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Barclays Maintains JPMorgan(JPM.US) With Buy Rating, Maintains Target Price $330
J.P. Morgan: Forecasts that Macau's gambling revenue in February will be between 18.3 billion to 19.4 billion Macanese Patacas. Recommends GALAXY ENT and others.
JPMorgan released a Research Report predicting that Macau's gambling revenue in February will be between 18.3 billion and 19.4 billion Macau patacas, with a year-on-year decline of 1% to an increase of 5%. The bank believes that the annual gambling revenue this year may only achieve low single-digit growth, currently forecasting a year-on-year increase of 2%. It continues to list GALAXY ENT (00027) as the industry preference. The Research Report noted that the gambling revenue for the first 16 days of February reached 11.9 billion Macau patacas, with an average daily revenue of 0.743 billion Macau patacas, indicating that last week's average daily gambling income decreased to 0.642 billion Macau patacas, recovering from 0.725 billion Macau patacas during the Lunar New Year to a more normal level, in line with expectations. Considering the data from January, the beginning of this year...
J.P. Morgan: Foreign banks prefer HSBC Holdings more, expecting more stable profit growth.
JPMorgan released a report indicating that it maintains a "Shareholding" rating for HSBC Holdings (00005) and STANCHART (02888), raising HSBC Holdings' Target Price from 90 HKD to 95 HKD, and STANCHART's Target Price from 112 HKD to 120 HKD. It believes that the earnings growth for HSBC Holdings is more stable, thus preferring HSBC Holdings. The bank expects that HSBC Holdings and STANCHART will respectively announce their fourth-quarter results for last year on Wednesday (19th) and Friday (21st) this week, with both banks projected to see a moderate decline in pre-tax profits year-on-year. Net interest income will provide room for profit increases, but the exposure to risks in commercial properties in Hong Kong may impact profitability.
JPMorgan: The AI-driven rise of China Technology stocks is expected to have momentum, with Alibaba as the top pick.
JPMorgan believes that, thanks to the development of generative AI in China, the recent rise of Chinese Technology stocks should be more sustainable than last year's increase. Analysts such as Alex Yao wrote in a report, "Although it is difficult to predict how long this current wave of AI-driven Chinese Internet stock increases can last, we firmly believe this will not just be a one-month trend." "The lessons we learned from AI Trade in the USA are that the valuation re-evaluation brought about by long-term disruptive fundamental developments may be lasting, provided there is a positive national/market beta, as well as ongoing positive developments at the company level."
Here's Why We Think JPMorgan Chase (NYSE:JPM) Is Well Worth Watching
Jamie Dimon Says AI Will Change Your Jobs, But It May 'Eliminate' Some Careers As Well: Reskill, And Redeploy People
北凉x李淳罡 : One of the most amazing Banks, it has risks but even the USA government must ensure its existence. Do you think Beijing Zhidemai Technology is worth buying?
小熊维尼睡大觉 : I don't think it's worth it, too expensive, low dividends, not suitable for long-term holding, now it's at a short-term high point. I believe that in general, the upward trend of Banks should be linked to the growth of GDP in the USA, any more than that would be overestimated. After all, the profits of Banks are taken from depositors, and Banks can only lend out as much money as depositors have.
101721316 : yes for long term