Stocks to Watch Baker Hughes Company (BKR US)$Baker Hughes (BKR.US)$ Daily Chart -[BULLISH ↗ **]BKR US shaped a bullish exit of ascending channel to the upside. As long as price is holding above near term support at 42.65, a further push higher towards 46.90 resistance is expected. Technical indicators are advocating for a bullish scenario as well. Alternatively: A daily candlestick closing below 42.65 support level could open drop towards n...
Kingsoft's strong conversion of profit to free cash flow is a positive sign. The company's statutory profit may understate its earnings potential. Despite losses last year, it managed to profit this year. However, a full understanding of the company requires considering more than just these factors.
China's National Press and Publication Administration (NPPA) recently released another batch of 105 domestic online game approval numbers (banhao) for December, versus 87 in November. The number of approvals this time surpassed 100 for the first time, with wider scope of coverage.$Tencent (TCEHY.US)$'s ADRs in the U.S. soared 3.5% overnight, an upsurge of more than 7% from the closing price of HK$274 in Hon...
1. China's CSI 300 Index to Include More Tech Firms China's CSI 300 Index, akin to the S&P 500, is set to include more technology-related companies in its bi-annual review. This move reflects China's evolving economy driven by technological advancements. Chip industry leaders like Cambricon Technologies, Empyrean Technology, and Hygon Information Technology will be added, aiming to balance the index, currently skewed towards fina...
High insider ownership at Kingsoft indicates its run with all shareholders in mind. However, more insider shares sold than bought last year, combined with their significant holdings, might concern investors.
AI Framework Ecological Summit 2023 will be held in Shanghai this Friday (16th). In Mainland China, stocks with AIGC concept, ChatGPT concept and AI chipmakers surged 2.5%-3.5%, way more than the increments of almost 0.2% and 0.8% in Shanghai Composite Index and Shenzhen Component Index. As to HK-listed AI concept stocks,$YIDU TECH (02158.HK)$logged the sharpest gain of 11.5% to $5.62.$CHINA LIT (00772.HK)$regained 8.7% to $34.95. $SENSETIME-W (00020.HK)$reverted ...
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