It's soaring! The Shanghai stock index surged to 3200 points, breaking a trillion in just 32 minutes, stock trading software overwhelmed, and the Shanghai Stock Exchange is conducting tests again.
National Day big gift package continues to be released.
Tianfeng: Maintains "shareholding" rating for Newborntown Technology with a target price of 4.08 Hong Kong dollars.
Tianfeng Securities released a research report stating that they maintain a "shareholding" rating for Newborntown (09911). After the acquisition is completed, it is predicted that the company's revenue for FY2025-FY2026 will reach 7.35/9.37 billion RMB; the company's net income attributable to shareholders for FY2025-FY2026 will reach 0.81/0.91 billion RMB. Giving the company a 12 times PE ratio for 2024, corresponding to a market cap of 4.86 billion yuan, with a target price of 4.08 Hong Kong dollars. The bank believes that acquiring a minority stake in NBT may incur certain costs, but after the acquisition is completed, NBT will become a wholly-owned subsidiary of Newborntown, and its financial performance will be integrated.
A-share opening express | China's stock, foreign exchange, and bond markets all rose, with the Shanghai Composite Index surpassing 3200 points.
On the market, more than 5200 stocks rose, with 214 stocks opening more than 9% higher, all sectors showing gains, with the securities, baijiu, and real estate sectors leading the way in terms of increases.
A-share midday report: Shanghai Composite Index recovered 1.73% to surpass 2900 points, with over 5000 stocks rising. The financial sector led the surge in limit-up stocks.
The Shanghai Composite Index rose by 1.73% to return above 2900 points, the Shenzhen Component Index rose by 2.36%, and the chinext price index rose by 2.63%; over 5000 individual stocks rose, triggering a surge in the large financial sector.
Tianfeng Securities: Maintains a 'buy' rating on Tencent with a target price of 476 Hong Kong dollars.
Tianfeng Securities released a research report stating that it maintains a "buy" rating on Tencent (00700) with a target price of HK$476. The company's AI business is accelerating its implementation, the trend of industry interconnection is clear, and there is potential for more new growth points in the medium to long term. In the short term, the bank expects the company's game revenue growth rate to increase quarter by quarter in the second half of the year, with a focus on the operational pace of "Dungeon & Warrior: Origin".
Tianfeng Securities (601162.SH): There is no plan to merge with Changjiang Securities or any other significant undisclosed matters to be disclosed.
Gelonghui, September 24th, Tianfeng Securities (601162.SH) stated on the interactive platform that the company has no plans to merge with Changjiang Securities or any other significant undisclosed matters that should be disclosed.
tianfeng Securities: Rated W "buy" for Li Auto Inc. 2024 full-year performance is expected to be positive
Tianfeng Securities has released a research report stating that it gives a 'buy' rating to LI Auto Inc. (02015) and predicts the company's adjusted net income for 2024/2025 to be 10.5/14.8 billion yuan (compared to the previous value of 13.9 billion yuan in 2024). Q2 2024 performance: Total revenue in Q2 was 31.7 billion RMB, a year-on-year increase of 10.6% and a quarter-on-quarter increase of 23.6%; automotive sales revenue was 30.3 billion RMB, a year-on-year increase of 8.4% and a quarter-on-quarter increase of 25.0%. The bank believes that concerns about future consumer demand at the transaction level have led to an oversold situation after the financial report. In fact, automotive consumption has slightly recovered in July, driven by the policy of trading in old vehicles for new ones.
The AI iPhone without AI is difficult to sell, and Apple's iPhone super cycle may not meet expectations.
On Monday, Apple's stock price fell by 3%, following reports of weak demand for the iPhone 16 series. The series of phones began pre-orders last Friday. Tianfeng Securities analyst Guo Mingji, who closely monitors Apple's supply chain, wrote in a report on Monday that pre-order sales for the iPhone 16 series during the first weekend were down nearly 13% compared to the iPhone 15 series last year. In a report released on Monday, BofA Securities analyst Wamsi Mohan pointed out that the delivery time for iPhone 16 pre-order orders is generally shorter than the same period last year.
Tianfeng Securities: Maintains a "buy" rating on China Longyuan Power, with mid-term performance dragged down by poor wind resources.
