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05.06.25 - 05:15
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Research: CMS Initiates Coverage of TME-SW with Rating Strongly Recommend (AAStocks)
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China Merchants Securities has initiated coverage of TME-SW (01698.HK) with a rating of Strongly Recommend.In the broker's opinion, TME-SW had around a 70% share in the online music market on the back of Tencent. With a solid advantage in content licensing and empowered by innovative technologies such as AIGC, the company is......
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19.05.25 - 05:30
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Research: CMS Lifts NTES-S TP to HKD240; 1Q25 Results Beat (AAStocks)
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NTES-S (09999.HK) (NTES.US) reported a 7.4% YoY increase in its 1Q25 revenue, higher than the expected 3%, primarily due to strong growth in gaming business revenue, according to a report from China Merchants Securities. The group's gross profit also rose by 8.6% YoY, with the GPM expanding by 0.7 ppts to 64.1%.China Merchan......
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07.05.25 - 04:45
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Research: CMS Slashes YUM CHINA TP to $445, Cuts Sales Forecasts (AAStocks)
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The same-store sales growth of YUM CHINA (09987.HK) (YUMC.US)'s KFC and Pizza Hut improved and profit margin expanded, but overall sales were still weaker than expected, dragging down the Company's 1Q25 performance, China Merchants Securities (CMS) issued a research report saying.Taking into account YUM CHINA's conti......
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20.03.25 - 03:45
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Research: CMS Lifts XPENG-W TP to $115, Rating Overweight (AAStocks)
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XPENG-W (09868.HK)'s 4Q24 net loss amounted to RMB1.33 billion, in line with expectation, China Merchants Securities (CMS) issued a research report saying. XPENG-W forecasted its full-year sales to double, with 1Q25 deliveries reaching 91,000 to 93,000 units, up 317-326% YoY, corresponding to March sales of about 31,000 unit......
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11.11.24 - 04:42
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IPO: Dmall Begins to Assess Investors' Interest in HK IPO: Report (AAStocks)
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Dmall, a company under the former chairman of Wumart Group Zhang Wenzhong, began to assess the interest of investors in the Hong Kong IPO on Monday (11th), with its general coordinators being UBS, CMBI, China Merchants Securities (CMS), CITIC CLSA and CICC, Bloomberg quoted sources as saying.~AAStocks Financial NewsWeb Site: www......
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06.11.24 - 04:12
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Research: CMS: YUM CHINA (09987.HK) 3Q Results Beat; New TP $461 (AAStocks)
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YUM CHINA (09987.HK)'s 3Q24 results beat expectations, marking the second consecutive quarter of positive earnings surprises, China Merchants Securities (CMS) released a research report saying. The above performance reflects the Company's successful new business execution, determined store expansion and continued operati......
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11.09.24 - 06:12
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Research: CMS Ratings, TPs on CN Internet Stocks (Table) (AAStocks)
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China Merchants Securities released a report listing its investment ratings and TPs on China's internet stocks:Stock│Investment Rating│TP│2025 PE ForecastPlatformTENCENT (00700.HK)│Overweight│$474│13.1xAlibaba (BABA.US)│Overweight│US$126│9.6xMEITUAN-W (03690.HK)│Ove......
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11.09.24 - 00:07
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XFRA : DIVIDEND/INTEREST INFORMATION - 12.09.2024 - CNE1000029Z6 (XETRA)
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Das Instrument 195H CNE1000029Z6 CHINA MERCH.SECUR. H YC 1 EQUITY wird cum Dividende/Zinsen gehandelt am 11.09.2024 und ex Dividende/Zinsen am 12.09.2024
The instrument 195H CNE1000029Z6 CHINA MERCH.SECUR. H YC 1 EQUITY has its pre-dividend/interest day on 11.09.2024 and its ex-dividend/interest day on 12.09.2024...
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30.08.24 - 05:24
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Research: CMS Raises MEITUAN-W TP to $157; Solid Mkt Position (AAStocks)
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China Merchants Securities noted in a research report that MEITUAN-W (03690.HK)'s 2Q24 revenue grew 21% YoY to RMB82 billion, exceeding estimates by 2%, while adjusted net profit rose 78% YoY, outperforming forecasts by 32%.For 3Q, CMS expected MEITUAN's revenue to grow 20% YoY, with core local commerce revenue up 18%. I......
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