ubs group: assigns bosideng a "buy" rating with a target price of 5.92 Hong Kong dollars.
UBS Group released a research report stating a "buy" rating on Bosideng (03998), believing that the valuation is attractive, and expecting a 13% average annual growth rate in net income for the fiscal years 2025 to 2026, with a dividend yield of 7%. Although its growth potential is higher, the current trading price is still below the industry median, with a target price of 5.92 Hong Kong dollars. The bank expresses optimism towards Bosideng's diversified business strategy, involving outdoor and sun protection products, aimed at capturing sales growth in the summer and autumn over the long term. The bank expects this strategy to enhance the company's profit stability, reduce its dependence on winter, and potentially boost.
UBS Group: assigns a "buy" rating to Cathay Pac Air with a target price of 10.8 HKD.
Ubs Group released a research report stating a 'buy' rating for Cathay Pac Air (00293), still considering Cathay Pac Air as one of the preferred stocks in the Asia-Pacific aviation sector, with a target price of 10.8 Hong Kong dollars. Following Cathay Pacific Aviation's recent repurchase of warrants, it is now being recommended to repurchase the 6.7 billion yuan convertible bonds due in 2026 based on factors such as market conditions, investor demand, and dealer management agreements. Assuming a conversion price per share of 7.92 yuan, and full conversion, the dilution of equity may be as high as 12%. The bank expects a positive market reaction to Cathay Pacific's planned repurchase of convertible bonds. From a fundamental perspective, the bank believes that the market is undervaluing the Cathay Pac Air.
Market Chatter: UBS Fills Investment Banking Roles
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Crude oil in the USA rose on Thursday, but the market outlook remains pessimistic.
Crude oil futures rose slightly on Thursday, with the benchmark oil trading price in the usa at about $69 per barrel, but market outlook remains pessimistic. According to the International Energy Agency's monthly market report, global crude oil supply is expected to exceed demand by 1 million barrels per day next year, driven by strong growth in the usa. As of the time of this report, the price of West Texas Intermediate (WTI) futures for December delivery on the New York Mercantile Exchange rose by 49 cents, or 0.7%, to $68.92 per barrel. Year-to-date, this futures has fallen more than 3%. As the global...
Swiss Regulator Issues Strategies to Oversee Banks' Operations
