Citi: Maintains a "buy" rating on Kuaishou-W with a target price of HK$67.

Citi released a research report stating that it maintains a "buy" rating on Kuaishou-W (01024) with a target price of 67 Hong Kong dollars. The company reported strong year-on-year growth in its Singles' Day sales e-commerce GMV (gross merchandise volume), with e-commerce shelf commodity GMV increasing by 110% year-on-year, a 94% year-on-year increase on the first day of promotions, and search GMV growing by 119%. According to its performance indicators, Citi believes that Kuaishou's GMV growth during Singles' Day could exceed the bank's expected 14% year-on-year growth for Q4 2024. However, with a slowdown in growth during the off-season outside of Singles' Day, this may imply that Citi's Q4 2024 GMV forecast is expected.

Sina Hong Kong stocks22:45 ET

Citigroup: Maintains a 'buy' rating on Vtech Holdings with a target price of 65 Hong Kong dollars.

Citi released a research report stating that it maintains a target price of HKD 65 for vtech holdings (00303) and a "buy" rating. The company's revenue for the first half of the period ending September 2025 decreased by 4.5%, and net profit fell by 6.6% to USD 87.4 million. The report states that the company's revenue was below expectations, primarily due to adjustments in the sales of the acquired company Gigaset. The bank expects the initial contribution of sales from Gigaset to account for about 4% of vtech holdings' total sales. Management indicated that Gigaset's performance in October has improved compared to before the acquisition, so Gigaset has already begun to break even.

Sina Hong Kong stocks.22:44 ET

Traders increase their bets on buying put USA government bonds, as Trump's policies are expected to reignite inflation.

Traders are increasing their bets on further declines in the USA Treasury market, expecting that the policies promised by Trump will reignite inflation and keep US interest rates high. Data released on Tuesday showed that open interest contracts for two-year note futures rose for the fourth consecutive trading day. This indicates that traders are building put positions after the election and before the release of October inflation data on Wednesday. As short positions expand, US bonds were sold off, with yields rising more than 10 basis points across the board on Tuesday. An indicator of the return rate on government bonds has narrowed the year-to-date gains by only 1.4%. Citi strategist David Bieber in the report.

Global market report.18:50 ET

Express News | Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in China

Reuters18:19 ET

Citigroup CEO Says Its `game on' for M&A in the U.S. Post Election

Seeking Alpha17:25 ET

Citigroup Options Spot-On: On November 12th, 201.54K Contracts Were Traded, With 2.4 Million Open Interest

Moomoo News16:30 ET