Soochow: Geely Auto's target sales volume is 2 million units by 2024, maintaining a "buy" rating.

Soochow released a research report stating that it maintains a "buy" rating for Geely Auto (00175), with expected revenue of RMB 213.5 billion / 258.1 billion / 300.1 billion and net income attributable to shareholders of RMB 7.9 billion / 11.5 billion / 13.8 billion in 2024-2026; corresponding EPS for 2024-2026 is RMB 0.79 / 1.14 / 1.37. The company's wholesale sales volume in June was 166,085 vehicles, up 20.44% year-on-year and 3.38% month-on-month. Looking at individual brands, Geely brand sales were 121,540 vehicles, up 13.92% year-on-year and 1.06% month-on-month, with Galaxy sales at 1...

新浪港股Jul 3 05:23 ET

Soochow Securities: Xpeng-W6 delivery in June meets expectations, maintains a "buy" rating.

According to the research report released by Soochow Securities, due to the industry-leading level of intelligent driving and continuous future competitiveness of the company, it maintains a "buy" rating on Xpeng Motors-W (09868), with expected revenue for 2024-2026 totaling 44.5/82.7/114.6 billion yuan and a net income attributable to the parent of -5.8/-3.2/1.3 billion yuan; corresponding to an EPS of 0.66 yuan in 2026. Soochow Securities' main points of view are as follows: In June, Xpeng Motors delivered a total of 10,668 new cars, a 24% increase compared to the same period last year, and a 5% increase compared to the previous quarter. Overall, in Q2, Xpeng Motors

新浪港股Jul 2 22:02 ET

Soochow Securities: The old store's gold targets high-net-worth customers and has strong profitability. The IPO issue price is HKD 40.5.

Soochow Securities released a new stock research report stating that Laopu Gold (06181) is a top brand in the ancient Chinese gold category, with a good reputation among high-net-worth clients. With good product quality design and service, the company maintains a good industry position. Since 2024, the gold price has risen significantly, but the company can still maintain a relatively high pricing and profitability, and the bank expects the company's net income attributable to the parent company to be 780 million / 1 billion / 1.23 billion yuan from 2024 to 2026, with a year-on-year growth rate of 88% / 29% / 22%. The IPO issue price is HKD 40.5, and the issue price corresponds to 2024-2026 PE.

新浪港股Jun 27 05:48 ET

Soochow Securities: First initiated a buy rating for Tuhu with a target price of HKD 33.

Soochow Securities released a research report stating that the advantage of Tuhu's (09690) model is further highlighted, and its profitability continues to improve while expanding its terminal network. It is expected that the company's adjusted net income in 2024-2026 will be 736/1228/1777 million yuan, and based on the valuation of the leading enterprises in the US car service market, the company is given a target price of HKD 33 in 2025, corresponding to a 20 times PE ratio. It is recommended to "buy" for the first time. Introduction: In 2023, Tuhu was listed as the first independent aftermarket service market for autos and achieved annual profitability for the first time, verifying its business model. With the average car ownership period in China increasing and consumers’ acceptance of auto service chains improving, Tuhu's market prospects are very promising.

新浪港股Jun 12 01:07 ET

Soochow Securities (SHSE:601555) Could Be A Buy For Its Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Soochow Securities Co., Ltd. (SHSE:601555) is about to go ex

Simply Wall StJun 8 20:36 ET

Soochow Securities: Xpeng - Maintains "buy" rating, June Mona is expected to debut.

Soochow Securities released a research report stating that the expected revenues of Xpeng-W (09868) from 2024 to 2026 are 44.5/82.7/114.6 billion yuan respectively, with net income attributable to the parent company of -5.8/-3.2/1.3 billion yuan; the corresponding EPS in 2026 is 0.66 yuan, and the corresponding PE ratio is 45 times, considering the company's leading position in the intelligent driving industry and sustained competitiveness, maintaining a "buy" rating. The report states that in May 2024, Xpeng delivered a total of 10,146 new cars, a year-on-year increase of 35% and a month-on-month increase of 8%. The cumulative deliveries from January to May 2024 were 41,

新浪港股Jun 6 05:16 ET