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Hong Kong stock market fluctuations | Jiumaojiu (09922) continues to fall by more than 3%, with a cumulative price drop of 20% on the 4th. It is expected that the net profit in the first half of the year will decrease by nearly 70%.
Jiumaojiu (09922) fell more than 3% and its stock price has fallen by 20% over the past four trading days. As of press time, it fell 3.42% to HKD 2.82 with a turnover of HKD 16.918 million.
As the industry continues to experience sustained 'internal competition', Jiumaojiu (09922) is experiencing a freeze in market cap.
What will happen next to the former leader of the hot pot with sour fish, jiumaojiu's stock price falls again?
Hong Kong stocks are about to enter the performance period, and it is expected that there will be few bullish news to cash in.
Authored by / ATFX. Hong Kong stocks started the week with a rebound of more than 200 points, and the unexpected key interest rate cut by the central bank became the key to driving the rebound. On Tuesday, the rebound pattern continued. In addition, some of the Hong Kong stock market, which is ready to enter the performance period, is also guided by performance forecasts, but there are not enough bright profit surprises to boost the overall market. Xinyi Energy (03868) is expected to see a 25% to 35% drop in mid-term profit, and the group expects that its net profit for the six months ending in June will be reduced by 25% to 35%. Its profit in the same period last year was 0.568 billion yuan. The stock price has fallen for three consecutive days, and it further hit a decline of more than 3% today. The company points out that it owned solar energy in the first half of the year.
Goldman Sachs maintains its "buy" rating on Jiumaojiu (09922) with a target price of HKD 3.8, which has been lowered.
The management of jiumaojiu (09922) expects a dividend payout ratio of over 40% in the next few years, and up to 0.2 billion yuan in repurchases.
Jiumaojiu's Strategy Shift in 2H May Help Improve Financial Performance -- Market Talk
Hong Kong stocks change | Jiumaojiu (09922) continued to fall by more than 3%, hitting a new low. It is expected that net profit will drop by nearly 70% in the first half of the year, and second-quarter data will still be below expectations.
Jiumaojiu (09922) fell more than 3%, hitting a new historical low of HKD 2.94. As of the time of writing, it fell by 3.59% to HKD 2.95, with a turnover of HKD 20.9755 million.
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