A director at China Lesso Group Holdings Limited bought 4,000,000 shares at 2.560HKD 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 th...
Lesso posted in-line 1H21 net profit growth of 30.7% yoy to Rmb1.81b, thanks to inline plastic pipe sales volume and stable margins, despite the raw material price hikes. We expect its margins to stay resilient in 2H21, with potential easing of raw material prices and a pick-up in infrastructure demand in 4Q21. Meanwhile, contribution from building materials and overseas business should rise as well. Reiterate BUY and maintain target price at HK$19.00.
KEY HIGHLIGHTS Results Air China (753 HK/BUY/HK$5.16/Target: HK$6.26) 1H21: Weak 1H21, but guidance for improved yields suggests worst could be over. Upgrade to BUY. Baoshan Iron & Steel (600019 CH/BUY/Rmb8.93/Target: Rmb12.00) 1H21: Record-high results in strong steel market; declares interim dividend. BYD Company (1211 HK/BUY/HK$261.40/Target: HK$400.00) 2Q21: Results missed estimates, but outlook beat expectations. Upgrade from HOLD to BUY, and raise target price from HK$250.00 to HK$400.0...
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....
Lesso posted better-than-estimated 2020 net profit growth of 24% yoy to Rmb3.75b, thanks to in-line plastic pipe sales volume and stable margins. We expect its margins to remain robust in 2021, in line with management’s positive view for its plastic pipe business. Meanwhile, contribution from the building material and overseas businesses should rise in 2021. We raise our target price to HK$19.00 on higher earnings forecasts. Re-iterate BUY.
KEY HIGHLIGHTS Results BYD Company (1211 HK/BUY/HK$170.40/Target: HK$270.00) 4Q20: Results miss; disappointing 1Q21 earnings guidance. Cut target price from HK$320.00 to HK$270.00. Maintain BUY on still bright long-term outlook. China Lesso Group Holdings (2128 HK/BUY/HK$16.68/Target: HK$19.00) 2020:Above estimates; positive outlook for 2021. Dongfeng Motor (489 HK/BUY/HK$6.98/Target: HK$12.00) 2H20: Earnings beat estimates. Maintain BUY. Target price: HK$12.00. Frontage Holdings Corporatio...
CHINA LESSO GROUP (HK), a company active in the Building Materials & Fixtures industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 19, 2021, the closing price was HKD 16....
We remain positive on the waterproof materials segment on the back of accelerating market consolidation. This is evidenced by the leaders’ much stronger-than-expected 4Q20 result and enlarged losses incurred in the industry. Despite the property sector headwinds, we believe that the market leaders’ massive capacity expansion plans will help further strengthen their leading positions in the future. Maintain OVERWEIGHT on the China Building Materials sector. Top pick: Oriental Yuhong.
We prefer the waterproofing materials segment whose annual sales growth would stay at a high single-digit level. Each segment leaders’ revenue growth is solid at 15-25%, driven by market consolidation and stems from the growing pursuit of quality and rising brand awareness. The urban renewal projects would serve as a short-term growth driver. Initiate coverage with OVERWEIGHT and our top pick is Oriental Yuhong.
We initiate the building materials sector and prefer the waterproofing materials segment whose annual sales growth would stay at a high single-digit level. Each sector leaders’ revenue growth is solid at 15%-25%, driven by market consolidation and stems from the growing pursuit of quality and rising brand awareness. The urban renewal projects would serve as a short-term growth driver. Initiate the sector with OVERWEIGHT and top pick is Oriental Yuhong.
KEY HIGHLIGHTS CHINA Sector Aviation Flat pax yields in 1Q19; earnings could improve in 2H19 with a cut in civil aviation development fee. Results China Construction Bank (939 HK/BUY/HK$6.93/Target: HK$9.00) 1Q19: Margins squeezed but non-interest income boosted. China Merchants Bank (3968 HK/BUY/HK$38.85/Target: HK$45.59) 1Q19: Steady growth supported by strong balance sheet. Guangzhou Automobile Group (2238 HK/BUY/HK$8.43/Target: HK$12.00) 1Q19: Core net profit falls 42% yoy but surges...
CORPORATES CREDIT OPINION 9 June 2017 Update RATINGS China Lesso Group Holdings Limited Domicile Cayman Islands Long Term Rating Ba1 Type LT Corporate Family Ratings - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Franco Leung, CFA 852-3758-1521 VP
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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