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＜Research＞CLSA Chops Baidu (BIDU.US) TP to US$145, Expects 2Q Adj. EBIT to Rise 1.7% YoY
Baidu, Inc. (BIDU.US)'s 2Q24 results may dragged down by a weak macro environment and the erosion of AI search, CLSA issued a research report sayi...
AASTOCKS
＜Research＞CLSA Elevates POP MART (09992.HK) TP to $45 as Interim Results Forecast Beats Estimations
POP MART (09992.HK) expected its interim revenue/ net profit (excluding gains and losses on fair value of financial assets) to grow at least 55% YoY/ ...
AASTOCKS
＜Research＞CLSA Lowers PRADA (01913.HK) TP to $65, Rates Outperform
A recent CLSA report reveals that PRADA (01913.HK), which will announce its interim results on 30 July, is expected to report a 12% YoY increase in 2Q...
AASTOCKS
＜Research＞CLSA Lowers MENGNIU DAIRY (02319.HK) TP to $22, Rates Outperform
CLSA believes that the 12% YoY drop in the price of raw milk in China in 2024 YTD reflects unbalanced supply and demand due to a slower-than-expected ...
AASTOCKS
＜Research＞G Sachs Raises Apple (AAPL.US) TP to US$265 on iPhone Shipment Hike Forecast
Goldman Sachs released a research report expecting Apple Inc. (AAPL.US)'s EPS for the third financial quarter ended June to be US$1.36, higher tha...
AASTOCKS
＜Research＞G Sachs Trims TPs on Medicals Broadly; Investors Still Eye on Anti-corruption Impact
Goldman Sachs released a report. Ahead of the 2Q24 and 1H24 results season, the TPs on the whole line of health care related stocks were cut, with the...
AASTOCKS
＜Research＞G Sachs Trims TPs of YUE YUEN IND & POU SHENG INT'L, Keeps Buy Ratings for Both
Goldman Sachs updated its profit forecasts on YUE YUEN IND (00551.HK) and POU SHENG INT'L (03813.HK). The broker lowered its 2Q24 revenue f...
AASTOCKS
＜Research＞CMS Suggests CHINA RES BEER (00291.HK) Shr Price Digested 1H Results, Lowers TP to $37
A recent China Merchants Securities (CMS) report reveals that CMS expects CHINA RES BEER (00291.HK) to have flat 1H results with an increase in profit...
AASTOCKS
＜Research＞BofAS: KUAISHOU-W (01024.HK) GMV Dented by Macro Environment; TP Trimmed to $71
KUAISHOU-W (01024.HK) disclosed at an US investor meeting that its e-commerce business platform GMV was broadly on track, but a macro slowdown and com...
AASTOCKS
＜Research＞Citi Cuts TONGCHENGTRAVEL (00780.HK) TP to $23, Projects 2Q Results Broadly In Line
Citi Research report wrote that TONGCHENGTRAVEL (00780.HK) will announce its 2Q24 results in mid-August. The broker forecast the company's quarter...
AASTOCKS
＜Research＞Daiwa Downgrades AUTOHOME-S (02518.HK) to Outperform and Lowers TP to $60
A recent Daiwa report reveals that it has lowered the media service revenue forecast for AUTOHOME-S (02518.HK) by 12% for 2024, reflecting the impact ...
AASTOCKS
＜Research＞BofAS Expects MNSO (09896.HK) 2Q Results Solid; Shrs Oversold
BofA Securities issued a report, forecasting a solid 2Q results for MNSO (09896.HK)(MNSO.US), with revenues expected to rise 23% YoY, and core non-IFR...
AASTOCKS
＜Research＞HSBC Global Research Expects Copper Prices to Stay High, Prefers CMOC & ZIJIN MINING w/ TP Raise
HSBC Global Research noted its optimism in a report that copper prices will remain elevated due to recovering demand from the energy transition and ti...
AASTOCKS
＜Research＞UBS Drops TONGCHENGTRAVEL TP to $23, Expects 2Q Results Roughly In Line with Consensus
UBS issued a report on TONGCHENGTRAVEL (00780.HK), which was expected to report 2Q24 results broadly in line with consensus, with revenue from its cor...
AASTOCKS
＜Research＞UBS Raises POP MART (09992.HK) TP to $51.9, Lifts NP Forecasts
POP MART (09992.HK) issued a positive profit alert forecasting 1H24 revenue/ net profit excluding fair value changes of financial instruments to rise ...
AASTOCKS
＜Research＞Nomura Downgrades CHINA UNICOM (00762.HK) to Neutral and Lowers TP to $7
A Nomura report revealed that Nomura downgraded the H-share rating on CHINA UNICOM (00762.HK) to Neutral from Buy and lowered its target price to $7 f...
AASTOCKS
＜Research＞Nomura Lifts CHINA TELECOM (00728.HK) TP to $5.8, Expects Service Rev. Growth to Outperform Sector
Nomura released a research report lifting its target price on CHINA TELECOM (00728.HK) from $5.1 to $5.8, with rating kept at Buy. Nomura believed tha...
AASTOCKS
＜Research＞Nomura Elevates CHINA MOBILE TP to $89 as Firm Remains Core Defensive Stock Despite Expected Slowdown in 2Q Rev. Growth
Nomura kept rating at Buy on CHINA MOBILE (00941.HK), and elevated its target price from $79 to $89. CHINA MOBILE remains a core defensive stoc...
AASTOCKS
CX to Launch 'Card-linked Earn' Campaign for Membership Programme in 2H24
Paul Smitton, Director of Customer Lifestyle at CATHAY PAC AIR (00293.HK), said that as of June, the Cathay Pacific membership programme had 11 millio...
AASTOCKS
HKADR Projects HSI to Open Down 293 pts to 17,485
ADR Code│Relative price (HKD)│Premium of HK stocks vs ADR (%) CKHUY.NASD OTHER│39.897│2.39% CLPHY.NASD OTHER│65.35│0.23% HOKCY.NASD OTHER...
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