Jinshanyun (03896) will release results after the market. Stock price performance is ahead of schedule, rising nearly 9% intraday. As of press release, it rose 7.6% to HK$1.84, with a turnover of HK$57.1861 million.
The Zhitong Finance App learned that Jinshanyun (03896) will release results after the market. Stock prices are rushing ahead, with an intraday increase of nearly 9%. As of press release, it rose 7.6% to HK$1.84, with a turnover of HK$57.1861 million.
J.P. Morgan Chase released a research report saying that Jinshan Cloud will achieve profit before interest, tax, depreciation and amortization (EBITDA) break-even in the first quarter of '24, and achieve full year EBITDA break-even for the first time in 2024 (while the consensus forecast is an EBITDA loss). The bank pointed out that even if Jinshanyun's revenue did not see a major turnaround in the short term, its profit margin would expand faster than market expectations; the reduction in depreciation expenses associated with the cancellation of major assets in the third quarter was also a driving factor. The bank raised Jinshan Cloud's rating to “increase holdings.”
Bank of America Securities previously released a research report saying that the company can benefit from the growing penetration rate of cloud computing and multi-cloud computing applications in the mainland in the long term, and believes that the expansion of its artificial intelligence cloud services may bring upward room to market expectations. The bank believes that the current valuation already reflects the company's stable growth prospects.