Tianfeng Securities: East Buy's multiple self-operated commodity demand is strong, maintaining a "buy" rating.
Tianfeng Securities released a research report stating that they maintain a "buy" rating for Eastbuy (01797), and the company's expected revenue for FY24-26 are 6.1, 7.4, and 9.1 billion, respectively. After adjustment, the net income attributable to shareholders are 0.9, 1.04, and 1.23 billion, and earnings per share are 0.9, 1.0, and 1.2 yuan RMB/share. The bank insists on a bullish view of Eastbuy's core team capabilities, as self-produced products expand with SKU and supply strength, and brand advantages gradually strengthen with multi-platform synergy development. Tianfeng Securities' main viewpoints are as follows: In FY24H2, self-produced product GMV exceeds 3.6 billion yuan, a year-on-year increase of 108%. Recently, the company held
CISI Financial Unit Disposes of $8 Million of Bonds
China Industrial Securities International Financial Group (HKG:6058) unit CISI Investment disposed of $8 million of bonds issued by Tianfeng Securities (SHA:601162) in the open market on June 13 and J
Cisi fin sold notes for a total amount of $8 million.
CISI fin (06058) announced that its wholly-owned subsidiary, CISI Investment, indirectly, sold a total principal amount of $8 million (equivalent to about HKD 62.8 million) of notes in the public market on June 13, 2024, and July 3, 2024, at a total cost of approximately $7.9703 million (equivalent to about HKD 62.56679 million). The issuer of the notes is Tianfeng Securities Co., Ltd., with a fixed annual interest rate of 6.50%.
As the stock price hits a new all-time low, Tianfeng Securities (601162.SH) controlling shareholder has accumulated a 1% shareholding in the company.
Tianfeng Securities (601162.SH) announced that the period from June 11, 2024 to July 1, 2024...
Tianfeng maintains a "shareholding" rating for Newborntown Technology, with a target price of HKD 5.09.
Tianfeng Securities released a research report stating that it maintains a "shareholding" rating for Newborntown Technology (09911), predicting the company's revenue for FY2024-FY2026 to be RMB 4.12/4.81/5.53 billion respectively; the net income attributable to the mother company is RMB 510/520/530 million respectively; if the acquisition is completed successfully, the expected net income attributable to the mother company in 2024-2026 is RMB 510/550/600 million respectively, with a target price of HKD 5.09. Based on the company's diversified product matrix and excellent operating ability, this acquisition further enhances the product lineup and consolidates the leading position in the field of social entertainment.
Tianfeng Securities (601162.SH) received a government subsidy of 41.784 million yuan.
On June 28th, Gelonhui reported that Tianfeng Securities (601162.SH) announced that its wholly-owned subsidiary received a government subsidy of 41,784,000.00 yuan related to income on June 28th, 2024, accounting for 13.60% of the company's audited net income of the most recent fiscal year.
Tianfeng Securities: Buy rating for 100Credit Cloud with target price of 15.5 Hong Kong dollars.
Tianfeng Securities published a research report stating that it rates 100 Credit Cloud-W (06608) as a "buy" and predicts total revenue of 3.08/3.70/4.34 billion yuan and net income attributable to shareholders of 390/530/580 million yuan from FY2024 to FY2026, with a target price of HKD 15.5. The bank believes that as the company gradually expands its business to non-financial areas and benefits from the speed of the industry's large model landing, the company has great potential for revenue growth in the future. The bank stated that the company has achieved MaaS business income by relying on its high market share in the field of data analysis and active layout in the generative AI field.
Tianfeng Securities: First initiated a "buy" rating on JNBY with a target price of HK $19.3.
Tianfeng Securities released a research report stating that it has initiated coverage of JNBY (03306) and given a "buy" rating. JNBY is a leading Chinese designer fashion group with significant first-mover advantages, adhering to three major global strategies. The estimated revenue for FY24-26 is RMB 5.19/5.92/6.5 billion respectively, with a net income attributable to the parent company of RMB 840/960/1070 million and an EPS of 1.63/1.86/2.06 yuan/share. The target price is HKD 19.3. Tianfeng Securities' main points of view are as follows: Building a diversified brand matrix. Founded in 1997, JNBY listed in Hong Kong in 2016.
Tianfeng Securities: Maintains "buy" rating on Tencent Holdings, with a target price of HK$476.
In its research report, Tianfeng Securities maintains a 'buy' rating on Tencent (00700), raising its 2024-2026 forecast for non-IFRS net income attributable to the parent to CNY 204.7 billion, CNY 235.6 billion, and CNY 264.8 billion, with a target price of HKD 476. The company's gaming business has shown a clear upward trend in growth, with continuous gross margin improvement exceeding market expectations, and market profit expectations entering an upward revision track. The bank expects further potential for improvement in the future. In the medium to long term, actively deploying AI technology development, a diversified product matrix corresponds to a wide range of potential application directions, and technological progress may become a medium-to-long term growth driver.
Tianfeng Securities (601162.SH): Supplementary Agreement to the Agreement on Joint Action signed by the controlling shareholder.
On June 13, Guolonghui reported that Tianfeng Securities (601162.SH) has recently received a notification from its controlling shareholder, Hubei Hongtai Group Co., Ltd. (referred to as "Hongtai Group"), which has signed a Supplemental Agreement to the Agreement on concerted Action with Wuhan State-owned Capital Investment and Operation Group Co., Ltd. (formerly known as Wuhan Business & Trade Group Co., Ltd.) recently. The two sides have agreed to extend the validity period of the concerted action in the original agreement for 18 months from June 27, 2024, and automatically terminate after expiration in accordance with mutual agreement. This Supplemental Agreement will not result in any changes in the company's controlling shareholder or actual controller.
