0.22 billion yuan (previously forecasted as 2.1~0.24 billion yuan), yoy+21.3%. Adjusted EBITDA was 0.45 billion yuan, yoy+29.2% (previously forecasted as 4.3~0.46 billion yuan). The performance is basically in line with the previous forecast. In addition, the company held multiple events worldwide from July to August this year, such as the SUGO three-year anniversary celebration.
Newborn Town Appoints Former ZTE Exec as COO
Newborntown Technology (09911) SUGO monthly revenue exceeds $10 million, becoming the company's largest revenue-generating product.
Recently, newborntown (09911) released its mid-term performance in 2024, with social business revenue reaching 2.07 billion yuan, a year-on-year increase of 67%. The company's late-stage products have grown rapidly, with TopTop revenue doubling year-on-year in the first half of the year and SUGO revenue increasing by over 250%, becoming another multi-million dollar monthly revenue product after MICO.
Newborn Town H1 Profit Jumps 21%
Newborntown Technology announces its mid-term performance: The latecomer social products have exploded, and the revenue from the Middle East and North Africa market has grown by more than 44%.
Newborntown Technology (09911.HK) announced its mid-term performance in 2024, benefiting from the continuous explosion of mass social products and further growth in the Middle East and North African markets. The company continued its growth trend in recent years, with significant improvements in major operational indicators. The announcement shows that in the first half of the year, the company's revenue reached RMB 2.272 billion, an increase of approximately 65% year-on-year; net income for the period reached 0.388 billion yuan, a 28% year-on-year increase; profit attributable to owners of the company (net profit) was 0.225 billion yuan, a 21% year-on-year increase; adjusted EBITDA reached RMB 0.448 billion, a 29% year-on-year increase. Among them, the social business
Express News | Newborn Town Inc - Resolved That No Interim Dividend Would Be Declared
Express News | Newborn Town H1 Gross Margin 50.2%
Express News | Newborn Town H1 Capex RMB 4.6 Million
Express News | Newborn Town H1 Adjusted Ebitda RMB 448.5 Million
Express News | Newborn Town H1 Gross Profit RMB 1,141 Million
Express News | Newborn Town H1 Net Income RMB 387.6 Million
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