Arkema : Début d’année décevant aux US

Geely Auto (175 HK): 2024: Core earnings up 50% yoy, beating estimates...

Geely’s 2024 net profit and core net profit came in above estimates at Rmb16.63b (+213% yoy) and Rmb8.54b (+50% yoy) respectively due to upbeat margins in 4Q24. Looking ahead, management maintained 2025 sales target at 2.71m units (+25% yoy) and guided a 16.5% gross margin (+0.6ppt yoy) for 2025, based on strong product cycles and economies of scale. We lift our 2025-26 net profit forecasts by 10%/14% to Rmb11.68b/Rmb14.89b. Maintain BUY. Raise target price to HK$29.00.

Crystal International (2232 HK): 2024: Record-high dividend payout; lo...

Crystal’s net profit grew 22.6% yoy in 2024, in line with our estimate. Full-year DPS doubled to 38.3 HK cents, representing a record-high 70% payout ratio (including its special dividend). Management is positive on 2025 outlook and expects low-teens order growth and full capacity utilisation throughout 2025. We expect a 15% net profit growth in 2025 and raise dividend payout forecast from 60% to 65% in 2025-27, which translates to a 7.7%/8.8% yield in 2025-26. Maintain BUY and raise target pric...

SSAB : Conjunction between four buoyant themes

AAC Technologies (2018 HK): 2H24: Revenue and earnings beat; expect g...

AAC’s 2H24’s earnings grew 114% yoy which exceeded expectations, thanks to a solid beat in the precision mechanics business, although this was partially offset by weaker margins from the optics and MEMs businesses. Nevertheless, we continue to expect solid revenue growth and margin expansion in 2025, driven by increasing exposure from the automotive acoustics business and edge AI-related components. Upgrade to BUY and raise target price to HK$57.70.

North Sea growth story continues

Badger Infrastructure Solutions Ltd: 1 director

A director at Badger Infrastructure Solutions Ltd bought 1,775 shares at 28.209USD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...

United Bank Ltd: 2 directors

Two Directors at United Bank Ltd bought 22,626 shares at between 385.680PKR and 386.242PKR. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...

Mena Tourism & Real Estate Investment: 1 director

A director at Mena Tourism & Real Estate Investment sold 229,135 shares at 0.000EGP and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...

Fairfax Financial Holdings Limited: 1 director

A director at Fairfax Financial Holdings Limited sold 1,000 shares at 1,985.000CAD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...

Palm Hills Developments Company: 1 director

A director at Palm Hills Developments Company bought/sold 515,250 shares at 0.000EGP and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...

Xiangyang Boya Precision Industrial Equipments Co Ltd: 1 director

A director at Xiangyang Boya Precision Industrial Equipments Co Ltd sold 183,000 shares at 23.390CNY and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's di...

Puma : Roadshow feedback: Focus on sportstyle prime

Hapag-Lloyd : Caution required. Neutral, target price cut to € 130