HSBC: Upgraded china res power rating to "shareholding", believing it has good value.

JPMorgan released a research report stating that it believes due to the strong growth in electricity consumption in China, electricity prices will only decrease at a modest pace. It believes that China Resources Power (00836) has good value and has raised its stocks to a "shareholding" rating. The report states that the company has underperformed the index by over 35% since early July, possibly due to concerns about next year's electricity price cuts and capital worries, as well as underperformance in the same industry. JPMorgan believes that market concerns about reduced electricity prices may be exaggerated, even if assuming significant electricity price cuts in the next two years, the current yield of Resources Power is about 7%, still a buying opportunity.

Sina Hong Kong stocks04:36 ET

J.P. Morgan: Maintains a "shareholding" rating for hsbc holdings, with the target price raised to 90 Hong Kong dollars.

JPMorgan released a research report stating an upward adjustment to HSBC Holdings (00005) earnings per share forecast for the fiscal years 2025 and 2026 by 5% and 6% respectively, and also raised the target price by 5% to 90 Hong Kong dollars, maintaining a 'shareholding' rating. HSBC Holdings is one of the preferred stocks because in the next 12 months, the dividend and share buyback yield of the stock is expected to reach 12%, the highest level among the banks covered by the firm, providing stability in strong shareholder returns. On the other hand, according to the bank's analysis, the quality of local commercial real estate assets in Hong Kong and the rise in tax rates are at a manageable level of risk.

Sina Hong Kong Stocks04:35 ET

Citigroup Adjusts JPMorgan Chase & Co.'s Price Target to $250 From $215, Keeps Neutral Rating

MT Newswires04:28 ET · Ratings

The central parity rate of the Renminbi against the US dollar is reported at 7.1911 yuan, down 4 basis points.

On November 19, the central parity rate of the yuan against the dollar was reported at 7.1911 yuan, down 4 points. Nomura expects that the Federal Reserve will pause interest rate cuts in December and will only lower rates twice next year. Nomura Securities analysts recently stated that they expect the Fed to pause interest rate cuts at the policy meeting in December, making it the first global brokerage to suggest a pause in rate cuts following Trump's election win. Nomura currently predicts that next year, the Fed will only cut rates twice more, in March and June, by 25 basis points each time. The brokerage maintains its forecast for the federal funds rate before next year at 4.125%.

Market news20:18 ET

Jim Cramer on JPMorgan Chase & Co. (JPM) And Other Banking Stocks: 'They Really Caught Fire After Trump Won The Election'

Yahoo Finance18:05 ET

Bonds Are 'Dirt Cheap' as Yields Soar. Trump's Win Is Just 1 Reason.

Barrons17:14 ET