Hong Kong Stock Market News | CHALIECO Soars Over 14% in Early Trading, Boosted by Favorable Policies and Rapid Growth in the Company's Equipment Manufacturing Sector
CHALIECO initially rose more than 14% in the trading session, and as of the time of writing, it has increased by 8.42%, reaching HKD 2.06, with a trading volume of HKD 43.1044 million. In terms of news, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) previously stated that it will comprehensively promote the market value assessment of centrally-controlled listed companies. GF SEC believes that in the short term, the main approaches to stabilize market expectations include increasing holdings, repurchasing shares, and other means. In the medium to long term, methods such as dividends, equity incentives, and employee shareholding plans can provide long-term incentives for market value. The driving force for the medium to long-term revaluation of central enterprises mainly comes from improving the quality of listed companies and guiding investments. It is recommended to pay attention to central enterprises with low valuation, stable high dividend yield, stable cash flow, and low leverage. CHALIECO recently released its major operating data announcement for 2023. Thanks to the company's optimized industrial structure, the high-end equipment business has grown rapidly. The equipment manufacturing sector has signed 823 new contracts with a total contract value of CNY 3.582 billion, a year-on-year increase of 62%. In addition, the company disclosed its performance for 2023, expecting a net loss attributable to shareholders of CNY 2.5 billion to CNY 2.8 billion, a year-on-year change from profit to loss. This is mainly due to the impact of impairment provisions for contract assets and other impairment provisions, as well as the disposal of non-core subsidiary companies and inefficient or ineffective assets.
Zhitong App learned that CHALIECO (02068) initially rose more than 14% in early trading. As of the time of writing, it has risen 8.42% to HKD 2.06, with a turnover of HKD 43.1044 million.
On the news front, the State-owned Assets Supervision and Administration Commission of the State Council previously stated that it will comprehensively promote the market value assessment of centrally-controlled listed companies. GF SEC believes that in the short term, the main paths to stabilize market expectations include using methods such as increasing holdings and repurchasing shares. In the medium to long term, methods such as dividends, equity incentives, and employee shareholding plans can provide long-term incentives for market value. The driving force for the medium to long-term revaluation of central enterprises mainly comes from improving the quality of listed companies and guiding investment. It is recommended to focus on central enterprises with low valuation, stable high dividend yield, stable cash flow, and low leverage.
CHALIECO recently released its major operating data announcement for 2023. Thanks to the company's optimized industrial structure, the high-end equipment business has grown rapidly. The equipment manufacturing sector has signed 823 new contracts with a total contract value of CNY 3.582 billion, a year-on-year increase of 62%. In addition, the company disclosed its performance for 2023, expecting a net loss attributable to shareholders of CNY 2.5 billion to CNY 2.8 billion, a year-on-year change from profit to loss. This is mainly due to the impact of impairment provisions for contract assets and other impairment provisions, as well as the disposal of non-core subsidiary companies and inefficient and ineffective assets.