Goldman Sachs: Maintains 'neutral' rating on Conch Cement, target price raised to HK$16.
Goldman Sachs released a research report stating that it maintains a "neutral" rating on Conch Cement (00914) with a target price raised to 16 Hong Kong dollars. The report mentioned that Conch Cement's recurring profit in the first half of the year, excluding one-time projects, dropped by 42% year-on-year to 3.85 billion yuan, which is better than the bank's expectations. The bank has raised its profit forecast for the company from 2024 to 2026 by 5% to 11% to reflect the bottoming out of cement unit gross profit, offsetting the impact of the decline in cement and clinker sales volume. Goldman Sachs pointed out that the continued decrease in market demand leads to a decrease in shipments, limiting significant improvement in profit per unit and the recovery of overall profit. It is expected that Conch Cement will
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Goldman Sachs: Maintains a "buy" rating on Shenzhou International Group Holdings Limited unsponsored ADR, with a target price lowered to HKD 90.
Goldman Sachs released a research report stating that it maintains a 'buy' rating on shenzhou international group holdings limited unsponsored adr, but due to normalizing business and increased global demand uncertainty, the target price has been lowered from HKD 105 to HKD 90. The report stated that the company's first-half net profit exceeded expectations, believed to be due to a decrease in tax rates and an increase in gross margin. During the period, sales volume increased by over 20% year-on-year, but was offset by the decline in average selling price (ASP), resulting in some revenue growth being canceled out. Management's guidance for the full year is a 15% to 20% increase in sales volume and a narrowing decline in ASP. In the second half of the year, Goldman Sachs expects sales volume growth to slow down with a higher base.
Goldman Sachs: Maintains a "buy" rating on BOC Hong Kong, with a target price of 27.7 Hong Kong dollars.
Goldman Sachs released a research report stating that it maintains a "buy" rating on BOC Hong Kong (02388). Considering the second-quarter performance, the earnings per share forecast for 2021 to 2026 are increased by 6%, 5%, and decreased by 7% respectively. The dividend payout ratio forecast for this year is lowered to 54%, the same as last year. The target price is lowered from 30.1 Hong Kong dollars to 27.7 Hong Kong dollars. The report states that the company's second-quarter operating profit was higher than expected, mainly due to higher net interest margin and more fee income, which increased revenue. The earnings per share for the first half of the year also exceeded expectations, but the dividend per share was lower than expected. The bank expects the stock price to respond moderately to performance.
Morgan Stanley Maintains Goldman Sachs(GS.US) With Buy Rating, Raises Target Price to $562
Goldman Sachs Options Spot-On: On August 29th, 127.79K Contracts Were Traded, With 269.06K Open Interest
Sector Update: Financial Stocks Higher Thursday Afternoon
Sector Update: Financial
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Sackville Capital poaches McKinsey executives to seek to drive private equity business.
The fund management company founded by former Goldman Sachs executives has recruited a senior executive from McKinsey. This fund management company is increasingly focused on private equity investments. According to the Sackville Capital website, Gary Pinkus, co-founder of the McKinsey Private Equity Investment Advisory Department, has recently joined this company founded by Nasir Alsharif, serving as a member of the board of directors and chairman of the platform committee. The platform provides support for individuals seeking to develop their own investment business. Chief Investment Officer of Cornell University, Kenneth Miranda, former...
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LOWE'S TO PARTICIPATE IN GOLDMAN SACHS 31ST ANNUAL GLOBAL RETAILING CONFERENCE
Goldman Sachs Group's (NYSE:GS) Dividend Will Be Increased To $3.00
Market Chatter: UK Poised to Delay Bank Capital Reforms Until at Least January 2026
Wells Fargo Maintains Goldman Sachs(GS.US) With Buy Rating, Maintains Target Price $550
The Federal Reserve has slightly lowered Goldman Sachs' pressure capital buffer requirement to 6.2%.
After goldman sachs requested an adjustment, the Federal Reserve slightly lowered the pressure capital buffer requirements for this Wall Street giant. The Fed said in a statement on Wednesday that after goldman sachs provided more information, the bank's pressure capital buffer requirement was reduced from the initial 6.4% to 6.2%. Goldman sachs stated that the adjusted common equity tier 1 capital ratio is 13.7%, effective from October 1. The Fed conducts stress tests on banks annually to determine the scale of the capital buffer banks must hold. Following last year's stress test, goldman sachs' pressure capital buffer dropped to 5.5%. The Fed's decision on Wednesday marked the first time it implemented the pressures since 2020.
Goldman Sachs To Go Ex-Dividend On August 30th, 2024 With 3 USD Dividend Per Share
Fed Announces Final Individual Capital Requirements for Large Banks