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UBS Q1 2025 Earnings Preview
UBS Group has raised the Target Price for China United Network Communications to HKD 10.5 and maintains a 'Buy' rating.
UBS Group released a Research Report stating that they raised the Target Price for China United Network Communications (00762) from 8.3 Hong Kong dollars to 10.5 Hong Kong dollars, maintaining a "Buy" rating. The current share price corresponds to an expected dividend yield of 6.8% for next year, higher than the historical average of 5.5%. The bank has lowered the capital expenditure assumptions for China United from this year to 2027 by 10% to 15%, and reduced the net income forecasts for this year and next year by 3% to 5%, reflecting increased investment in new business, partially offset by reduced depreciation. The bank anticipates that China United's long-term Cash / Money Market flow will increase, based on the transformation of business towards new enterprise business, with Cash-ROIC improving by 1 percentage point.
UBS Group maintains the Buy rating on CHINA TELECOM and lowers the Target Price to 6.6 Hong Kong dollars.
UBS Group released a Research Report stating that CHINA TELECOM (00728) saw its service revenue increase by 0.3% year-on-year to 12.47 billion yuan in the first quarter of this year, falling short of market expectations by 4%. This was mainly due to macro headwinds causing a slowdown in Business performance, and management had previously indicated a selective approach to controlling the profitability of Business projects. UBS Group has lowered its forecast for CHINA TELECOM's service revenue and Net income for this year to 2027 by 2% to 8%, reflecting the slowdown in Business growth and the acceleration in depreciation. The Target Price has been adjusted down from HKD 6.8 to HKD 6.6, maintaining a "Buy" rating. The bank mentioned that following the release of quarterly industry revenue data by the Ministry of Industry and Information Technology on the 22nd of this month,
UBS Group: Downgraded CR BLDG MAT TEC's earnings forecast for this year by 7% and raised the Target Price to HKD 1.8.
UBS Group released a Research Report stating that it has lowered the profit forecast for CR BLDG MAT TEC (01313) for this year by 7%, reflecting a reduction in cement sales forecasts, but has raised the profit forecast for next year and 2027 by 2% to 5%, based on supply coordination leading to an increase in the forecasted gross profit per ton of cement. The firm continues to give the stock a "neutral" rating, increasing the Target Price from HKD 1.73 to HKD 1.80. The report noted that the company turned a profit in the first quarter compared to the same period last year, recording a Net income of 0.107 billion yuan. Based on market expectations, the company's annual profit is projected to be 1.261 billion yuan, while the first-quarter profit only accounted for 8% of the market's full-year forecast, suggesting that the quarterly results may fall short of market expectations.
The head of the UBS Group Asia Pacific corporate book, Tu Lei, is reportedly leaving.
According to sources, the head of UBS Group's Asia-Pacific corporate book, Tu Lei, will leave the bank. Following the merger with Credit Suisse in 2023, UBS Group is currently restructuring its Business operations. UBS Group declined to comment on this. Tu Lei previously served as co-head of Credit Suisse's Asia Pacific Financing Group.
UBS Hires Financial Advisor Shahan Avakian in Walnut Creek
73903871 : UBS Group's stock price has plunged; are there any issues with its fundamentals?
RenenoMirai OP 73903871 : Dont think so, Wait until P/B under 1 then topup