Tag: Securities

Founder Securities has issued a research report on Baguio Green Group (1397.HK), assigning a ‘Strongly Recommended’ rating and a target price of HK$1.10. This target suggests a potential 57% increase from the closing price on the date of the report. One of Hong Kong’s largest integrated environmental services groups Founded in 1980, Baguio was listed on the Stock Exchange of Hong Kong in 2014. The Company’s core businesses include cleaning, waste management and recycling, landscaping and pest management. Since its establishment, the Company has focused on the provision of cleaning services and has become one of the largest integrated environmental ... Read more

Mercury Securities Group Berhad (“Mercury Securities” or “Company”), today announced the Company’s consolidated financial results for the fourth quarter ended 31 October 2023 (“Q4FY2023”), marking a period of sustained growth. For Q4FY2023, the Group reported revenue of RM8.71 million, which signifies a notable increase of 19.93% from RM7.26 million in the preceding quarter (“Q3FY2023”), despite challenging market conditions domestically and internationally, underscoring the Group’s performance resilience. The stockbroking segment contributed RM6.35 million, while the corporate finance segment added RM2.36 million, reflecting the Group’s multi-channel revenue stream. Mercury Securities’ gross profit margin stood at 57.93% for Q4FY2023. The Profit Before Tax ... Read more

Leading international index provider, MSCI, recently unveiled the updated ESG ratings for Huatai Securities Co., Ltd. (the “Company”; stock codes: 601688.SH, 6886.HK, HTSC.L). Owing to exemplary ESG practices, Huatai Securities’ MSCI ESG rating for 2023 has been promoted from A to AA level, making it the first securities company in Mainland China to reach this rank, placing it at the forefront of global leadership. The rating report highlights Huatai Securities’ advanced standing among peers in areas such as corporate governance, responsible investment, and privacy and data security. The Company’s robust modern governance and commitment to customer privacy protection are particularly ... Read more

Mercury Securities Group Berhad is pleased to announce that the share application from the Malaysian public for its initial public offering (IPO) which was open for 5 market days and closed on 5 September 2023 has been oversubscribed by 45.45 times. Mr. Chew Sing Guan, Managing Director of Mercury Securities Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad (“Bursa Securities”) and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively “Group”) is principally involved in the provision of stockbroking, corporate finance advisory services ... Read more

Recently, Huatai Securities issued a research report pointed out that the recovery of offshore demand and the shortage in the supply side come at the same time. In light of this, offshore drilling platforms have become scarce in the industry chain. CIMC Group, having strategically laid out its offshore equipment business fifteen years ago, has emerged as the major player in deepwater platform design and construction in China. Its offshore oil drilling platforms have been successfully deployed worldwide in major offshore oil and gas production areas, showcasing an extensive product range. Huatai Securities has initiated coverage of CIMC Group for ... Read more