European Court Slightly Reduces Fine on Nomura Over Collusion in Bond Trading

MT Newswires07:29 ET

Piper Sandler Adjusts Price Target on Bank of America to $45 From $49, Maintains Neutral Rating

MT Newswires05:25 ET · Ratings

Express News | UBS , UniCredit , Nomura , Bank of America , Natixis, Portigon Lose Court Challenge Against EU Bond Cartel Decision

Reuters04:40 ET

Bank of America Securities: Downgraded ZOOMLION's earnings forecast for the next two years, Target Price lowered to 7.3 HKD.

Bank of America Securities released a Research Report stating that ZOOMLION (01157) will have a profit margin in the fourth quarter of 2024 that falls short of expectations and will incur foreign exchange losses. Management expects that following a three-year downturn, domestic demand in the Machinery industry will gradually recover in 2025 with the support of central policy, and there are plans to further increase the proportion of export revenue. Based on lower revenue and profit margin forecasts, Bank of America has reduced its earnings forecasts for the next two years by 7%, lowering the Target Price from HKD 7.6 to HKD 7.3, and reiterates the 'Buy' rating considering overseas expansion and new business development plans.

Sina Hong Kong stocks03:31 ET

Bank of America Securities: Raised YADEA's Target Price to HKD 17.4 and reiterated the "Buy" rating.

Bank of America Securities released a Research Report stating that YADEA (01585) performed in line with performance forecasts in the second half of last year; and the start of 2025 is strong, with the Target Price raised from HKD 14.9 to HKD 17.4, reiterating the "Buy" rating. Channel surveys conducted by the bank show that YADEA's wholesale volume in the first quarter of 2025 is expected to achieve over 60% year-on-year growth, while the wholesale volume in the second quarter is expected to grow by 10% year-on-year, benefiting from a low base, new product launches, inventory replenishment, and subsidies for trade-ins. The bank expects the gross margin for the first half of 2025 to recover to over 18%, due to a better product mix. The report indicated that YADEA

Sina Hong Kong stocks03:30 ET

Bank of America Securities: Lowers the Target Price for CQRC BANK to HKD 5.41 and reaffirms the rating as "Buy".

Bank of America Securities released a Research Report indicating that CQRC BANK (03618) had a net profit increase of 5.6% year-on-year last year, which is 1.7% lower than the bank's expectations; pre-provision profit increased by 3.8%, surpassing the expectation of 1.8%. The bank has lowered its profit forecast for the Agricultural Bank by 1 to 3%, and reduced this year's average ROE forecast from 9.7% to 9.3%. Consequently, the Target Price has been decreased from 5.42 HKD to 5.41 HKD. Due to solid core earnings, attractive valuations, and a high dividend yield, it reiterates the 'Buy' rating.

Sina Hong Kong stocks23:41 ET