May 16, 2024
Brokers' TPs & Opinions on BABA-SW (09988.HK) After Qtr Results Ann
Ratings and target prices on BABA-SW (09988.HK) -2.950 (-3.569%) Short selling $1.05B; Ratio 11.908% from 9 brokers:
May 16, 2024
Brokers' Ratings, TPs & Opinions on TENCENT (00700.HK) After Results Ann
All 15 brokers summarised by our reporters have raised their target prices on TENCENT and rated the company Buy, Overweight or Outperform respectively.
May 16, 2024
<Research>CCBI Elevates TENCENT (00700.HK) TP to $460 as Sector Top Pick
TENCENT (00700.HK) +15.200 (+3.981%) Short selling $2.84B; Ratio 12.187% 's 1Q24 results beat expectations, with revenue rising 6% YoY to RMB160 billion, in line with estimations, CCBI released a research report saying. Adjusted net profit grew 55% to RMB50.3 billion, beating market consensus by 17%.
May 16, 2024
US Bureau of Labor Statistics Accidentally Releases CPI Data 30 Mins Early Last Night
The US Bureau of Labor Statistics (BLS) accidentally disclosed the latest US Consumer Price Index (CPI) data for April 30 minutes earlier than scheduled last night (15 May), prompting the market to question the Bureau's disclosure process of one of the world's most sensitive economic data.
May 16, 2024
Shein Says US IPO Not Supported by Lawmakers, but Declines to Confirm Shift Towards UK Listing
Financial Times reported that Shein's listing plans are being undermined by tensions between China and the US, and the online fast fashion giant may turn towards a London listing in the coming months. Shein's executive chairman, Donald Tang, said progress has been made in changing the market's perception of Shein as being controlled by China, but it has not been enough to win support from American congress members.
May 16, 2024
<Research>CICC's Prediction of Passive Capital Flow on Weighting Changes After MSCI China Index Qtr Review (Table)
(1) CICC has listed the estimated passive capital inflows of some MSCI China Index constituents with relatively larger weighting increases after the quarterly review:
May 16, 2024
New Purchases of Alibaba Cloud's Multi-Cloud FinOps Products to be Ceased on 15 Jun
Alibaba Cloud, a subsidiary of BABA-SW (09988.HK) -2.950 (-3.569%) Short selling $1.05B; Ratio 11.908% (BABA.US) , announced that new purchases of Multi-Cloud FinOps products will be halted on 15 June.
May 16, 2024
<Research>BofAS Lifts TENCENT (00700.HK) TP to $480; 1Q24 Earnings Beat
BofA Securities noted in a report that TENCENT (00700.HK) +15.200 (+3.981%) Short selling $2.84B; Ratio 12.187% 's 1Q24 adjusted net profit hiked 54% YoY to RMB50.3 billion, much higher than the consensus estimate of RMB43.0 billion, benefiting from accelerated growth in gross profit and lower operating expenses. Gross margin improved to 53%, higher than the market's forecast of 50%.
May 16, 2024
<US Mkt>Faraday Future (FFIE.US) Now Spiking 33% in Pre-Mkt, After 10x Rocketing in Last 2 Days
Faraday Future (FFIE.US) , which has been riding the meme stock wave and seen its share price soar in recent days, is now surging 33% to US$0.94 in pre-market after a two-day rocketing of 10x.
May 16, 2024
<Results>BIDU-SW 1Q24 Non-GAAP NP Rises 22.4%, Beats; US Stock Leaps ~3% in Pre-mkt Session
BIDU-SW (09888.HK) -0.800 (-0.733%) Short selling $184.62M; Ratio 18.888% (BIDU.US) released its 1Q24 results ended March 2024. Net income attributable to BIDU-SW fell 6.5% YoY to RMB5.448 billion, still above the upper limit of the range of RMB3.977 billion to RMB4.522 billion as forecasted by 5 brokers summarized by our reporters.