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Zhongtai Securities: Market development and business structure optimization promote revenue and profit growth, first giving Tuhu-W a "buy" rating.
Zhongtai Securities has released a research report and initiated a "buy" rating on Tuhu-W (09690). The report stated that the company has been deeply involved in the automotive aftermarket for more than 10 years, and is a IAM leader in the automotive aftermarket, with main businesses including: tire and chassis parts, car maintenance, other auto parts& beauty& repair, etc. With comprehensive advantages such as brand, management and capital, it has created an online and offline integrated model to build core barriers, and its subsequent growth relies on urban development and optimization of business structure to promote volume and profit growth. Zhongtai Securities analyzed as follows: Company Profile: A IAM leader in the auto aftermarket who has been involved for more than 10 years.
Anxin International: Maintains a "buy" rating of 361 degrees with a target price of HKD 6.
ANXIN International released a research report, maintaining a "buy" rating for 361 degrees (01361), predicting earnings per share of 0.56/0.64/0.72 yuan in 2024/2025/2026, with a target price of 6 Hong Kong dollars. After the company was included in the Hong Kong Stock Connect last year, the market's attention has been further enhanced, which also helps to increase trading volume and liquidity. Against the background of consumer layering, consumers will pay more attention to the quality, functionality and technology of products, and the company will continue to launch new products to seize more market share. ANXIN International's main point of view is as follows: Q2 revenue maintained rapid growth, and e-commerce performance was impressive in 24Q2,3.
Guan Chao Holdings plans to issue 0.432 billion shares on a 1-for-4 basis.
Guan Chao Holdings (01872) announced that the board of directors recommended to issue 0.432 billion shares by way of rights issue at a subscription price of HKD 0.40 per share (with the benchmark of 4 rights shares allotted for each share held by qualified shareholders on the record date). The total proceeds raised could reach up to about HKD 0.1728 billion (before deduction of expenses). The rights issue is only available for qualified shareholders and not for disqualified shareholders. Assuming there will be no change in the issued share capital of the Company on or before the record date, and full acceptance of the rights issue, the maximum net proceeds (after estimated expenses) from the rights issue are expected.
In the first half of the year, xtep int'l achieved a high double-digit year-on-year growth in retail sales of its main brand.
Xtep Int'l (01368) announced that the main Xtep brand achieved a 10% year-on-year growth in retail sales (including online and offline channels) as of June 30, 2024, with a retail discount level of about 25%. As of June 30, 2024, the retail sales (including online and offline channels) for the first six months achieved a high double-digit year-on-year growth, and the channel inventory turnover is about four months.
Selected announcements from Gelunhui: Great Wall Motor's net income is expected to increase by 377.49% to 436.26% in the first half of the year; Dongpeng Beverage expects a year-on-year increase in net income of 44.39% to 56.12% in the first half of the y
Investment Projects: Fawer Automotive Parts (000030.SZ) plans to add a new investment of 13.3 million yuan to the test production line for electronic-controlled shock absorbers (CDC) with built-in valves. Meihao Medical (301363.SZ) plans to invest no more than 80 million US dollars to build the third-phase production base in Malaysia. Senci Electric Machinery Co., Ltd. (603109.SH) plans to invest no more than 30 million US dollars for the expansion of its production base in Vietnam. Contract Bidding: Dongfang Electronics (000682.SZ) is expected to win a total of about 0.217 billion yuan in bidding for the first batch of 2024 metering products framework tender projects of Southern Power Grid Company. Qingdao Tgood Electric (300001.
Online and Offline (300959.SZ): Guanghai Meihao plans to reduce its shareholding by no more than 2.00%.
On July 10th, Gelonhui announced that Hengqin Guangjin Meihao Fund Management Co., Ltd.-Guangjin Meihao Jiayue Private Equity Securities Investment Fund Plan, which holds 4,421,167 shares of the company (5.45% of the total shares of the company), will reduce its holdings of the company's shares by no more than 1,620,000 shares (i.e. no more than 2.00% of the total shares of the company) through block trading within three months after fifteen trading days from the date of the shareholding reduction plan announcement.
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