May 10, 2024
TSMC (TSM.US) Operating Rev. Increases 59.6% YoY in Apr
TSMC (TSM.US) reported consolidated operating revenue of NT$236.021 billion in April, lifting 20.9% MoM and 59.6% YoY.
May 10, 2024
Initial Jobless Claims in United States for May/04 is 231K, Exceeding Forecast
Initial Jobless Claims for May/04 in United States is 231K, higher than the previous value of 209K. The forecast was 210K.AAStocks Financial News
May 10, 2024
<US Mkt>DJIA Closes Lifting 331 pts For 7-day Rally Streak; Tesla & NVIDIA Still Under Pressure
US initial jobless claims surged to an 8-month high of 231,000 last week, far exceeding expectations, and market expectations that the US Federal Reserve may accelerate interest rate cuts are heating up.
May 10, 2024
GEELY AUTO Spins Off Zeekr, Prices US IPO at Upper Limit to Raise US$440M
GEELY AUTO (00175.HK) +0.020 (+0.203%) Short selling $89.98M; Ratio 21.777% 's EV maker, Zeekr, expanded its US IPO by selling 21 million American Depositary Shares (ADS) at the upper limit of its offer price of US$21 per share, raising US$440 million, and valuing Zeekr at US$5.1 billion, according to foreign media.
May 10, 2024
HSBC HOLDINGS Buys Back Total ~7.16M Shrs for $487M Ytd
HSBC HOLDINGS (00005.HK) +0.300 (+0.443%) Short selling $298.56M; Ratio 12.434% repurchased a total of 7.1559 million shares in the UK and Hong Kong markets yesterday (9th), involving $487 million in total, according to HSBC HOLDINGS' announcement.
May 10, 2024
<Research>HSBC Global Research Lifts TP of SJM HOLDINGS (00880.HK) to $3; Fundamentals Keep Improving
HSBC Global Research noted in a report that SJM HOLDINGS (00880.HK) -0.040 (-1.361%) Short selling $15.51M; Ratio 20.148% surprised the market with its 1Q24 performance, with fundamentals continuing to improve and both the Grand Lisboa and Grand Lisboa Palace (GLP) outperforming expectations, with cost containment being a key contributing factor.
May 10, 2024
<Research>CLSA Forecasts Baidu (BIDU.US) 1Q24 Core Rev. Growth to Slow to 3%, w/ 3% Drop in Adj. EBIT
CLSA forecasted in a report that BIDU-SW (09888.HK) -0.200 (-0.186%) Short selling $82.99M; Ratio 11.602% (BIDU.US) would report slower core revenue growth of 3% YoY to RMB23.7 billion in 1Q24, while adjusted EBIT is forecast to fall 3% YoY to RMB5.2 billion, mainly due to the weakening macroeconomy. Demand for advertising in the healthcare, travel and e-commerce sectors remained strong, while demand for advertising in the property, automotive and franchising sectors was weak.
May 10, 2024
CLSA Forecasts Bilibili (BILI.US) 1Q24 Rev. to Increase 13.5%, Adj. Net Loss to Narrow to RMB514M
In a recent report, CLSA forecasted the total revenue of Bilibili (BILI.US) in 1Q24 to increase by 13.5% YoY to RMB5.8 billion, with adjusted net loss narrowing to RMB514 million. The company's mobile game revenue is expected to decline by 10% YoY as it has not released major games in the period. Still, Bilibili's new game "Wuhua Mixin", which was launched in April, has been well received by players. With three new games in the pipeline, the company is poised to resume YoY growth in mobile game revenue by this year.
May 10, 2024
<Research>CLSA Elevates TECHTRONIC IND TP to $138, Expects 1H24 Profit to Grow 17.3%
CLSA issued a research report forecasting that TECHTRONIC IND (00669.HK) +0.500 (+0.448%) Short selling $46.22M; Ratio 10.079% 's 1H24/ 2024 revenue will rise 6%/ 6.6% YoY, accelerating from the 3.6% incline in 2023. CLSA expected TECHTRONIC IND's 1H24 net profit to grow 17.3% YoY, benefiting from a 43-bps YoY increase in gross profit margin to 39.7%.
May 10, 2024
<Research>CCBI Chops BEIGENE (06160.HK) TP to $148 as 1Q Results Beat
BEIGENE (06160.HK) -0.050 (-0.050%) Short selling $7.86M; Ratio 6.359% 's 1Q24 results beat expectations, CCBI issued a research report saying. The Company's net loss amounted to US$251 million during the period, representing an improvement from a loss of US$348 million in the same period of 2023.