Analysts Are More Bearish On Sinotrans Limited (HKG:598) Than They Used To Be

Simply Wall StMar 30 20:37 ET

Hong Kong stocks movement | Sinotrans Limited (00598) fell over 5% during trading, with an annual net profit down 7.1% year-on-year. Major firms describe the company's business outlook as relatively pessimistic.

Sinotrans Limited (00598) dropped over 5% during the session, and as of the report, it has declined 4.06%, trading at 3.78 Hong Kong dollars, with a transaction amount of 80.1735 million Hong Kong dollars.

Zhitong FinanceMar 28 01:51 ET

Bank of America Securities: Reiterates Sinotrans Limited (00598) "Buy" rating, increases Target Price to HKD 4.4.

Bank of America Securities has raised the earnings per share forecast for Sinotrans Limited by 1% for this year and lowered it by 11% for next year.

Zhitong FinanceMar 27 23:53 ET

Sinotrans' 2024 Profit Down 7%, Revenue Up 4%

MT NewswiresMar 26 00:33 ET

Announcement Highlights | Kuaishou's adjusted Net income in Q4 increased by 7.8% year-on-year, and the total revenue of Keliang AI exceeded 0.1 billion yuan; CHINA TELECOM will earn 33 billion yuan in net income in 2024.

CHINA TELECOM's net income in 2024 is 33 billion yuan; WULING MOTORS' net income attributable to shareholders is expected to increase by over 115% in 2024; Kuaishou's net income in 2024 is 15.335 billion yuan, an increase of 139.76% year-on-year.

cls.cnMar 25 20:37 ET

Hong Kong Stock Morning Report | US stock index closed higher while Chinese concept stocks fell, Morgan Stanley raised the target point for the Hang Seng Index.

① The results of the Saudi talks between the USA, Russia, and Ukraine have been disclosed, achieving a consensus on a ceasefire in the Black Sea. ② Consumer confidence in the USA further deteriorated in March. ③ The three main US stock indices rose on Tuesday, while China Concept Stocks declined. ④ Data shows that the US stock market is in a state of "Institutions fleeing, retail investors buying heavily." ⑤ According to sources, Trump is considering implementing a two-step tariff system on April 2. ⑥ Morgan Stanley has raised the year-end target point for the Hang Seng Index.

cls.cnMar 25 19:06 ET