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[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
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