Express News | UBS Could Cap Future Size of Investment Bank, Add Some Capital Sources Say

Reuters24minutes ago

Express News | UBS Floats Concessions to Broker Swiss Capital Compromise, Say Sources

Reuters24minutes ago

Goldman Sachs: Initiates a "Buy" rating on Gu Ming with an attractive dividend yield.

Goldman Sachs released a research report stating that it initiates coverage on Gu Ming (01364) with a "Buy" rating, setting a 12-month target price of HKD 20.9, based on a PE of 20 times for 2026. This indicates that Gu Ming has a potential upside of 31%, compared to an average potential increase of 10% for stocks rated "Buy" within the firm's coverage. The firm expects Gu Ming to achieve a strong profit recovery in 2025, with net income growing by 28% year-on-year and sales revenue increasing by 22%. This growth is attributed to the renewed acceleration of store expansion, adding a net 2,200 stores by the end of 2025, totaling 12,100 stores.

Sina Hong Kong Stock23:37 ET

Goldman Sachs: Assigns a "Neutral" rating to SINOPEC CORP with a Target Price of 4.50 HKD.

Goldman Sachs released a Research Report stating that it assigns a "Neutral" rating to China Petroleum & Chemical Corporation (00386, 600028.SH) because it anticipates that Sinopec will go through a period of weak free cash flow. This is due to declining refining profit margins and an oversupply in the chemical market, which makes the firm more inclined towards upstream Business companies within its coverage. The firm’s 12-month Target Price is based on the expected enterprise value/EBITDA (EV/EBITDA) for 2025 (similar to downstream refining and chemical Stocks within its coverage) using a target multiple of 3.5 times. The firm excluded inventory in its Target Price calculation.

新浪港股23:35 ET

Goldman Sachs: China Shenhua Energy's 2024 annual report performance exceeds expectations, maintaining a "neutral" rating.

Goldman Sachs released a research report stating that it maintains a "Neutral" rating for China Shenhua Energy (01088), lowering the 12-month target price from HKD 30.0 to HKD 29.5 (corresponding to a projected PE of 9.1 times for 2025), and upgrading the rating for Shenhua A shares (601088.SH) from "Sell" to "Neutral," lowering the 12-month target price from RMB 33.0 to RMB 32.5 (corresponding to a projected PE of 10.8 times for 2025). Since including Shenhua A shares in its "Sell" list on January 8, 2025, the stock price has fallen by 9%, while the CSI 300 Index has risen.

Sina Hong Kong Stock.22:34 ET

Trump will accelerate the imposition of Copper tariffs, which may be implemented within a few weeks at the earliest.

Media sources citing informed individuals indicate that the USA may impose tariffs on imported Copper within weeks, months ahead of the final deadline determined. In February of this year, Trump instructed the Department of Commerce to investigate potential Copper tariffs and submit a report within 270 days. Informed sources said that the investigation seems to be merely a formality, as Trump has often stated his intention to impose tariffs. The government is conducting a rapid assessment and could reach a conclusion before the 270-day deadline. The White House declined to comment on this. Trump previously threatened to impose tariffs of up to 25% on all Copper imports, an action that could disrupt the Global Copper market. Goldman Sachs and Citigroup are involved.

Global market report22:14 ET