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Citigroup: Lower Hang Seng Index's year-end target to 19,800 points.
Recently, a report from Citigroup pointed out that H-shares listed in Hong Kong are more sensitive to the Fed's interest rate cuts, so they remain bullish on H-shares over A-shares. Citigroup has lowered its year-end target for the Hang Seng Index by 3% to 19,800 points and also lowered its mid-2020 target by 5% to 21,000 points.
Are Investors Undervaluing Techtronic Industries Company Limited (HKG:669) By 29%?
Express News | Techtronic Industries H1 EBIT USD 626 Million
TECHTRONIC IND: Interim Report 2024
Techtronic Industries (00669.HK) faces shareholding reduction of 2.317 million shares by JPMorgan.
According to the latest equity disclosure data from the Hong Kong Stock Exchange, on August 20, 2024, Techtronic Industries (00669.HK) was sold by JPMorgan Chase & Co. at an average price of HKD 103.3001 per share, reducing its holdings by 2.317 million shares, with a total value of approximately HKD 0.239 billion. After the sale, JPMorgan Chase & Co.'s latest holdings amount to 201,046,756 shares, and the holdings ratio decreased from 11.09% to 10.97%.
Slowing Rates Of Return At Techtronic Industries (HKG:669) Leave Little Room For Excitement
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