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 >>>
Apple’s iPhone sales in China fell 30% in first week of 2024, to decline by double digits this year – Jefferies >>>
China’s top-tier cities saw residential rents drop for sixth straight month in Dec, lower-tier cities’ rents grew at faster rate – research >>>
Asian equities to rise 12% in 2024 driven by Chinese, Indian markets; HSI year-end target cut to 19,300 – HSBC >>>
China’s advertising market to grow by slower pace in Q4, online advertising to grow 10% in 2024 – UBS >>>
Morgan Stanley maintains fair view on China’s auto industry, favors deep value, theme stocks in auto, mobile-sharing markets >>>
China’s M&A activities expected to become more active this year, cooperation between large firms to be future trend – UBS >>>
Market too optimistic about China’s internet sector in 2024; top picks are PDD, Tencent, Trip.com, ZTO – Macquarie >>>
