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【Brokerage Focus】Nomura Securities analyzes the 2024 Guangzhou Auto Show: The new energy fund market continues to grow.
Nomura Securities recently released a research report that provides an in-depth analysis of the 2024 Guangzhou Auto Show. The report points out that with the development of online media platforms, traditional auto shows are gradually transitioning from a platform for displaying new models and features to a sales exhibition. Nonetheless, some emerging trends in the Chinese auto market can still be observed at the auto show, such as the aggressive development of autonomous driving features, an increasing number of OEMs adopting PHEV/EREV solutions, and the continued enlargement of vehicle sizes, shifting towards SUVs/MPVs while increasing the interior space of compact cars like sedans. Analysts at Nomura Securities mentioned in the report that during the auto show,
CICC: In Q3 24, the maximum increase in the proportion of optional consumer Hong Kong stock holdings, Alibaba-W (09988) is highly favored after its inclusion.
In Q3 2024, the total scale of public fund holdings in Hong Kong stocks rose significantly, and the proportion of southbound trading increased, but it was not an active shareholding.
【Special Guest V】Option Jack: Hong Kong stocks always come back through ups and downs
Golden Finance News | On Monday, November 18, the China Securities Regulatory Commission released news of reasonable market cap valuation, leading to an increase in the stock markets of China and Hong Kong. The Hang Seng Index rebounded after six consecutive days of decline, opening 169 points higher. It then rose by 354 points, reaching a peak of 19,781, before falling back with most of the gains maintained at 19,576, up by 150 points. The turnover of 141 billion yuan was the lowest in two weeks. Today on November 19, the Hang Seng Index rebounded again in the early session, but could not break the spell, falling back before 10 o'clock. It peaked nearly 180 points higher at 19,759, still under pressure near yesterday's high. It then fell all the way down, with further declines in the morning.
[Brokerage Focus] CICC slightly raised Xiaomi Group (01810) target price by 1.3%, citing smooth development of its 'people-car-home' ecosystem.
Kim Eng Financial News | CMB International issued research reports, stating that Xiaomi Group (01810) 3Q24 revenue and adjusted net income increased by 31% and 4% year-on-year respectively. The adjusted net income performance exceeded the bank's previous forecast and market consensus expectations by 3%/6%, mainly due to the strong gross margin of the EV autos business and other core business gross margins, as well as the fair value of the company's investment symbols increasing year-on-year. The gross margin of Xiaomi's EV business this quarter reached 17.1%, a significant increase compared to 15.4% in 2Q24, mainly due to the increase in EV ASP, reduction in per-car component costs, and.
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
Xiaomi conference call: autos Q4 revenue growth rate is expected to continue to rise, planning to open 120 500-square-meter large stores this year.
Xiaomi stated that the growth in total revenue for the Xiaomi Group this quarter is largely due to the stable growth of the auto business, and if necessary, it will further invest in expansion, planning to open 120 oversized Xiaomi Home stores by the end of the year, each covering an area of 400-500 square meters.
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