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Horizon CD (09930.HK) achieved year-on-year revenue growth in the first three quarters, with the number of global business outlets increasing to 563.
On October 21, 2024, Horizon CD (09930.HK) announced that since 2024, the group has adhered to a prudent development strategy, continuously consolidated its leading position in the domestic market, and accelerated the layout of overseas market business. During the nine-month period ending on September 30, 2024, the group's unaudited revenue achieved a year-on-year growth compared to the same period last year. As of the end of this review period, the group's global business network has increased to 563, with a platform management scale of over 214,800 units. The group continues to increase the expansion speed of overseas business, and by the end of this review period, it has already expanded to Southeast Asia, the Middle East, and 7 other regions.
Is Horizon Construction Development (HKG:9930) Using Too Much Debt?
Hongxin Jianfa (09930.HK) appointed Yuan Shaozhen as a non-executive director.
On September 12th, Guolonghui announced that Li Qianjin resigned from the position of non-executive director due to work arrangements, effective from September 12th, 2024. After resigning, Li Qianjin will no longer hold any position in the company. Furthermore, the board of directors announced that on September 12th, 2024, Yuan Shaozhen was appointed as a non-executive director, effective from September 12th, 2024.
HORIZON CD: 2024 INTERIM REPORT
Slowing Rates Of Return At Horizon Construction Development (HKG:9930) Leave Little Room For Excitement
Guosen Securities: Maintain a "shareholding" rating on FE Horizon with a target price of 11.96 Hong Kong dollars.
Guosen Securities released a research report stating that it maintains a "shareholding" rating for FE Horizon (03360), considering the negative impact of equity market volatility on investment income. The EPS forecast for 2024-2026 is lowered to RMB 1.22/1.40/1.76 respectively, while the target price remains at HKD 11.96. The company achieved a revenue of RMB 18.036 billion in the first half of 2024, a year-on-year decrease of 1.77%, and a net income attributable to shareholders of RMB 2.085 billion, a year-on-year decrease of 32.10%. The company implemented a mid-term dividend of HKD 0.25 per share, with a cash dividend rate of 47%. Guosen Securities' main viewpoint.
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