UBS remains optimistic about Chinese stocks
UBS remains optimistic about Chinese stock market, expecting improvement in macroeconomic conditions and corporate profits to further boost the market.
Category: STOCKS
Chinese property developers rally as top homebuilders’ sales picked up in Feb
Shares of property developers are rallying in Hong Kong, with Yuexiu Property surging 6.4%, while CIFI Holdings and Poly Developments jumping nearly 6%, and Powerlong, Greentown China, and Longfor Group up more than 4%.
Shenzhen’s second-hand home transactions in Feb hit new high since 2022
Second-hand home transactions in China’s technology hub of Shenzhen reached 1,096 units in the week of Feb 20 – 27, an increase of 24.4% from the 881 units in the previous week.
Morgan Stanley sees over 80% chance for China Telecom, China Unicom shares to rise in next 60 days
There is more than 80% chance for China Telecom’s Hong Kong-listed share price to gain in the next 60 days, with target
Twenty-nine Hong Kong stocks may be added to Southbound trading of Stock Connect – research
The Hang Seng Indexes Company has announced the results of the latest review on the constituent stocks of the Hang Seng Indexes.
Huatai Securities believes that 29 stocks may be added to the Southbound trading of the Mainland – Hong Kong Stock Connect schemes.
Goldman Sachs slightly cut China Mobile’s target price, raised target prices for China Unicom, China Telecom
Goldman Sachs forecast a stable revenue growth of 7% – 8% and an EBITDA uptick of 6% – 8% for China’s three major telecom operators – China Mobile, China Telecom and China Unicom
Hong Kong stocks closed down on Tue, property developers, automakers tumbled, telecom companies outperformed
The Hang Seng Index fell 0.79% to close at 19,785.9, the Hang Seng China Enterprises Index down 1.33% and the Hang Seng Tech Index sliding 1.62%.
Hong Kong local stocks gain on removal of mask mandate from Mar 1
Local cosmetics retailer Sa Sa International is leading the gains with a rise of more than 4%, followed by 3.8% gain in Bosideng International Holdings and 3% rise in Chinese Estates Holdings.
Hong Kong Chief Executive John Lee said that the mask mandate for all locations will be lifted starting from March 1.
China’s telecom equipment companies stage strong rally on government plan on digital infrastructure
Shares of Telecom Service One Holdings surged over 12% in Hong Kong, ZTE Corporation jumping nearly 7%, while China Communication Services and Yangtze Optical Fibre and Cable up more than 2%.
Short video companies fall after regulators vowed to step up efforts to prevent addiction among minors
Chinese short video companies are falling in Hong Kong, with Bilibili down more than 3% and Kuaishou down over 1%.
China to accelerate construction of wind and solar power bases to ramp up renewable energy generation in 2023 – national energy administration
China should step up the efforts to ensure that new wind turbines and PV generators are completed and put into operation on
China’s Zhihu surged up to 57% to hit record high in Hong Kong on ChatGPT potential
China’s largest question and answer platform Zhihu, surged as much as 57% to hit HK$36.6, marking the highest on record, before paring gains to close up 39.6% at HK$32.45.
Citigroup raised target price for Meituan, opened 90-Day positive Catalyst Watch, kept rating at Buy
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Shares of Chinese oil companies trade higher on expectation of higher oil demand amid supply drops, China recovery
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BYD explores setting up its own factory in Europe – company executive
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Baidu shares hit one-year high on ChatGPT-style bot plan
Chinese search engine giant Baidu surged 15.3% to close at HK$166.3 in Hong Kong on Tuesday, marking the highest level since February
China’s mobile game sector recovers, revenue hit record high in January – research
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China Gas consider spinning off value-added service unit for Hong Kong listing – report
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China Overseas’ contracted property sales fell 10.8% on year in Jan
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Chinese public funds’ holdings in Hong Kong stocks rose by 33% in Q4 2022 – research
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China’s property transactions tumbled in Jan due to Spring Festival holiday – research
China’s property transactions declined significantly in January on both yearly and monthly basis, due to the impact of the Spring Festival holiday, China Index Academy (CIA) said in a report.
HKEX, Saudi Tadawul signed MOU for cooperation in fintech, ESG, cross listings
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Jefferies slightly raised target price of Tencent, Meituan on strong performance during new year holidays
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China Duty Free slid on slumping in 2022 earnings, Goldman Sachs sees profit-taking pressure in short term
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Citigroup cut target price of Apple supplier Sunny Optical to HK$140, rating unchanged at Buy
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Apple suppliers trade lower on news that authorized Apple retailers cut prices in China
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Goldman Sachs raised target price of BYD to HK$32.51, maintaining Buy rating
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CICC remained constructive on Hong Kong stocks, focuses on internet, healthcare stocks
The China International Capital Corporation remained constructive on Hong Kong stocks and said that the rally started from November 2022 is now
Chinese non-ferrous metal companies’ stocks trade lower after US labor data beat expectation
In Hong Kong, China Hongqiao is sliding more than 6%, Zijin Mining, Shandong Gold, China Nonferrous Mining and China Gold International down more than 5%, Zhaojin Mining, Luoyang Molybdenum, Lingbao Gold, etc. are more than 4%.
Aluminium giant China Hongqiao tumble in Hong Kong after expects net profit to tumble 40% in 2022
China Hongqiao, the world’s top private aluminium producer, said that its net profit for the year ended 31 December 2022 is expected to tumble by about 40% from a year earlier.