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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.
Brokerage Focus: Guosen Securities maintains a 'buy' rating on Country Garden Services (09930). If it returns to the Hong Kong Stock Connect in the future, there will be a considerable room for valuation recovery.
According to Guosheng Securities' research report, Hongxin Jianfa (09930) achieved a revenue of 4.87 billion yuan in H1 2024, a YoY increase of 16%, and a net income of 0.27 billion yuan, a YoY increase of 13%. The steady growth of revenue and profit meets expectations. The company's operation in rental & leasing services/engineering technical services/asset management and other realized revenue of 1.9/1.95/1.03 billion yuan, with a YoY change of -24%/+71%/+84%. The business income of the leasing operation has declined slightly. It is expected that the weak domestic demand and the downward pressure on rental prices for equipment such as aerial vehicles and formwork are the main reasons. Under this circumstance...
Hong Kong stocks surge | Hangxin Jianfa (09930) rose more than 11%, with a year-on-year increase of over 13% in net profit in the first half of the year. The interim dividend is HK$0.05 per share.
Hengxin Jianfa (09930) rose more than 11%. As of press time, it has risen by 11.49% to HKD 1.65, with a turnover of HKD 1.5104 million.
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