Stock Track | Times Electric Plunges Despite Strong Earnings on Nomura Downgrade

Stock Track08-27

Shares of Times Electric, a leading Chinese train manufacturer, plummeted as much as 11% on Monday despite the company reporting a 31% jump in first-half profit and robust revenue growth of 20%.

The steep sell-off came after Nomura downgraded the stock to "Neutral" from "Buy" and lowered its price target to HK$32 from HK$35, citing concerns over potential headwinds for the company.

While Times Electric's attributable profit for the first six months of 2024 surged 31% year-over-year to 1.51 billion yuan ($214 million), and its earnings per share rose 32% to 1.07 yuan, these solid results were overshadowed by Nomura's bearish call, which triggered a wave of profit-taking.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1106521101?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-27 16:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1106521101","market":"hk","top_or_hot":-1,"title":"Stock Track | Times Electric Plunges Despite Strong Earnings on Nomura Downgrade","media":"Stock Track","content":"<p>Shares of Times Electric, a leading Chinese train manufacturer, plummeted as much as 11% on Monday despite the company reporting a 31% jump in first-half profit and robust revenue growth of 20%.</p>\n\n<p>The steep sell-off came after Nomura downgraded the stock to \"Neutral\" from \"Buy\" and lowered its price target to HK$32 from HK$35, citing concerns over potential headwinds for the company.</p>\n\n<p>While Times Electric's attributable profit for the first six months of 2024 surged 31% year-over-year to 1.51 billion yuan ($214 million), and its earnings per share rose 32% to 1.07 yuan, these solid results were overshadowed by Nomura's bearish call, which triggered a wave of profit-taking.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Times Electric Plunges Despite Strong Earnings on Nomura Downgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Times Electric Plunges Despite Strong Earnings on Nomura Downgrade\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-27 16:26 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Times Electric, a leading Chinese train manufacturer, plummeted as much as 11% on Monday despite the company reporting a 31% jump in first-half profit and robust revenue growth of 20%.\nThe ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03898","symbol_name":"时代电气","start_time":0,"source_url":"","article_id":"1106521101","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106521101","pubTimestamp":1724747197,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Times Electric, a leading Chinese train manufacturer, plummeted as much as 11% on Monday despite the company reporting a 31% jump in first-half profit and robust revenue growth of 20%.The steep sell-off came after Nomura downgraded the stock to \"Neutral\" from \"Buy\" and lowered its price target to HK$32 from HK$35, citing concerns over potential headwinds for the company.While Times Electric's attributable profit for the first six months of 2024 surged 31% year-over-year to 1.51 billion","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03898":"时代电气"},"translate_title":"尽管野村证券评级下调，时代电气盈利强劲，但股价仍暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03898":1},"content_text":"Shares of Times Electric, a leading Chinese train manufacturer, plummeted as much as 11% on Monday despite the company reporting a 31% jump in first-half profit and robust revenue growth of 20%.\nThe steep sell-off came after Nomura downgraded the stock to \"Neutral\" from \"Buy\" and lowered its price target to HK$32 from HK$35, citing concerns over potential headwinds for the company.\nWhile Times Electric's attributable profit for the first six months of 2024 surged 31% year-over-year to 1.51 billion yuan ($214 million), and its earnings per share rose 32% to 1.07 yuan, these solid results were overshadowed by Nomura's bearish call, which triggered a wave of profit-taking.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1106521101"}