A director at Xinyi Solar Holdings Ltd bought 9,000,000 shares at 2.348HKD 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 last two ...
Xinyi Solar reported 2024 earnings of Rmb1,008.2m (-73.8% yoy), in line with its profit warning. The weak results stemmed from a slump in solar glass ASP despite a 9.6% sales volume growth, impairment losses on PPE and inventory write-downs. The company has reduced its daily melting capacity to 23,200 tonnes/day (1H24: 27,000 tonnes/day) and halted capacity expansion amid the challenging outlook. Industry production discipline is essential to market stabilisation. Maintain HOLD. Target price: HK...
GREATER CHINA Economics PMI: Uptick in February. Sector Macau Gaming: Feb 25 GGR beat thanks to tail-end effect post CNY; switch top pick to Galaxy. Results New World Development (17 HK/HOLD/HK$4.82/Target: HK$4.45): 1HFY25: Net loss in line with profit warning and primarily caused by inventory impairment; refinancing progress to be the key. Xinyi Solar Holdings (968 HK/HOLD/HK$3.29/Target: HK$3.60): 2024: Below expectations; industry coordination and production discipline crucial to restore mar...
KEY HIGHLIGHTS Economics PMI Manufacturing PMI rebounded to expansionary territory at 50.2 (+1.1pt mom) while non-manufacturing PMI stabilised at 50.4 (+0.2pt mom). Construction activity improved to 52.7 (+3.4pt mom), offsetting weakness in services at 50.0 (-0.3pt mom). Large enterprises led the recovery at 52.5 (+2.6pt mom), while small and medium-sized firms continued to struggle as the former are usually the first to benefit from government-led economic projects. Sector Macau Gaming Maca...
Summary Xi'an Catering Co Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Xi'an Catering Co Ltd (Xi'an Catering) is engaged in diverse range of activities including catering management, brand management, and food sales, specifically focusing on pre-packaged food. Its ma...
Summary Ajisen (China) Holdings Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Ajisen (China) Holdings Ltd (Ajisen) is a fast-casual restaurant chain operator. The company specializes in serving Japanese-style ramen and dishes under the Ajisen brand in Mainland China a...
GREATER CHINA Economics PMI Stuck in a soft patch. Results New Oriental Education & Technology Group (EDU US/BUY/US$69.25/Target: US$90.00) 4QFY24: Earnings miss; impact from East Buy to carve out after 1QFY25. Xinyi Solar Holdings (968 HK/HOLD/HK$3.71/Target: HK$4.00) 1H24: In line; murky demand outlook ahead. Downgrade to HOLD. Update Prudential (2378 HK/BUY/HK$69.90/Target: HK$12...
Summary Saizeriya Co Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Saizeriya Co Ltd (Saizeriya) is a Japanese chain of Italian restaurants. Its restaurants are specialized in serving Italian cuisine. The company’s restaurant's menu features a wide range of salads, sou...
A director at Jiangsu Hoperun Software Co Ltd sold 1,150,000 shares at 22.480CNY and the significance rating of the trade was 68/100. 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 las...
GREATER CHINA Strategy Alpha Picks: August Conviction Calls: We see further risks of a market pullback from growing macro uncertainties and switch to a defensive bias in August. Add AIA, CTGDF, CR Land, and Kweichow Moutai to our BUY list, Ganfeng Lithium, Tinci Materials, Henlius and Sinopharm to our SELL list. This Is Only The Beginning: Hong Kong’s aggregate balance will soon fall below HK$100b, and we expect the prime lending rate to rise 75bp by year-end. Results Kweichow Moutai (600519 CH/...
The independent financial analyst theScreener just lowered the general evaluation of ABC-MART (JP), active in the Apparel Retailers industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date March 18, 2022, the closing pric...
XINYI SOLAR HOLDINGS (HK), a company active in the Renewable Energy Equipment industry, improves its market behaviour and slightly increases its general evaluation. The independent financial analyst theScreener just upgraded the stock market behaviour as moderately risky. At a fundamental level, theScreener confirms 1 out of 4 possible stars; the general evaluation is slightly increased to Neutral but the title remains under pressure. As of the analysis date February 1, 2022, the closing price w...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Support Levels Holding; Bullish Outlook Intact Broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) were able to shrug off news on Monday of a more contagious Covid variant that popped-up in the UK. The fact that these global indexes as well as major averages in the UK (FTSE 100), Europe (STOXX 50), and Japan (TOPIX & TOPIX Small) all held above important base support levels tells us all we need to know -- that the market does not see it as a problem at this point in time. Additionally, C...
Highlighted themes and actionable charts: • Emerging markets (MSCI EM) versus Developed international (MSCI EAFE). Recent USD strength has weighed on EM's relative performance. Given (1) strength in commodity prices (sans precious metals), (2) the potential for some backing-and-filling of the USD, and (3) MSCI EM price and relative strength support levels continuing to hold, we see recent weakness as a buying opportunity... see below, left • Actionable countries. The MSCI BRIC index has re...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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