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soochow: Maintains a "buy" rating on Li Auto Inc, Q3 overall performance in line with expectations.
Soochow issued a research report stating to maintain a 'buy' rating for Li Auto Inc (02015), as the 24Q3 gross margin performance exceeded expectations, raising the 2024 net income forecast to 7.8 billion yuan (previously 7.5 billion yuan). Considering the intensified industry competition, the 2025/2026 expected net profits attributable to shareholders were reduced to 10.3/15.3 billion yuan (previously 12.1/17.6 billion yuan), with year-on-year changes of -34%/+33%/+48%. The company achieved revenue of 42.87 billion yuan in 2024Q3, with vehicle sales business revenue reaching 41.32 billion yuan. Q3 attributable net income to common shareholders was 2.81 billion yuan.
Soochow Securities Co., Ltd. Third Quarter Report 2024
soochow Securities: Maintaining a "buy" rating on topsports, with a slight decrease in revenue in FY25H1 in a fluctuating environment.
Soochow Securities published a research report stating that it maintains a "buy" rating on Topsports (06110), the largest domestic retail sports footwear and apparel retailer. Due to the impact of the sluggish domestic retail environment on performance in FY25H1, the forecasted net profit attributable to the mother for FY25-26 has been lowered from 2.75/3.15 billion yuan to 1.33/1.64 billion yuan, with an increase in the FY27 forecast to 1.91 billion yuan. Considering the company's long-term growth potential in the sports industry and its stable cash flow, maintaining high dividends, and currently low valuation after stock price adjustments. Soochow Securities' main points are as follows: the company announced its FY25H1 performance:
soochow: Maintaining a "buy" rating on picc p&c, investment returns performance improving quarter by quarter.
Soochow Securities released a research report stating that they maintain a "buy" rating on picc p&c (02328), with a projected net income attributable to the parent between 296, 323, and 345 billion yuan for 2024-26. It is seen as a cost-effective dividend symbol that can be both offensive and defensive. Investment income performance is improving each quarter, and the underwriting profit gap continues to narrow. The company announced its 9M24 performance forecast, expecting a year-on-year increase of approximately 20% to 40% in cumulative net income. Based on a net income growth rate of 30%, the corresponding net income for 3Q24 is estimated to reach 7.745 billion yuan (3Q23 net income: 0.153 billion yuan, a significant improvement year-on-year). The company's announcement is related to the financial results.
Soochow Securities Co., Ltd. (SHSE:601555) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Soochow Securities: Maintains a 'buy' rating on VolkswagenJuchuang, with siasun robot&automation shipments expected to contribute significantly to incremental growth
Soochow Securities released a research report stating that it maintains Siasun Robot&Automation (02498) 2024-2026 revenue of 2.22/3.56/5.1 billion yuan, with corresponding P/S ratios of 3.5/2.2/1.5 times the closing price on October 10, 2024, maintaining a "buy" rating. Soochow Securities commented on the company's 24Q1-Q3 shipment data, believing that the ADAS has strong momentum, and the volume of robots is expected to contribute significantly to performance. Event: The company published shipment data for the first 9 months of 2024, and the total shipment volume of lidar/ADAS lidar in 24Q1-Q3.
Soochow Securities Co., Ltd.'s (SHSE:601555) Prospects Need A Boost To Lift SharesNo Data
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