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Morgan Stanley: Among the three major telecom operators, CHINA TELECOM is the preferred one, and the rating for CHINA TOWER has been upgraded to "Shareholding".
Morgan Stanley released a research report stating that it remains bullish on domestic telecom operators maintaining their dividends, while also expecting the industry to benefit from reduced capital expenditure after the 5G cycle and potential improvements in operating capital conditions. Compared to telecom operators, Morgan Stanley is more optimistic about the development of Datacenter and tower companies in the Chinese market. Currently, Morgan Stanley's preference ranking for the three major telecom operators is CHINA TELECOM (00728), China United Network Communications (00762), and CHINA MOBILE (00941), all receiving a 'Shareholding' rating. The bank predicts that this year's growth rate of service revenue in the domestic telecom industry will slightly rebound to 3.2%, compared to 2.7% in 2024, but still.
Trump Told Advisers He Wants to Visit China as President
The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
U.S. stocks are moving differently | Some China Concept Stocks are rising, with GDS Holdings (GDS.US) up over 5.6%.
Some China Concept Stocks are rising.
Open Source Securities: AI applications are gradually emerging, and AIDC is the first to benefit.
The continuous increase in inference demand drives the accelerated release of AIDC demand, emphasizing the AIDC suppliers that focus on scarce positioning resources.
Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth.
