No Data
No Data
Soochow Securities Co., Ltd. 2024 Interim Report
Summary of the Semi-Annual Report of Soochow Securities Co., Ltd. in 2024
Why Investors Shouldn't Be Surprised By Soochow Securities Co., Ltd.'s (SHSE:601555) Low P/E
Soochow Securities (Hong Kong): Maintains 'buy' rating on Melco Int'l Dev with a target price of HKD 6.9.
Soochow Securities (Hong Kong) has released a research report indicating that it maintains a "buy" rating for Melco International Development (00200) and has downgraded its net income forecasts for 2024-2026 to HKD 37.62/41.06/42.95 billion. The adjusted property EBITDA forecast has been lowered to HKD 9.69/11.74/12.62 billion, and the target price has been lowered to HKD 6.9. The company achieved a total gambling revenue of USD 1.21 billion in 2Q24, which has recovered to 74.5% of the level in 2Q19. The company's performance fell short of expectations, mainly due to the increase in operating expenses affecting the speed of profit margin recovery. The main points of Soochow Securities (Hong Kong) are as follows:
Soochow Securities (Hong Kong): Maintains a "buy" rating for Wynn Macau with a target price of 9.5 Hong Kong dollars.
Soochow Securities (Hong Kong) has released a research report stating that it maintains a 'buy' rating for Wynn Macau (01128) and has lowered the company's net income forecast for 2024-2026 to HKD 30.19/32.4/34.14 billion and its adjusted property EBITDAR forecast for 2024-2026 to HKD 9.67/10.19/10.74 billion, with a target price of HKD 9.5. Soochow Securities (Hong Kong)'s main points are as follows: in 2Q24, the company achieved a gross gaming revenue of US $0.88 billion, an increase of 64.3% compared to the same period in 2019. Among them, VIP/mass (including slot machines) achieved a gross gaming revenue of 1.
Soochow initiates 'buy' rating for Inspur Digi Ent. with a target price of 7.7 Hong Kong dollars.
Soochow Securities released a research report and first covered Inspur Digi Ent (00596) with a "buy" rating, expecting revenue of 10.1/12/14 billion yuan and net income of 0.39/0.53/0.75 billion yuan in 2024/2025/2026, with a target price of 7.7 Hong Kong dollars. The bank is bullish on the company's market space and business advantages as a leading state-owned background ERP vendor. Soochow Securities' main points are as follows: state-owned background ERP vendors have unique advantages in domestication to replace Inspur. Inspur Digi Ent is one of the leading domestic ERP vendors, serving industries such as construction, food, pharmaceuticals, and chemicals.
No Data