M Update China – Clean Energy | Asia Pacific October 10, 2024 01:28 AM GMT Solar Products Price Tracker – Week 40, 2024 Domestic Polysilicon prices remained flat at Rmb40/kg while overseas polysilicon prices fell 2.3% WoW to US$21/kg. Wafer and cell prices were flat while module prices were down 4.1% WoW. Prices of all types of solar film dropped. Prices for EVA resin and POE resin remained flat WoW. Key Takeaways Domestic polysilicon prices remained flat at Rmb40/kg, with bidding prices ranging between Rmb ...

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Battery). October 10, 2024 02:56 AM GMT M Update Autos & Auto Parts | Japan | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The investment rating for S.F. Holding Co Ltd is "Equal-weight" with a price target of Rmb40.60, indicating a downside of approximately 3% from the current price of Rmb41.65 as of October 10, 2024 [4][17]. Core Insights - S.F. Holding Co Ltd has proposed an interim dividend of Rmb0.4 per share, representing a 40% payout ratio for the first half of 2024, an increase from 35% in 2023. Additionally, a special dividend of Rmb1 per share is planned before the Hong Kong listing, totaling Rmb4.8 billion, which implies a yield of 2.4% based on the latest closing price [2]. - The company has also executed share buybacks amounting to Rmb1 billion in the first phase and Rmb758 million in the second phase, which could provide an additional 0.9% return to shareholders if fully canceled [2]. Financial Metrics Summary - For the fiscal year ending December 2023, the estimated revenue is Rmb258,409 million, with projected growth to Rmb286,643 million in 2024 and Rmb304,883 million in 2025 [4]. - The earnings per share (EPS) is projected to increase from Rmb1.47 in 2023 to Rmb1.84 in 2024, and further to Rmb2.08 in 2025 [4]. - The company’s P/E ratio is expected to decrease from 27.5 in 2023 to 22.6 in 2024, indicating improved valuation metrics [4]. - The dividend yield is projected to rise from 1.5% in 2023 to 2.0% in 2024, and further to 2.4% in 2025 [4].

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October 10, 2024 02:45 AM GMT M Update Zhejiang Huahai Pharmaceutical Co. Ltd. | Asia Pacific Preliminary 3Q2024 Beat - Reiterate as Top Pick Reaction to earnings Strengthens our investment thesis Modest upside Largely unchanged Impact to our investment thesis Financial results versus consensus Impact to next 12-month consensus EPS Huahai reported a net profit range of Rmb239mn to Rmb297mn (+57% to +95% YoY), which are -3% and 21% versus our estimate. API export and China formulation segments carried the da ...

M Idea Sound Bites | Asia Pacific October 10, 2024 11:59 AM GMT Dong E E Jiao Co.: Research Tactical Idea DEEJ's preliminary earnings range for 3Q2024 was a strong beat. In our view, these results should dispel fears in the investment community since May that a weak consumption economy and a tight government insurance budget would hamper DEEJ's performance. Key Takeaways We think a 43% to 73% YoY net profit growth range will very likely lead consensus estimates for the full year to rise... …making short-ter ...

M Update Will Semiconductor Co Ltd Shanghai | Asia Pacific October 10, 2024 07:49 AM GMT 3Q24 beat thanks to more sensors adopted in phones and cars; OW Reaction to earnings Unchanged Modest upside Largely unchanged Impact to our investment thesis Financial results versus consensus Impact to next 12-month consensus EPS Solid 3Q24 earnings growth: Will Semi reported its preliminary 3Q24 net income, which is in the range of Rmb0.9-1.1bn, implying 3Q net income of Rmb1bn (up 24% Q/Q) at the mid-point. This is ...