Stocks to Watch Broadcom Inc (AVGO US)$Broadcom (AVGO.US)$ Daily Chart -[BULLISH ↗ *]AVGO US is holding above its ascending trendline support. As long as price is holding above 173.85 support level, we expect price to drift down towards its ascending trendline support before drifting towards 199.50 resistance level. Technical indicators advocate for a bullish scenario as well. Alternatively: A daily candlestick closing below 173.85 su...
UOB Kay Hian believes that China's strong policy implementation will improve consumer sentiment, benefiting e-commerce, local lifestyle services, and online travel companies. They predict that by 2H24, internet company valuations will improve through shareholder returns, cross-border expansion, and reduced competition. Key drivers include AI-generated content (AIGC) and advancements in advertising t...
InfiltradeR
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No prediction is needed from UOB. If we take a look at past historical trend when China launched a series of stimulus to aid the economy, we'll have the answers.
Settlement
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After the sharp rise in the China stock market, it has been on a continuous decline, dropping from nearly 30 to 22, undoubtedly causing great panic in the market, which may also be institutions or manipulators deliberately lowering the stock price for bargain hunting. The third quarter financial report is crucial.
HSBC Global Research forecasts that Tencent's domestic game revenue will grow faster in 3Q24 and 4Q24, driven by new titles like DNF: Origins and Valorant, along with sustained engagement in popular existing games. In contrast,$NTES-S (09999.HK)$’s revenue growth may slow year-over-year in 3Q24 due to tough comparisons with Justice and Eggy Party but should recover by 4Q24, aided by new games like Nara...
We had a nice breakout in some of these names thanks to yesterday's bazooka stimulus from the PBoC. Don't expect volatility to go away for this market. What's important is that the road is now being paved for a recovery in China's economy and support for the stock market. Beijing has shown it has the willingness to take drastic measures to stimulate. They have other ways of taking action, which we'll likely see i...
Taobao/Tmall ($BABA-W (09988.HK)$): Market Share: Stable. Growth: Expected high-single-digit GMV growth for the September quarter. Monetization: Anticipated to improve with full-site promotions and technical service fees from September. Pinduoduo$PDD Holdings (PDD.US)$: GMV Growth: Expected to outpace the broader market. Monetization: May fluctuate due to ecological governance strategies. JD.com$JD-SW (09618.HK)$: GMV Growth...
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