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Express News | Shenzhen Yecheng Group plans to issue 1 billion yuan corporate bonds, with an interest rate inquiry range of 2.1%-3.1%.
Guosen Securities: Maintains xpeng-W 'outperform the market' rating. On the first day of the new model P7+ launch, orders exceeded 30,000 vehicles.
Guosen Securities released a research report stating that it maintains xpeng-W (09868) as an "outperform" rating in the broader market, considering the company's new models in the second half of the year represented by MonaM03 and P7+, the landing of the company's pure visual solution, penetration of high-end intelligent driving models into the market below 0.2 million, accelerating the realization of high-end intelligent driving parity, and the launch of more new models in the future. The company's operating cycle continues to improve, raising the company's revenue and profit forecasts, with estimated revenues of 46.9/88.5/118.1 billion yuan for 2024-2026, and net income of -6/-1.6/2.7 billion yuan. The report states, 11
Guosen Securities: Maintaining a "outperform the market" rating on Chinahongqiao, Shandong Hongqiao's third-quarter profit increased both year-on-year and quarter-on-quarter.
Guosen Securities released a research report stating that, with the help of this round of high prosperity in the electrolytic aluminum industry and the opportunity of capacity transfer, Chinahongqiao (01378) will have a more sustainable development capability in the future, maintaining a rating of "outperform the market". The company's full industry chain layout and sufficient ore guarantee benefit from the tight supply of bauxite and the sharp rise in alumina prices. The company's profitability has considerable elasticity to both the price of aluminum and alumina. In the past few years, prices of energy-related raw materials have fluctuated significantly, but in the future, fluctuations in energy costs will decrease, making the company's profitability more robust. Guosen Securities pointed out that Shandong Hongqiao, a subsidiary of Chinahongqiao, had unaudited assets in the third quarter.
Hong Kong Securities Regulator Expands Cross-Border Connect Scheme to Include Brokers
Express News | The Securities and Futures Commission of Hong Kong has announced the first batch of brokerage firms participating in the pilot program for cross-border wealth management connect.
Express News | csi all share investment banking & pilot participation in the south china greater bay area concept"cross-border wealth management through" business landing, helping to promote the interconnectedness of the greater bay area financial markets.
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