DBS Maintains Morgan Stanley(MS.US) With Buy Rating, Raises Target Price to $135
Daiwa: Assigns a 'Market Perform' rating to United Lab, with a target price raised to HK$12.
Morgan Stanley released a research report stating that the target price of United Lab (03933) for the years 2024 to 2026 has been raised by 3.8%, 7.2%, and 9.5%, to 1.62, 1.63, and 1.62 RMB respectively, to reflect expectations of stable prices for bulk antibiotics, as well as anticipated growth in the field of animal medical health with the company's new production capacity set to come online next year. Morgan Stanley has raised United Lab's target price from 11 Hong Kong dollars to 12 Hong Kong dollars, while also adjusting capital expenditure forecasts to reflect spending on new facilities, with a rating of 'In line with the broader market.'
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Looking Into Morgan Stanley's Recent Short Interest
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Daiwa Securities: Maintained wuxi apptec's "shareholding" rating, with target price raised to HK$72.3.
Morgan Stanley released a research report stating that it maintains a "shareholding" rating for Wuxi AppTec (02359), with the target price raised from 50 Hong Kong dollars to 72.3 Hong Kong dollars. The most bullish and most bearish scenario target prices are also raised from 97 Hong Kong dollars and 14 Hong Kong dollars to 131 Hong Kong dollars and 20 Hong Kong dollars. In the third quarter, Wuxi AppTec's revenue dropped 2% year-on-year to 10.5 billion yuan, excluding the impact of the new crown virus, it increased by 13% year-on-year, higher than the bank's expected 9.6 billion yuan. Business revenue in the USA excluding the impact of the new crown virus increased by 7.6% year-on-year. Quarterly adjusted non-IFRS net income fell by 3% year-on-year to 3 billion yuan, also exceeding the bank's expectations, benefiting from
Daiwa: Reiterate the "shareholding" rating for BYD Electronic with a target price of 50 Hong Kong dollars.
Daqo released a research report stating that BYD Electronic (00285) is expected to see a 70% quarterly increase in net profit in the third quarter due to the peak season and good synergies, with the low base supporting an accelerated year-on-year growth for the next two to three quarters. The bank believes that the strong quarterly earnings performance of the company reflects the good synergies generated by the recent acquisition of the metal casing business during the peak season. Reiterated a "shareholding" rating on the stock, with a target price of HK$50.
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Daiwa: Rated haier smarthome as "in sync with the market". Third quarter performance meets expectations.
Morgan Stanley released a research report stating that Haier SmartHome (06690) third-quarter performance meets expectations, expecting to see a better trend in the fourth quarter; the bank expects its fourth-quarter revenue growth to accelerate to mid to high single digits year-on-year, mainly driven by domestic market home appliance 'trade-in old for new' support, as well as expected to increase by more than 15% year-on-year in net profit attributable to shareholders due to continuous efficiency improvement measures. The bank rates the company's H shares as 'in line with the market'.
Citi: China Oilfield Services rated as "shareholding", with a target price of 11.5 Hong Kong dollars.
Morgan Stanley released a research report stating a "shareholding" rating for China Oilfield Services (02883), with a target price set at 11.5 Hong Kong dollars. The company's net profit in the third quarter of this year was 0.852 billion RMB, down 9% year-on-year and 11% quarter-on-quarter, falling short of market expectations, mainly due to a 0.2 billion RMB forex loss and lower utilization rate of semi-submersible drilling platforms. The report mentioned that in the third quarter, the utilization rate of semi-submersible drilling platforms for China Oilfield Services was 50%, lower than the 75% in the second quarter. The company's management explained that this was mainly due to the impact of typhoons and the lower utilization rate of the semi-submersible drilling platform "Xingwang". China Oilfield Services management
Citi: Maintains 'shareholding' rating on Conch Cement, with a target price of HK$21.9.
Morgan Stanley released a research report stating that Conch Cement (00914) saw a 40% year-on-year decrease in net profit to 5.2 billion yuan in the first nine months, with third-quarter net profit at 1.87 billion yuan, slightly below the bank's expectations. The bank rates the company as "shareholding," with an H-share target price of 21.9 Hong Kong dollars. The bank estimates that the third quarter of 2023 will see a self-produced clinker and cement shipment volume of around 6.9 million tons, a 6.2% year-on-year decrease, and a 1.67% decrease compared to the previous quarter. This is a further decline compared to the 3.1% drop in the first half of this year, possibly due to industry production adjustments resulting from weak demand. The average selling price for the third quarter is expected to be around 2 yuan per ton.
Morgan Stanley To Go Ex-Dividend On October 31st, 2024 With 0.925 USD Dividend Per Share