Everbright: Maintains "buy" rating for Kuaishou-W with a target price of HKD 60.3.

Everbright Securities released a research report stating that it maintains a "buy" rating for Kuaishou-W (01024). Considering the profit in Q3 2024 exceeded expectations, the adjusted net income forecast for 2024 is slightly raised to 17.6 billion yuan (an increase of 1.9% compared to the last forecast). The company's ecosystem remains healthy, with overseas and local lifestyle businesses having growth potential, and the target price remains at 60.3 Hong Kong dollars. Kuaishou Technology achieved total revenue of 31.1 billion yuan in Q3 2024, a year-on-year increase of 11.4% (vs consensus expectation of +11.1% year-on-year); the adjusted net income was 3.95 billion yuan, slightly exceeding expectations (vs consensus expectation of 3.9 billion).

Sina Hong Kong stocksNov 24 21:34 ET

Hong Kong stocks are moving differently | China-affiliated brokerages are expanding their afternoon decline as the market experiences greater volatility and the sector follows with a correction. Major firms remain bullish on the increased merger and acqui

The decline of china-affiliated brokerage stocks has widened in the afternoon. As of the time of writing, csc (06066) is down 6.47%, trading at 9.97 HKD; china merchants (06099) is down 6.22%, trading at 13.86 HKD; citic sec (06030) is down 5.05%, trading at 21.6 HKD; everbright (06178) is down 3.05%, trading at 7.64 HKD.

Zhitong FinanceNov 22 01:02 ET

Chinese brokerage sector rebounded in the afternoon, with some individual stocks reversing their declines. Everbright Securities (06178) rose by 1.54%.

King Wu Financial News | After a short-term pullback in Chinese brokerage sector in the afternoon, some stocks reversed their losses. Everbright (06178) rose 1.54%, GTJA (02611) rose 1.37%, Haitong Sec (06837) rose 1.3%, csc (06066) rose 1.12%, and citic sec (06030) rose 0.88%. In terms of news, GTJA and Haitong Sec jointly announced that the State Administration for Market Regulation has decided not to carry out further reviews of the proposed merger concerning operator concentration antitrust examination, and all necessary antitrust filings regarding the proposed merger submitted have been approved.

Golden Guard Financial NewsNov 21 00:37 ET

Everbright Securities (06178) will distribute a mid-term dividend of 0.905 yuan for every 10 shares on January 17, 2025.

Everbright Securities (06178) announced that the company will issue a notice on January 17, 2025 (Friday) for the year 2024...

Zhitong FinanceNov 19 06:26 ET

EB SECURITIES: ANNOUNCEMENTPOLL RESULTS OF THE 2024 FIRST EXTRAORDINARY GENERALMEETING AND DISTRIBUTION OF INTERIM DIVIDEND FOR 2024

HKEXNov 19 06:18 ET · Announcements

The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.

① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?

cls.cnNov 19 03:34 ET