No Data
CITIC SEC: The BLUE MOON GROUP is heavily investing to drive high growth online. It is recommended to pay attention to the progress of channel development.
CITIC SEC released a Research Report stating that BLUE MOON GROUP (06993) will have a full-year revenue of 8.56 billion Hong Kong dollars in 2024 (up 16.8% year-on-year), with revenue of 5.42 billion Hong Kong dollars in H2 2024 (up 6.3% year-on-year). The sales expense ratio for the second half of the year is 52.5%, a decrease of 17.8 percentage points compared to the previous quarter. The gross margin remains relatively stable despite rising raw material prices. The company is accelerating its channel adjustment and construction, enhancing its investments and sales model on e-commerce platforms, and combining measures such as live streaming with major manufacturers to achieve a year-on-year online revenue growth of 34.1%. The institution expects the company to optimize its marketing expenses.
Earnings Preview: CITIC SEC to Report Financial Results on April 29
CITIC SEC: Initiates a "Buy" rating on NetEase Cloud Music with a Target Price of 181 Hong Kong dollars.
CITIC SEC released a Research Report stating that it expects NetEase Cloud Music (09899) to have adjusted Net income of 1.833/2.135/2.509 billion yuan for 2025 to 2027. Based on the results of the SOTP valuation method and DCF valuation method, a Target Price of HKD 181 per share is given with initial coverage and a "Buy" rating. The firm stated that NetEase Cloud Music is a leading online music platform in China, possessing a strong interactive and youthful music Community ecosystem. The firm believes that with the improvement of the competitive landscape, an increase in user willingness to pay, and a reshaping of the value chain, the online music Industry has entered a stage of healthy growth.
CITIC SEC: TONGCHENGTRAVEL fully acquires Wanda Hotel Management, maintaining a "Buy" rating.
CITIC SEC released a Research Report stating that TONGCHENGTRAVEL (00780) recently announced a full acquisition of Wanda Hotel Management (Hong Kong) Company for 2.497 billion yuan, further improving its hotel management Business layout. The acquired symbol Wanda Hotel Management uses a light Asset Operation model, currently managing 204 high-end and luxury hotels, and possesses 17 million high-end member resources, which complement the existing membership system of eLong Hotel Management well. In the medium to long term, the company's core OTA Business is expected to continue leading the Industry through traffic advantages and technological empowerment, and the company is expected to support new businesses such as PMS, travel agencies, and hotel management through both organic and external development.
CITIC SEC: Maintaining the "Buy" rating for CSC DEVELOPMENT with a Target Price of 3 Hong Kong dollars.
CITIC SEC released a research report stating that CSC DEVELOPMENT (00830) published its first-quarter report for 2025, achieving revenue of 2.092 billion yuan, a year-on-year increase of 3.0%, and realized operating profit of 0.432 billion HKD, an increase of 0.2% year-on-year. With the growth of the Hong Kong and Macau regions and Emerging Markets + BIPV industry, the company's performance is expected to experience rapid growth. Considering the comparable companies' PE ratios and the company’s historical PB valuation, a target market cap of 6.7 billion HKD is assigned for 2025, corresponding to a target price of 3 HKD, maintaining a 'Buy' rating.
CITIC SEC: Maintains Buy rating on Baidu Group-SW, with both revenue and profit expected to gradually reach a turning point.
CITIC SEC released a Research Report stating that it expects Baidu Group-SW (09888) Cloud Computing business to grow by 20.0% year-on-year in Q1 2025, benefiting from sustained strong growth in GPU and AI demand. Looking ahead, the firm anticipates that as the macro environment improves, AI search commercialization progresses, and the base effect weakens, both revenue and profit are expected to gradually reach a turning point. In the medium term, with AI being integrated across multiple business lines, the firm expects smooth progress in commercialization, while the cloud business focuses on optimizing scenarios and costs, and AI's contribution to performance continues to rise. Considering the potential for subsequent performance recovery and revaluation of new business, the firm maintains a 'Buy' rating on the Company.
Mr Careful : this stock is quite strong. did not fall much. BYD falls like a rock.
ValueBull OP Mr Careful : it's a net cash company that is trading BELOW ITS NET CASH PER SHARE. this is getting the business for free
Mr Careful ValueBull OP : no worries. I dont short this counter.