CICC 3908

[winston]

not vested

Mar 30, 2020

<Result Ann>CICC Annual NP Hikes 21.4% to RMB4.24B

CICC (03908.HK) released the annual results announcement for the year ended December 31, 2019.

The net profit hiked 21.4% yearly to RMB4.239 billion. EPS equaled RMB0.99.

Taking into account of the capital demands of the current business and future development of the Company and the interests of shareholders, the Company does not recommend any distribution of final dividends for 2019.

Source: AAStocks Financial News

[winston]

not vested

CICC (03908.HK) 1Q NP Grows 40.5% to RMB1.277B

CICC (03908.HK) released the results announcement for the three months ended March 31, 2020.

The net profit gained 40.5% yearly to RMB1.277 billion, with an EPS of 28.9 fen.

Source: AAStocks Financial News

[winston]

vested

July 21, 2020

CICC (03908.HK) Hugely Scales Up A-shr Offering Size from Up to 460M Shrs to Nearly 1.44B Shrs

CICC (03908.HK) announced proposed amendments to the plan and authorization for the A Share Offering.

The number of A Shares to be publicly issued by the Company will be no more than 1.438 billion Shares, as compared with up to 459 million shares as previously planned.

Source: AAStocks Financial News

[winston]

not vested

CICC (03908.HK) Interim NP RMB3.052B, Up 62%; Nil Div

CICC (03908.HK) announced the interim results for the six months ended 30 June 2020.

Net profit grew 62.3% yearly to RMB3.052 billion.

EPS equaled 69.3 fen.

No interim dividend was declared.

Source: AAStocks Financial News

[winston]

vested

Oct 20, 2020

<Research Report>JPM Hikes CICC (03908.HK) TP to $22, Rated Overweight

JPMorgan mentioned in its report that CICC (03908.HK) had announced to price its A-share IPO at RMB28.78 and indicated immense investor interest.

The broker retained Overweight on CICC at the target price $22, hiked from $18.8.

Source: AAStocks Financial News

[winston]

vested

Sep 29, 2020

<Research Report>HSBC Research: CICC (03908.HK) May Benefit Most From A-Shr Return of Ant Group, Unicorns

CICC analyzed the IPO implications of Ant Group and other unicorns on the A-share market and brokers in China, hence seeing minimal market ADT impact.

However, HSBC Global Research suggested CICC (03908.HK) could be the biggest beneficiary.

CICC, CITIC SEC (06030.HK) and HTSC (06886.HK) were sector top-picks, all being rated Buy with respective targets of $31.6, $28.7 and $20.9.

Source: AAStocks Financial News

[winston]

vested

Aug 18, 2020

<Research Report>Nomura Upgrades CICC (03908.HK) to Buy with TP Up to $23.69

Nomura mentioned in its report that CICC (03908.HK) had delivered interim net profit in-line, whose 62% year-on-year growth came in higher than the industry average of 25%.

CICC was upgraded to Buy from Neutral at the target price $23.69, up from $20.9.

Source: AAStocks Financial News

[winston]

not vested

Jan 30, 2021

<Positive Profit Alert>CICC (03908.HK) 2020E NP Growth 61%-78%

CICC (03908.HK) estimates that the net profit attributable to shareholders for the year 2020 will range from RMB6.828 billion to RMB7.552 billion, representing a year-on-year increase between 61.1% and 78.2%.

Source: AAStocks Financial News

[winston]

not vested

Valuation

Our target price of HK$29 is based on 1.6x FY21F P/BV with the multiple being in line with the upper-end of its past 5-year trading range.

Source: DBS

https://www.dbs.com.sg/treasures/aics/s ... 908_HK.xml

[winston]

vested

Key Financial Data of CICC Wealth Management for the First Half of 2021

Revenue: +8% yoy
Net profit +17% yoy

https://www1.hkexnews.hk/listedco/listc ... 000383.pdf