Tianfeng Securities: The AI empowerment effect is gradually emerging, maintaining a buy rating for the stock.
Tianfeng Securities released research reports stating that Fengbiao (02469) continuously iterates and upgrades its products and services through the in-depth application of AI technology, develops a variety of AI-enabled online learning tools and innovative platform functions to facilitate students' learning, help students maximize learning outcomes. The team believes that AI-enabled capabilities may further consolidate Fengbiao's position in the Chinese vocational exam training industry, bring substantial benefits to students, ultimately drive business growth, maintain profit forecasts and a Fengbiao 'buy' rating. Fengbiao has launched two AI learning tools, its self-developed AI intelligent teacher and intelligent course hour structure in this round of upgrades.
Express News | Corrected-Tianfeng Securities Says Key Shareholder Plans to Raise Stake in the Company for 500 Mln to 1 Bln Yuan
Express News | Tianfeng Securities Says Co Plans to Buy Back Shares for 500 Mln to 1 Bln Yuan
Tianfeng Securities (601162.SH) clarified that the total amount of guarantee provided for the issuance of US dollar bonds by Tianfeng International and its subsidiary is USD 350 million.
On June 7th, Gelunhui reported that Tianfeng Securities (601162.SH) noticed that some online media and individuals spread the company's "guaranteeing 43.9 billion yuan for overseas bond issuance". Clarification statement: the guarantee of the $300 million bond provided by the overseas bond business entity (SPV) held by the company's wholly-owned overseas subsidiary Tianfeng International Securities Group Co., Ltd. (hereinafter referred to as "Tianfeng International") has been fulfilled since May 31, and the funds have been used for refinancing. The funds were used for the normal repayment of overseas bonds due on June 5th. The bond has been rated by overseas rating agencies.
There is a rumor of a sudden avalanche.
Small-cap stock indicator, csi midcap 200 index related etf, rises against the trend.
Tianfeng Securities: Maintaining Li Ning's “Buy” Rating, Technological Innovation as the Main Line of Brand Growth
Tianfeng Securities released a research report stating that maintaining Li Ning's (02331) “buy” rating, the estimated revenue for 24-26 will be RMB 29.3 billion, RMB 32.1 billion, and RMB 35 billion, respectively, and net profit to mother will be RMB 3.4 billion, RMB 3.9 billion, and RMB 4.4 billion respectively, and EPS will be 1.3 yuan/share, 1.5 yuan/share, and 1.7 yuan/share, respectively. The company focuses on the “single brand, multi-category, multi-channel” strategy, continuously strengthens the brand's professional sports product layout, and further enhances retail operation capabilities and channel efficiency. According to the report, the company has long been committed to investing in R&D and innovation.
Tianfeng Securities: Maintaining Samsonite's “Buy” Main Brand and Leading Growth in Asia
According to a research report released by Tianfeng Securities, maintaining Samsonite's (01910) “buy” rating, the company's revenue for 24-26 years is estimated to be US$4.114 billion, US$4.542 billion, and US$5,067 billion, respectively; net profit to mother is US$480 million, US$530 million, and US$596 million, respectively. As a leading enterprise in the global luggage industry, it attracts consumers with its diversified brand portfolio and continues to develop new materials and new designs; Tumi targets the high-end luggage market and continues to grow in revenue; considering the company's 24Q1 net interest rate growth, improved gross margin, increased scale effect, and cost control
Tianfeng Securities: Western Cement's initial “buy” rating target price of HK$1.55
Tianfeng Securities released a research report stating that it covered Western Cement (02233) for the first time and gave it a “buy” rating. The company's net profit for 24-26 is estimated to be 12.07/19.60/2,795 billion yuan, respectively, +186.6%/+62.4%/+42.6% year-on-year, respectively. It is estimated that the company's EPS for 24-26 was 0.22/0.36/0.51, with a target price of HK$1.55. According to the report, the company's overseas business revenue increased year by year. The company's overseas revenue/profit reached 27.7/1,015 billion yuan respectively in '23, +145% /+
Tianfeng Securities: First Prada “Increased Holdings” Rating: Revenue and Net Profit Increased Steady Last Year
According to the research report released by Tianfeng Securities, the first coverage was given to Prada (01913). The estimated revenue for 2024 to 26 will be 5.106 billion, 5.525 billion, and 6.01 billion euros, respectively, with net profit of 736 million, 800 million, and 873 million euros, respectively, and earnings per share of 0.29, 0.31, and 0.34 euros. According to the report, the company is a global leader in the luxury goods industry. The company owns brands such as Prada, MiumiU, Church's, CarShoe, Marchesi1824, and LunaRossa
Tianfeng Securities: Maintaining Ideal Automobile-W “Buy” Rating Target Price of HK$155
Tianfeng Securities released a research report stating that maintaining the Ideal Automobile-W (02015) “buy” rating, the estimated revenue for 24/25 is 1809/25.5 billion yuan, adjusted net profit for 24 years is 15.9 billion yuan, and the target price is HK$155. According to the report, Ideal has faced major fluctuations and adjustments recently. The bank believes that the core reason is that Q1's off-season sales volume and the new pure electric platform Mega fell short of expectations; the bank judged the market or judged the ideal annual sales volume and profit with excessive pessimism, and there was a misjudgment about the deterioration of the competitive pattern (the ideal market share did not decline significantly). The bank determined the ideal market share as 2QL6 climbs
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