No Data
No Data
Inaugural U.S. Latina GDP Report Finds Latinas Contribute $1.3 Trillion in GDP
Is Bank of America Corporation (BAC) A Good Dividend Stock According to Warren Buffett?
Bank of America Securities: Downgrade eb environment's target price to 3.3 Hong Kong dollars, rating downgraded to 'underperform'
Bank of America Securities released a research report stating that it has lowered the target price of EB Environment (00257) from HKD 4.4 to HKD 3.3, and downgraded the investment rating from 'buy' to 'underperforming the market'. The bank has revised down its earnings forecast for the company by 10% and 9% for the current and next year, respectively, with the latest forecast 8% lower than the market consensus. This reflects a decrease in sewage treatment volume and profitability, a decline in EB Green Technology's profitability, a decrease in waste-to-energy profitability, an increase in debt this year, and an increase in EB Water Affairs' capital expenditure. The bank pointed out a more negative view on EB Environment, based on the forecast of an 11% decline in core earnings per share for the year, and a decrease in dividends per share for the year due to impairment risks.
Global M&A activity remains sluggish in the second quarter, with the three major Wall Street investment banks leading the M&A market.
According to a recent report by S&P Global Market Intelligence, global merger and acquisition activity is still sluggish in the second quarter of 2024.
Bank of America Securities: Maintains a "neutral" rating on Times Electric, with the target price raised to 34 Hong Kong dollars.
Bank of America Securities released a research report stating that it maintains a neutral rating on Times Electric (03898). Considering the second-quarter performance, the company's profit forecast for each year from this year to 2026 has been raised by 6%, 8%, and 6% respectively. The target price of H shares has been raised from HK$31.7 to HK$34. The report stated that the company's net profit for the second quarter increased by 31% year-on-year, in line with the previously announced preliminary performance; benefiting from the strong growth of railroad equipment, quarterly revenue increased by 16% year-on-year, surpassing the bank's expectations of 7%, and the gross margin reached 32.8%, increasing by 2.5 percentage points year-on-year but decreasing by 1.3 percentage points quarter-on-quarter, slightly lower than the bank's expectation of 33.3%. The bank pointed out,
Bank of America Securities: Reaffirmed a "buy" rating on topsports with a reduced target price of HKD 4.3.
Bank of America Securities released a research report stating that it reiterated a "buy" rating on Topsports (06110) and lowered its earnings forecast for 2025 and 2026 by 17% and 20% respectively to reflect weaker-than-expected retail demand and an increase in potential store closures. The target price was correspondingly reduced by 17% to HK$4.3. The bank expects that recent weak demand may lead to further order reductions and accelerated store closures, thus reducing the company's growth visibility for the fiscal year 2025. Despite the low and challenging growth visibility in the future, the company has a more diversified operating expense structure, has underperformed the market since the beginning of the year, has a relatively high valuation, and has a strong balance sheet.