Apple supplier AAC Technologies expected to post gross profit turnaround, target price raised to HK$21.2 – HSBC >>>
UBS slightly cuts Tencent’s target price to HK$418, with Buy rating, expects Q4 adjusted net income to hike 35% on year >>>
UBS cut Alibaba target price to $112; expected financial indicators to remain weak amid business adjustment, macro environment >>>
TikTok owner ByteDance’s game unit Nuverse reportedly in talks with Tencent to sell some game projects >>>
Chinese A-shares, Hong Kong stocks declined for another day, Shanghai Composite lost 2,900 mark again, Shenzhen Component hit lowest since Aug 2019 >>>
Asian equities to rise 12% in 2024 driven by Chinese, Indian markets; HSI year-end target cut to 19,300 – HSBC >>>
Market too optimistic about China’s internet sector in 2024; top picks are PDD, Tencent, Trip.com, ZTOÂ – Macquarie >>>
