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Express News | Founder Securities Says Unit Plans to Sell Building in 730 Mln Yuan Deal
Honest Securities (601901.SH): Plans to sell Assets.
On February 17, Guolonghui reported that Founder Securities (601901.SH) announced that its wholly-owned subsidiary, Founder Securities Underwriting and Sponsoring Co., Ltd. (referred to as "Founder Underwriting and Sponsoring"), sold its holdings of 101 properties and conference center of Zhengzhou Yuda International Trade Center (collectively referred to as "Zhengzhou Yuda International Trade Building") to Zhengzhou Karakum Technology Industrial Development Co., Ltd. (referred to as "Zhengzhou Karakum Company" or "Buyer") for a total transaction price of 730 million yuan.
Founded Securities: Maintains KE Holdings-W "Recommended" rating; the Business of Three Wings has become a strong second growth pole.
Fangzheng Securities released a Research Report stating that it maintains a "Recommend" rating for KE Holdings (02423). The company has a solid leading position in brokerage business, with stable profit contributions from various businesses. The three wings of the business have become a strong second growth engine, with expected revenues for 2024, 2025, and 2026 being 86.37, 99.21, and 111.63 billion yuan (RMB, the same below), and net profits attributable to the parent being 6.01, 6.4, and 7.31 billion yuan respectively. The corresponding PE ratios are 24.4x, 22.9x, and 20.0x. Fangzheng Securities' main viewpoints are as follows: "One Body, Three Wings" strategy under a one-stop residential service platform with KE Holdings' predecessor.
There's No Escaping Founder Securities Co., Ltd.'s (SHSE:601901) Muted Earnings
Founder Securities (601901.SH): Committee member and vice president Yuan Yuping is currently unable to perform his duties due to health reasons.
Fangzheng Securities (601901.SH) announced that Mr. Yuan Yuping, a member of the executive committee and vice president, has health issues...
Fangzheng Securities: Assigns a "strong buy" rating to Geely Autos as the company experiences a synchronous resonance of management and technology cycles.
Fangzheng Securities released a Research Reports stating a "strong buy" rating for Geely Autos (00175), as the company experiences a synchronized resonance of management and technology cycles. In November 2024, the company announced an increased Shareholding in ZEEKR and ZEEKR formed a controlling relationship with Lynk & Co, which is expected to eliminate competition within the industry, accelerate integration in research and procurement, and lead to a decrease in costs and expenses. It is expected that from 2024 to 2026, the company will achieve revenues of 244.03, 339.17, and 388.38 billion yuan, with year-on-year growth of 35.7%, 39.0%, and 14.5% respectively; and achieve a Net income attributable to the parent company of 165.6131 from 2024 to 2026.
There's No Escaping Founder Securities Co., Ltd.'s (SHSE:601901) Muted Earnings