The central bank unexpectedly lowered the policy interest rate, stimulating the Hong Kong stock market to stop falling from its low point.

Last week, the Hang Seng Index fell a total of 875 points or 4.8%, reaching the lowest level in nearly three months since April 26; the Hang Seng Tech Index plummeted by 6.5%, dragging down the entire market. However, China's 1-year and 5-year LPRs were lowered by 10 basis points in July, driving a rebound in Hong Kong stocks today, climbing 181 points in the morning. The Hang Seng Index rose 142 points or 0.9% to 17,560 points in the half-day period; the National Index rose 61 points or 1% to 6,226 points; and the Hang Seng Tech Index rose 59 points or 1.7% to 3,596 points. The total turnover of the market in the half-day period was HKD 53.671 billion, and the net inflow of Shanghai and Shenzhen-Hong Kong stocks in the southbound trading was 2.

金吾財訊Jul 22 05:11 ET

[Brokerage Focus] Tianfeng securities maintains a "buy" rating on JD.com (9618), expecting the gradual release of consumer demand to drive the company's performance to improve.

Tianfeng Securities released a research report stating that jd.com's self-operated business has a strong barrier to entry, and the POP ecosystem is steadily advancing, and the improvement of user consumption experience is expected to form a benign cycle of stimulating consumer demand. The bank believes that as China's consumer market steadily recovers, the increase in the richness of low-priced supply on the platform may lay the foundation for future breakthroughs in the sinking market and activation of old users. The bank expects jd.com's 2Q24 revenue to rise 0.5% year-on-year to 289.3 billion yuan, with revenue growth under short-term pressure, mainly due to 1) overall weak performance of terminal consumption and 2) the real estate market at the bottom.

金吾財訊Jul 22 03:41 ET

Jd.com (09618) fell by 3.39%. Tianfeng Securities stated that the overall performance of end-consumer consumption is weak, and the company's revenue growth is under short-term pressure.

Jingdong Group (09618) fluctuated and fell, down 3.39% to HKD 102.6 at the time of publication with a trading volume of HKD 0.653 billion. Tianfeng Securities stated that the macroeconomy is steadily recovering, and the income in the second quarter of 2024 is expected to increase slightly year-on-year. From the macro environment, consumer goods retail in H1 2024 showed a steady recovery trend, recovering to 121% of the same period in 2019. The bank predicts that Jingdong Group's Q2 2024 revenue will increase by 0.5% year-on-year to CNY 289.3 billion, but revenue growth is under short-term pressure. This is mainly due to 1) Overall, the performance of terminal consumption is weak, and the real estate market is at the bottom.

金吾財訊Jul 19 03:31 ET

New media experience for watching European Cup: evaluation of three new media broadcasting platform apps.

The 2024 European Cup has come to an end, but the enthusiasm of football fans is still high. In this football extravaganza, in addition to the fierce competition on the green field, the performance of major broadcasting platforms has also been highly anticipated. This year, there are three new media APP platforms in China that can broadcast the European Cup, namely CCTV video, Migu video, and iqiyi sports. In order to further improve the viewing experience and meet the diversified needs of fans, the broadcast platforms have spared no effort, creating derivative programs around the event, inviting celebrities to participate, or innovating black technology, in various ways to bring this sports feast to fans. These viewing platforms each have their own strengths, and we will explore them from the perspective of product structure, content richness, and technical innovation.

新浪科技Jul 19 02:38 ET

Brokerage gtja maintains a 'shareholding' rating for jd.com (09618) and expects a 1% growth in revenue for the second quarter.

According to the research report issued by gtja, it is expected that jd.com (09618) will achieve a revenue of 29.01 billion yuan in FY2024Q2, a YoY increase of 1%. Due to the high temperature in May and June of 2023, earlier than in 2024, the base is larger, so household appliance categories such as refrigerators, fans, and air conditioners are under pressure. It is expected that the company's adjusted net income in FY2024Q2 will reach 10.1 billion yuan, and the adjusted net profit margin will increase by 0.2 percentage points YoY to 3.5%, mainly due to the reduction of subsidies without a significant increase in subsidies. On the retail side of jd.com, both GMV and revenue have increased, fully benefiting from the achievements of platform ecosystem construction. It is expected that

金吾財訊Jul 18 03:25 ET

Express News | PDD Holdings Down 3.3%, Baidu Down 6.3%

ReutersJul 15 11:01 ET