Tianfeng Securities has released a research report stating that it maintains a "buy" rating on China Longyuan Power (00916), taking into account the company's newly added installed capacity and the weakening of wind and solar resources compared to the previous year. The profit forecast has been lowered, and it is expected that the net income attributable to the parent company will be 6.7, 7.5, and 8.3 billion yuan in 2024-2026 (the previous values for 2024-2026 were 8, 8.9, and 10.1 billion yuan). The company has released the mid-term performance for 2024, with revenue of 18.883 billion yuan in the first half of the year, a year-on-year decrease of 4.9%; and a net income attributable to the parent company of 4.02 billion yuan, a year-on-year decrease of 21.6%. The main viewpoints of Tianfeng Securities are as follows: rich project reserves, wind resources
Tianfeng Securities Swings to Loss in H1
Tianfeng Securities Co., Ltd. 2024 Semi-Annual Report
Tianfeng Securities Co., Ltd. 2024 Semi-Annual Report _ Summary
Tianfeng Securities (601162.SH) released its half-year performance, with a net loss of 0.324 billion yuan, a year-on-year change from profit to loss.
Tianfeng Securities (601162.SH) disclosed its 2024 semi-annual report, and the company achieved a revenue of 7.22...
tianfeng securities (601162.SH): net loss of 0.32 billion yuan in the first half of the year, a year-on-year loss
Tianfeng Securities (601162.SH) released its semi-annual report on August 30th, with revenue of 0.722 billion yuan, a year-on-year decrease of 66.56%. The net loss was 0.32 billion yuan, a year-on-year loss. The non-recurring net loss was 0.338 billion yuan, a year-on-year loss. The basic earnings per share was -0.04 yuan.
Tianfeng Securities to Raise Up to 4 Billion Yuan From Share Issuance; Shares Down 4%
Tianfeng Securities: Maintains a "buy" rating on Tencent with a target price of HK $476.
Tianfeng Securities released a research report maintaining a "buy" rating on Tencent (00700). The high gross margin of incremental business has laid a foundation for continuous improvement in gross margin. The performance of domestic/overseas games implies an accelerated quarter-on-quarter increase in game revenue in the second half of the year, and the forecasted Non-IFRS attributable net income to shareholders for 2024-2026 has been raised to 217.8/251.7/278.6 billion yuan (originally forecasted as 209.1/239.6/269.1 billion yuan), with year-on-year growth rates of 38%/16%/11%, respectively. The target price is maintained at HKD 476. The main points of view of Tianfeng Securities are as follows: overall performance: good profitability.
A-share noon report: Shanghai Composite Index rose 1.79%, Chinext Price Index rose 3.33%, nearly 5000 stocks rose! Brokerage stocks surged across the board.
As of noon closing, the Shanghai Composite Index rose 1.79% to 2930.8 points, the Shenzhen Component Index rose 2.96%, and the chinext price index rose 3.33%. Nearly 5000 stocks have risen.
Tianfeng Securities: Expects Alibaba-SW to complete dual listing conversion next month and maintains a "buy" rating.
Tianfeng Securities released a research report stating that due to Alibaba-SW's emphasis on increasing investment to enhance competitiveness, the bank raised its revenue forecast for the fiscal years 2025 to 2027 to 1.0249 trillion, 1.1236 trillion, and 1.2193 trillion yuan; Non-GAAP net income forecast was raised to 156.5 billion, 162.2 billion, and 164.7 billion yuan, maintaining a 'buy' rating. The report pointed out that it is expected that Alibaba's first quarter revenue in fiscal year 2025 will be 248.8 billion yuan, a year-on-year increase of 6.2%; adjusted EBITA fell by 10.8% year-on-year to 40.5 billion yuan.
Tianfeng Securities: A flat price has performed beautifully. Maintaining a "buy" rating for Chow Tai Fook.
Tianfeng Securities released a research report stating that Chow Tai Fook (01929) focuses on executing optimized pricing strategies and shifts its gold product portfolio from weight-based pricing to fixed-price products, easing the business challenges faced by the industry. In addition, the proportion of flat-priced gold product sales has rapidly increased, offsetting some of the recent slowdown in gold demand caused by the rise in gold prices, while verifying the effectiveness of the company's focus on higher value growth and profit quality, maintaining a 'buy' rating on the company. The company released its FY25Q1 operating performance for FY25Q1 (April 1, 2024 - June 30, 2024), with retail sales decreased by 20%; fixed-price gold production.
Tianfeng Securities: Maintains "buy" rating for TCL Electronics and promotes structural upgrades represented by Mini LED.
Tianfeng Securities released a research report stating that it maintains a "buy" rating for TCL Electronics (01070). Combining with the stock-based incentive goals, it is expected that the company's adjusted net income attributable to equity shareholders will be HKD 1.35/1.64/1.97 billion in 2024-2026. In the first half of 2024, the company's adjusted net income attributable to equity shareholders is expected to increase by about 130%-160% year-on-year. According to the calculation, the company's expected adjusted net income attributable to equity shareholders for 1H24 is HKD 0.6-0.68 billion. The high-end + global strategy in the TV business has remarkable effects, and the internet plus-related business is expected to continue to contribute to performance steadily. The innovative business has entered the stage of heavy volume, and the bank is bullish on the business.
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