智通财经APP讯，渣打集团(02888)发布2025年第一季度业绩，经营收入按固定汇率基准计算增加7%至 54亿美元，倘剔除重大项目，则增加12%(按固定汇率基准计算)。净利息收入增加7%至28亿美元(按固 定汇率基准计算)。非净利息收入上升7%至26亿美元(按固定汇率基准计算)，倘剔除重大项目，则增加 18%(按固定汇率基准计算)。财富方案业务上升28%(按固定汇率基准计算)，其中投资产品及银行保险均 取得双位数增长。环球银行业务上升17%(按固定汇率基准计算)，受放贷量增加及资本市场活动增多所 带动。环球市场业务上升14%(按固定汇率基准计算)，经常性及非经常性收入均取得强劲表现。 除税前基本溢利增加12%(按固定汇率基准计算)至23亿美元;除税前列账基准溢利增加15%(按固定汇率基 准计算)至21亿美元。列账基准母公司股东应占溢利15.90亿美元，同比增长13%。 本集团依然保持充足资本及高流动性，具备多元化及稳健的存款基础。流动性覆盖比率为147%，反映 了严谨的资产及负债管理。于2025年二月宣布15亿元的股份回购计划后，普通股权一级资本比率在其影 响下仍保持在13.8%的稳健水平，至于第一季度的溢 ...

渣打集团(02888.HK)：计划2024年至2026年累计向股东返还至少80亿美元。 ...

渣打集团：第一季度经营收入按固定汇率基准计算增加7%至54亿元；股东应占溢利15.02亿元，同比增 长8%。 ...

智通财经5月2日电，渣打集团第一季度经调整除税前利润22.8亿美元，预估21.5亿美元。 ...

Group 1 - Leap Motor (09863.HK) saw its intraday gain expand to over 6% [1]

高盛(GS.N)：上调香港交易所(00388.HK)目标价2%至386港元，维持买入评级。 ...

Core Viewpoint - The report from Guosheng Securities highlights the strong performance of China Hongqiao's subsidiary Shandong Hongqiao in Q1 2025, with significant revenue and profit growth driven by rising profits in electrolytic aluminum production [1][2]. Financial Performance - In Q1 2025, Shandong Hongqiao achieved revenue of 40.17 billion yuan, representing a year-on-year increase of 16% and a quarter-on-quarter decrease of 4% [1][2]. - The net profit attributable to shareholders was 6.36 billion yuan, showing a year-on-year increase of 46% and a quarter-on-quarter increase of 40% [1][2]. Profitability Drivers - The increase in profits for Q1 2025 is primarily attributed to the rapid growth in electrolytic aluminum profits [2]. - The average price of electrolytic aluminum in Q1 2025 was 20,400 yuan per ton, a year-on-year increase of 7.3% and a quarter-on-quarter decrease of 0.5% [3]. - The profit from electrolytic aluminum reached 2,476 yuan per ton, marking a year-on-year increase of 12% and a quarter-on-quarter increase of 2366% [3]. Cost Structure - The total cost of electrolytic aluminum production in Shandong was 15,810 yuan per ton, reflecting a year-on-year increase of 5% and a quarter-on-quarter decrease of 16% [3]. - The total cost for electrolytic aluminum production in Yunnan was 17,622 yuan per ton, with a year-on-year increase of 2% and a quarter-on-quarter decrease of 19% [3]. Capacity Transition - The company is accelerating the transition of electrolytic aluminum capacity from Yunnan, having shut down 24.1 million tons of production capacity in the C series at the Binzhou Hongnuo project [4]. - The company is replacing this capacity with new production lines, which are expected to enhance efficiency and reduce costs [4]. Investment Outlook - The company is positioned for significant growth through overseas expansion and deep integration with upstream and downstream partners, benefiting from its undervalued status in the Hong Kong stock market [4].

金十数据5月2日讯，当地时间5月1日，美国华盛顿、纽约、洛杉矶等主要城市爆发抗议活动。抗议者对 美国政府的多项政策表达不满，要求美国政府"把资金用于就业和教育，而不是对外发动战争"，同时要 求美国政府改变在削减政府开支、移民、巴以等问题上的立场。 美多地民众抗议美政府 ...

Core Viewpoint - CICC has downgraded the 2025 profit forecast for Poly Property (06049) by 6% to HKD 1.55 billion, reflecting a 5% year-on-year growth, while introducing a 2026 profit forecast of HKD 1.62 billion, also a 5% year-on-year growth. The target price has been reduced by 9% to HKD 38.6, indicating a 25% upside potential based on a 13x target P/E for 2025 [1] Group 1 - The bidding expansion strategy is expected to drive stable growth in the core property management segment, with a projected annual contract value of new third-party projects in 2024 at HKD 3.01 billion, remaining flat year-on-year. The commercial and public service sectors are expected to see a 13% year-on-year increase in contract value to HKD 2.75 billion [2] - The overall revenue growth rate for the core property management segment is anticipated to exceed 10%, with third-party project revenue growth potentially outpacing the overall growth [2] Group 2 - In the value-added services segment, non-owner value-added income may face pressure due to the current real estate market conditions and short-term challenges in office leasing. However, there is potential growth in community maintenance and elevator maintenance services. The company has shifted its strategy from a broad product range to focusing on core products, leading to a slight decline in overall revenue [3] - By 2025, the adjustment in business layout is expected to conclude, stabilizing profitability in community value-added services [3] Group 3 - The company reported a net operating cash flow of HKD 2.3 billion in 2024, with a coverage ratio of 1.6 times against net profit attributable to shareholders. This is expected to provide support for operating cash flow in 2025 [4] - The dividend payout ratio is set to increase by 10 percentage points to 50% in 2024, reflecting the management's commitment to shareholder returns. The company aims to enhance operational quality while steadily optimizing its dividend mechanism [4]

Group 1 - The automotive stocks have collectively risen, with notable increases in companies such as Xpeng Motors, Li Auto, and Leap Motor, reflecting positive market sentiment [1] - In April, several automakers reported significant year-on-year growth in vehicle deliveries, with Leap Motor leading the new forces with a 173% increase, followed by Xpeng Motors at 273% and NIO at 53% [1] - The overall retail sales of new energy vehicles in China for April reached 728,000 units, marking a 24% increase year-on-year, while the cumulative retail sales for the year reached 3.148 million units, up 33% [1] Group 2 - Recent analysis indicates that the impact of increased tariffs by the U.S. on Chinese automotive exports will be minimal, as exports to the U.S. are projected to be only 116,000 units in 2024, accounting for less than 2% of total exports [2] - The 2025 Shanghai Auto Show, along with local consumption promotion policies and increased travel demand during the May Day holiday, is expected to boost automotive consumption [2]