May 16, 2024

<Research>Citi Cuts TECHTRONIC IND 2024-26 Earnings Forecast By ~2%; Home Depot 1FQ SSS Miss

Citi Research highlighted that Home Depot (HD.US)      's same-store sales (SSS) fell 2.8% in 1FQ24, missing market expectations of a 2% decline. Home Depot management attributed the miss to a delay in spring groundbreaking and continued weakness in some of its large licensing projects, while also reiterating its FY24 target for SSS to just decline about 1%.

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May 15, 2024

XPENG-W: XNGP Urban Smart Driving Tech Realizes Mapless

XNGP urban smart driving technology became mapless, and its available mileage expanded to 2.23x/ 2.15x/ 2.18x/ 1.31x in Shanghai, Guangzhou, Shenzhen and Foshan respectively, according to XPENG-W (09868.HK)  +0.100 (+0.325%)    Short selling $104.54M; Ratio 16.074%   (XPEV.US)      's announcement.

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May 15, 2024

<Results>BABA-SW (09988.HK) 4FQ Non-GAAP NP Declines 10.8% to RMB24.418B, in Line

BABA-SW (09988.HK)  +1.500 (+1.848%)    Short selling $634.39M; Ratio 9.795%   announced its results for 4FQ24 ended March this year. Net profit attributable to ordinary shareholders was RMB3.27 billion, crashing 86.1% YoY. Net profit cratered 95.8% YoY to RMB919 million. The group attributed this mainly to the net loss arising from mark-to-market changes in its investments in publicly traded companies, as compared to the net gain recorded in the same period last year. Basic earnings per share was RMB0.17 and earnings per ADS was RMB1.32.

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