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• Xiaomo: Changshi Group has strong execution and financial management capabilities. We believe that Phoenix Energy can turn around losses in the medium to long term.

  JPMorgan Chase released a research report stating that Cheung Kong Infrastructure (01038), Cheung Kong Holdings (01113) and Electric Power Industries (00006) jointly announced that they would form a consortium to acquire Phoenix Energy, a gas distribution network in Northern Ireland. Based on the consideration payable of more than 3 billion yuan, its enterprise value (EV) to regulatory asset value (RAV) valuation ratio is about 1 times. Since this is the first large-scale acquisition of the Yangtze River Group in Europe in the past five years, it is expected to eliminate the market Concerns about business being affected by geopolitical tensions. The bank pointed out that Phoenix Energy has more than 250,000 customers. Although the company suffered losses last year, it believes that with the strong execution and financial management capabilities of Yangtze River Group, it can turn losses into profits in the medium to long term. Overall, due to the small scale of this transaction, JPMorgan expects to have little impact on the stock price. It maintains a \”neutral\” rating for Changshi. The stock price is expected to fluctuate within…

  US stock news April 25, 2024

• Chengyi Pharmaceutical: Net profit will increase by 0.81% year-on-year in 2023, with plans to send 2 yuan per 10 pieces

  Chengyi Pharmaceutical (603811) disclosed its 2023 annual report on April 26. In 2023, the company achieved operating income of 672 million yuan, a year-on-year increase of 2.54%; net profit attributable to the parent company was 163 million yuan, a year-on-year increase of 0.81%; non-net profit after deducting 155 million yuan, a year-on-year increase of 10.6%; net cash flow generated from operating activities was 195 million yuan, a year-on-year increase of 17.38%; during the reporting period, Chengyi Pharmaceutical’s basic earnings per share was 0.5 yuan, and the weighted average return on net assets was 14.35%. The company\’s 2023 distribution plan is: It plans to distribute 2 yuan (tax included) to all shareholders for every 10 shares.

  US stock news April 25, 2024

• Fresh From Farm raises $2 million in pre-series A

  Fresh From Farm, a B2B2C platform for consolidating fresh fruit demand, has raised $2 million in a pre-series A round, with participation from Inflection Point Ventures. Spearheading this investment, is Ashish Kacholia, an investor in the public markets.

  US stock news May 3, 2024

• Investor shift.SBI MF assets grow faster than bank deposits, crossing ₹10 lakh crore

  Thanks to the booming equity markets and growing investment culture, the assets under management of SBI Mutual Fund are growing faster than the domestic fixed deposits of its parent, State Bank of India.

  US stock news June 18, 2024

• Four more months at most? Rakuten Bank: The Bank of Japan may raise interest rates in October at the latest!

  Rakuten Bank Ltd. expects the Bank of Japan to raise interest rates again later this year, a move that could boost the Japanese online finance company\’s profits.

  US stock news June 3, 2024

• Citi: Cuts Meta target price to $550

  .appendQr_wrap{border:1px solid #E6E6E6;padding:8px;} .appendQr_normal{float:left;} .appendQr_normal img{width:74px;} .appendQr_normal_txt{float:left;font-size:20px;line-height:74px ;padding-left:20px;color:#333;} Massive information and accurate interpretation, all in Sina Finance APP Editor-in-Chief: Guo Mingyu

  US stock news April 25, 2024