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Citigroup Newsroom
Citigroup and Barclays Face Penalty for Naked Short Selling
Citi: Reiterates GUANGDONG INV "Buy" rating, Target Price 7.3 Hong Kong dollars.
Citi released a research report stating that the Target Price for GUANGDONG INV (00270) is HKD 7.3, reiterating a "Buy" rating, as it expects a 6.7% return in 2025, which will be the highest among Hong Kong utility stocks; after disposing of its stake in GD LAND, its earnings visibility will improve; and its financial condition will enhance, with next year's net liability-to-equity ratio decreasing from 28.5 percentage points to 35.1%. The report indicates that GUANGDONG INV plans to distribute over 73% of its holding in GD LAND (00124), and after excluding losses from the associated property sales and asset impairments, the net income forecast for GUANGDONG INV for 2025 to 2026 has been raised by 3.
Citigroup Options Spot-On: On December 18th, 76,765 Contracts Were Traded, With 2.37 Million Open Interest
Express News | Citibank, N.a.: Lowered Base Lending Rate to 7.50% From 7.75%, Effective Thursday, December 19
Tesla, Bitcoin, S&P 500, Dow, Tank: Thanks a Lot FOMC | Wall Street Today
Express News | FOMC Cuts Interest Rates by 25 Basis Points, Sees Fewer Reductions Next Year
Express News | Shares of Banking Companies Are Trading Lower Amid Overall Market Sympathy Following the Fed's Rate Decision to Cut Rates by 25 Basis Points
Why Money's Flowed Into Bank of America Bonds - and How a Fed Pause in Rate Cuts May Help Financial Firms
Dow Breaks Downward Spiral, with FOMC Rate Cut on Deck | Live Stock
Reports indicate that South Korea has imposed fines on Barclays and Citigroup for naked Short Sell activities.
According to reports, South Korea has fined Barclays and Citigroup for their naked Short Sell activities, intensifying the crackdown on such illegal trading practices. Reports indicate that Barclays and Citigroup were fined 13.7 billion won (9.5 million USD) and 4.7 billion won respectively by the South Korean Securities and Futures Commission (SFC). Barclays stated it is considering a response and will continue to commit to maintaining the highest standards of professional ethics and ensuring the orderly and transparent operation of the market. Citigroup and SFC did not immediately respond to requests for comments.
Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024
Citi Lowers Base Rate
Maybank Securities and Citi Bring Global Securities Lending to Retail Investors in Singapore
Citigroup Options Spot-On: On December 17th, 81,119 Contracts Were Traded, With 2.34 Million Open Interest
New York Foreign Exchange Market: The dollar rose slightly ahead of the Federal Reserve's interest rate decision, while the Canadian dollar came under pressure.
After the mixed retail sales data from the USA was released, the Bloomberg USD maintained a slight increase, as traders awaited the Federal Reserve's interest rate decision on Wednesday. The political instability in Canada continues, causing the Canadian dollar to drop to its lowest level since the COVID-19 pandemic. The Bloomberg USD increased by less than 0.1%. In November, overall retail sales in the USA grew by 0.7% month-on-month, higher than the estimated increase of 0.6%; the core Indicators, excluding Autos and RBOB Gasoline, grew by 0.2%, while the estimate was a growth of 0.4%. The yield on 2-year US Treasury bonds fell by about 1.2 basis points to 4.24%. Swap traders expect about a 90% chance that the Federal Reserve will cut interest rates by 25 basis points on Wednesday.
Tuesday, Tech Pulls Back, While Traders Await FOMC Rate | Wall Street Today
November Credit Card Delinquencies Hold Steady, Charge-offs Climb
Tuesday Tech Pull Back After Nasdaq and Bitcoin Record | Live Stock
Citi: Initiates coverage on Horizon Robot-W with a "Buy" rating and a Target Price of HKD 4.6.
Citi released a research report granting Horizon Robotics-W (09660) a "Buy" rating for the first time, indicating that the company possesses strong technological advantages and localized expertise, benefiting from robust growth in the Industry, a solid customer base, and an increasing penetration rate of domestic ADAS+AD chips. It is expected that 2026 will be a turning point for the development of Horizon Robotics, with plans for large-scale production of the flagship J6 series products starting in 2026. The current Target Price is set at 4.6 HKD, and it is anticipated that the annual compound growth rate of EBIT from 2028 to 2030 could reach 32%.
Citigroup Options Spot-On: On December 16th, 82,436 Contracts Were Traded, With 2.38 Million Open Interest