China Comm Const (1800 HK): Continue to Deliver
Gross margin expansion and reversal of impairments are drivers behind CCCC's 10% earnings growth in 1Q24, ahead of consensus forecast. We estimate...
141 Views
COSCO Shipping Energy (1138 HK): Surfing the High Tide
CSET’s 1Q24 earnings of Rmb1.24bn (+12.8%) are better than we expected as the lower spot VLCC market has had no impact on profitability. Excluding...
657 Views
Air China (753 HK): Steering Back to the Right Lane
Exchange losses, lower load, and higher jet fuel prices dragged 1Q24 despite record revenue. However, an 8.3pp YoY margin expansion and a 4% unit...
187 Views
China Education Group (839 HK): On Balance, Worth a Bet Now
China Education became more attractive as net profit returned to a positive trend in 1H24. Higher revenue per student and an increase in student...
203 Views
CIMC Enric (3899 HK): Robust Order Backlog Outshined Lower 1Q24 Revenue
While CIMC Enric's 1Q24 revenue was down, new orders signed increased by 35.7%. Order backlog also grew 41.9% YoY and 17.8% against end-FY23....
212 Views