Latest news with #CSCFinancial
South China Morning Post
3 days ago
- Business
- South China Morning Post
Hong Kong stablecoin law draws mainland attention as Citic anticipates tokenisation boom
Hong Kong's move to legalise stablecoins – cryptocurrencies that maintain a fixed value by being pegged to a reference asset – is grabbing the attention of mainland institutions, as a leading Chinese brokerage predicts a boom in tokenised real-world assets (RWA) in the city. Advertisement While Beijing has remained largely quiet on Hong Kong's new stablecoin bill in the two weeks since it was passed, paving the way for the issuance of such assets in the city, discussions about the market and geopolitical implications have intensified on the mainland. Analysts at Citic Securities wrote in a note published on Tuesday that stablecoins could help mainland companies roll out their RWA projects in Hong Kong, as they could serve as stabilising tools that increase market liquidity. The new law would also help the city develop interfaces for digital currency payment and settlement, according to the note led by analyst Yang Zeyuan. Ying Ying, an analyst at Chinese brokerage CSC Financial, also wrote in a research note that Hong Kong has entered a stage of 'accelerated growth' of tokenised RWAs. Stablecoins are backed one-to-one with fiat currency like the US dollar. The world's largest stablecoin is Tether, or USDT. Photo: AFP Stablecoins, which are typically backed one-to-one with fiat currency such as US dollars, have recently drawn widespread attention, as financial regulators around the globe have started to focus on the specialised cryptocurrencies, which some see as potentially destabilising. The same week Hong Kong passed its stablecoin bill, the US Senate advanced its own bill called the Genius Act, which also focuses on these assets.
Yahoo
23-04-2025
- Business
- Yahoo
3 Asian Stocks That May Be Trading Below Their Estimated Value
As global markets grapple with trade uncertainties and economic shifts, Asian stock indices have shown resilience, buoyed by expectations of policy support and stimulus measures in key economies like China and Japan. In this environment, identifying stocks that may be trading below their estimated value can offer potential opportunities for investors seeking to capitalize on market inefficiencies. A good stock in such a scenario is one that demonstrates strong fundamentals and growth potential despite broader market volatility. Name Current Price Fair Value (Est) Discount (Est) Xiamen Amoytop Biotech (SHSE:688278) CN¥73.48 CN¥146.19 49.7% Tongqinglou Catering (SHSE:605108) CN¥20.88 CN¥41.46 49.6% Rise Consulting Group (TSE:9168) ¥927.00 ¥1818.23 49% Zhejiang Century Huatong GroupLtd (SZSE:002602) CN¥6.70 CN¥13.24 49.4% World Fitness Services (TWSE:2762) NT$79.70 NT$156.16 49% Zhejiang Haikong Nanke Huatie Digital Intelligence and Technology (SHSE:603300) CN¥10.76 CN¥21.27 49.4% Swire Properties (SEHK:1972) HK$16.34 HK$32.21 49.3% Everest Medicines (SEHK:1952) HK$49.70 HK$97.92 49.2% Visional (TSE:4194) ¥8432.00 ¥16585.40 49.2% Sunstone Development (SHSE:603612) CN¥16.82 CN¥32.98 49% Click here to see the full list of 266 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: CSC Financial Co., Ltd. operates as an investment banking service provider in Mainland China and internationally, with a market cap of HK$173.79 billion. Operations: CSC Financial Co., Ltd.'s revenue is primarily derived from its Transaction and Institutional Customer Service segment at CN¥8.11 billion, followed by Wealth Management at CN¥6.47 billion, Investment Banking at CN¥2.49 billion, and Asset Management Business contributing CN¥1.26 billion. Estimated Discount To Fair Value: 34.1% CSC Financial appears undervalued based on cash flows, trading at 34.1% below its estimated fair value of HK$13.33. The company forecasts significant earnings growth of 26.91% annually, outpacing the Hong Kong market's average growth rate. Recent corporate guidance shows a robust increase in net profit for Q1 2025, driven by brokerage and proprietary trading revenue increases. However, despite these strengths, CSC has an unstable dividend track record and low forecasted return on equity at 10.1%. Upon reviewing our latest growth report, CSC Financial's projected financial performance appears quite optimistic. Take a closer look at CSC Financial's balance sheet health here in our report. Overview: Zhejiang Haikong Nanke Huatie Digital Intelligence and Technology Co., Ltd. operates in the digital intelligence sector with a market capitalization of approximately CN¥21.33 billion. Operations: Zhejiang Haikong Nanke Huatie Digital Intelligence and Technology Co., Ltd. has a market capitalization of approximately CN¥21.33 billion, but specific revenue segments are not provided in the available data. Estimated Discount To Fair Value: 49.4% Zhejiang Haikong Nanke Huatie Digital Intelligence and Technology is trading 49.4% below its estimated fair value of CN¥21.27, with earnings expected to grow significantly at 27.9% annually, surpassing the Chinese market average. Despite high debt levels and recent volatility in share price, Q1 2025 results show improved sales of CN¥1.29 billion and net income growth to CN¥190.58 million from the previous year, highlighting strong revenue momentum above market expectations at 20.5%. The analysis detailed in our Zhejiang Haikong Nanke Huatie Digital Intelligence and Technology growth report hints at robust future financial performance. Unlock comprehensive insights into our analysis of Zhejiang Haikong Nanke Huatie Digital Intelligence and Technology stock in this financial health report. Overview: Shenzhen Everwin Precision Technology Co., Ltd. operates in the precision manufacturing sector, focusing on producing high-precision components and equipment, with a market cap of CN¥29.41 billion. Operations: The company's revenue is primarily derived from Precision Structural Parts and Modules for Consumer Electronics (CN¥7.52 billion), Electronic Connectors and Precision Small Components for Intelligent Electronic Products (CN¥3.54 billion), New Energy Product Components and Connectors (CN¥5.21 billion), and Robot and Intelligent Equipment (CN¥29.12 million). Estimated Discount To Fair Value: 17.8% Shenzhen Everwin Precision Technology is trading at CN¥21.69, below its estimated fair value of CN¥26.37, with earnings expected to grow significantly at 27.53% annually, outpacing the Chinese market average. Despite a highly volatile share price and an unstable dividend track record, the company reported strong financial results for 2024 with sales of CN¥16.92 billion and net income surging to CN¥768.74 million from last year's figures, indicating robust growth potential based on cash flows. Our earnings growth report unveils the potential for significant increases in Shenzhen Everwin Precision Technology's future results. Navigate through the intricacies of Shenzhen Everwin Precision Technology with our comprehensive financial health report here. Delve into our full catalog of 266 Undervalued Asian Stocks Based On Cash Flows here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:6066 SHSE:603300 and SZSE:300115. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
