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Goldman Sachs: Reiterates Buy rating for HKEX, Target Price raised to 410 HKD.
Goldman Sachs released a research report stating that it reiterates the "Buy" rating for HKEX (00388) and raises the target price to 410 Hong Kong dollars. Currently, the trading volume in the Hong Kong stock market has reached about 1.5 times that of the first three quarters of 2024, mainly driven by policy support. Since nearly half of the revenue of the Hong Kong Stock Exchange comes from the stock market, the bank expects that the increase in trading will translate into about 20% basic profit growth in the first half of 2025. Goldman Sachs stated that further growth in trading volume may come from a recovery in IPOs, including potential A+H listings. It is estimated that currently about 1,385 A-share companies meet the qualifications for listed in Hong Kong, with a market cap exceeding 10 billion yuan, of which if any...
Goldman Sachs: Raises AAC TECH's Target Price to 59 HKD, maintains Buy rating.
Goldman Sachs released a Research Report stating that it has raised the Target Price for AAC TECH (02018) Listed in Hong Kong from HKD 54 to HKD 59, maintaining a "Buy" rating. Goldman Sachs expects its net profit guidance for the fiscal year 2024 to reach between RMB 1.7 billion and RMB 1.8 billion, with a year-on-year increase of 130% to 145%; the midpoint net profit is RMB 1.22 billion, exceeding the bank and market expectations by 14% and 7% respectively. Goldman Sachs believes that the net profit exceeds expectations due to a better product mix leading to a gross margin higher than expected, as well as improvements in operating expenses due to increased efficiency. The bank expects that the growth in content scale and incremental revenue from new Business will drive AAC TECH.
The CEO of the Russian sovereign wealth Fund may join the Riyadh talks between Russia and the United States.
According to reports from TASS, Russian presidential advisor Yuri Ushakov stated that Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF), may participate in the Riyadh talks as part of the Russian delegation to discuss economic issues. It is reported that Russian President Putin has formed a heavyweight negotiation team to discuss the Ukraine issue with the USA, which includes financier Dmitriev, who studied at Stanford and Harvard; after working at McKinsey and Goldman Sachs, Dmitriev returned to Russia to lead a private...
Express News | Kayali Founder Mona Kattan to Jointly Own Kayali With General Atlantic
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