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China Sees Mixed Trading on US Rate Cut, China Lending Rate Outlooks; Yonghui Superstores Falls 9%
Yonghui Superstores Unit Divests Stake in Zhongbai Holding for 440 Million Yuan; Shares Dip 8%
After a big increase of 105% within 13 days and 8 boards, the big bull stock faced a "loss liquidation" by the Shareholder.
In recent years, there have been consecutive losses in performance.
Yonghui Superstores (601933.SH): Yonghui in Chongqing has cumulatively sold a total of 67.1013 million shares of Zhongbai Holdings Group, with a sale amount of approximately 0.44 billion yuan.
On December 18, Gelonghui announced that Yonghui Superstores (601933.SH) disclosed that its wholly-owned subsidiary, Chongqing Yonghui Superstores Co., Ltd. (hereinafter referred to as "Chongqing Yonghui"), during the trading period from December 3, 2024 to December 17, 2024, cumulatively sold 67.101287 million shares of Zhongbai Holdings Group Co., Ltd. (hereinafter referred to as "Zhongbai Holdings"), accounting for 9.87% of its equity. The sale amount was approximately 0.44 billion yuan, and the book value of the corresponding equity held by the company in Zhongbai Holdings before the sale was 0.279 billion yuan, with an initial investment cost of 0.486 billion yuan.
Huachuang Securities: Provides a Target Price of 64-70.4 Hong Kong dollars for MINISO, upgraded to a "Strong Buy" rating.
Hua Chuang Securities released a research report stating that considering MINISO (09896) will maintain high growth and profit margins in its overseas direct sales market in 2025-2026, it predicts MINISO's net income for 2024-2026 to be 2.734 billion/3.745 billion/4.82 billion. The target price is set at 64-70.4 Hong Kong dollars, upgraded to a "strong buy" rating. The company has increased its guidance for new store openings this year from 900-1100 to 1200, with 650-700 stores opening overseas and 350-400 stores opening domestically, along with 100 TOPTOY stores. The company's annual profit margin guidance is 16-1.
Yonghui Superstores (SHSE:601933) Shareholder Returns Have Been Solid, Earning 134% in 1 Year
Yonghui Superstores (SHSE:601933) Investors Are Sitting on a Loss of 67% If They Invested Five Years Ago
