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Goldman Sachs Newsroom
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Goldman Sachs: Lowered bud apac's target price to 10.1 Hong Kong dollars, maintaining a "buy" rating.
Goldman Sachs released a research report stating that it has lowered Bud APAC (01876) target price by 8.2%, from 11 Hong Kong dollars to 10.1 Hong Kong dollars, maintaining a "buy" rating. Goldman Sachs lowered the company's 2024-2026 sales forecast by 1-3%, mainly due to weak sales volume and average selling price (ASP) in china, partially offset by better ASP in south korea, thus lowering profit forecasts for 2024-2026 by 3-8%. The report states that Bud APAC management has committed to good growth in dividend per share in 2024, with Goldman Sachs expecting dividend yields of 5.2% and 5 for 2024 and 2025.
Apple executives interpret Q4 financial report: We rarely experience supply and demand imbalances, and will continue to drive AI investment next year.
Apple Inc. released its financial report for the fourth quarter and fiscal year 2024: total net revenue for the fourth quarter was $94.93 billion, a 6% year-on-year increase; net income was $14.736 billion, a 36% year-on-year decrease; diluted earnings per share were $0.97, a 34% year-on-year decrease. Apple's revenue in the greater China region for the fourth quarter was $15.033 billion, slightly lower than the $15.084 billion in the same period last year (Note: Apple's fiscal year is different from the calendar year, running from October 2023 to September 2024). After the financial report was released, Apple's management held a conference call.
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Goldman Sachs believes that the Swiss franc will benefit from the risk of US tariffs.
Goldman Sachs stated that if the tariff risks significantly increase after the US election, the bank would consider changing its neutral stance on the Swiss franc to a call. Strategists Lexi Kanter and Michael Cahill stated that in this scenario, the Swiss franc would be the biggest beneficiary outside the US dollar. The bank noted that Switzerland's export basket is mainly composed of technologically advanced products and pharmaceuticals, with these products lacking price elasticity and being non-cyclical. If the US imposes tariffs, the eurozone economy may weaken. The report stated that this should boost demand for the Swiss franc, which is traditionally a safe haven when Europe is in trouble. In addition, the strategy
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Full Text | Ideal Q3 Earnings Conference Record: Hoping next year's sales growth rate will be twice that of the high-end new energy autos market.
li auto inc (NASDAQ: LI; HKEX: 2015) today released the third quarter financial report for the year 2024 ending on September 30: total revenue was 42.9 billion yuan, a year-on-year increase of 23.6% and a quarter-on-quarter increase of 35.3%. Net income was 2.8 billion yuan, a year-on-year increase of 0.3% and a quarter-on-quarter increase of 56.2%. Non-GAAP net income was 3.9 billion yuan, a year-on-year increase of 11.1% and a quarter-on-quarter increase of 156.2%. After the financial report was released, the li auto inc management held a conference call, attended by li auto inc Chairman and CEO Li Xiang, CFO Li Tie, President Ma Donghui, and senior vice president.
Goldman Sachs: Maintains a 'buy' rating on BYD Company with a target price of 359 Hong Kong dollars.
Goldman Sachs released a research report stating that it maintains a 'buy' rating on BYD Company (01211) with a target price of HK$359 for its H shares. The company's third-quarter revenue met expectations, with net income exceeding market expectations by 11%. With the increase in sales volume, the gross margin expanded by 3.2 percentage points quarter-on-quarter, achieving economies of scale. The report stated that although BYD's gross margin was higher than expected, it was offset by increased operating expenses. Looking ahead, it is expected that BYD will continue to launch new car models in the remaining time this year, further driving sales growth. It is projected that sales in the fourth quarter will increase by 12% quarter-on-quarter to 1.267 million units, gross...
Goldman Sachs: Maintains a "buy" rating on AIA with a target price of 93 Hong Kong dollars.
Goldman Sachs released a research report stating that AIA (01299) maintained robust growth momentum in the new business value in all major markets in the third quarter, maintaining a 'buy' rating with a target price of HK$93. The report pointed out that AIA's third-quarter new business value exceeded the bank's and the market's expectations, with all major markets maintaining robust growth momentum, with Hong Kong being the fastest-growing market, benefiting from local market and mainland visitor support. As for the mainland business, despite facing a high base effect and withdrawing some high-guarantee products, the mainland business still achieved a 9% year-on-year growth.
Meta executives interpret the Q3 financial report: Meta AI is expected to become the world's top AI assistant by the end of the year, with monthly active users exceeding 0.5 billion.
Meta released its unaudited financial report for the third quarter today: revenue was $40.58 billion, a year-on-year increase of 19%; net income was $15.688 billion, a year-on-year increase of 35%; earnings per share were $6.03, a year-on-year increase of 37%. Meta's third-quarter revenue and EPS both exceeded Wall Street analysts' previous expectations, but the outlook for fourth-quarter revenue fell short of expectations; the year-on-year growth rate of net income hit the lowest level since the second quarter of 2023. After the financial report was published, Meta's CEO Mark Zuckerberg expressed disappointment with the fourth-quarter revenue outlook.
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Investors in Goldman Sachs Group (NYSE:GS) Have Seen Stellar Returns of 171% Over the Past Five Years