Merrill Lynch Hires $2.2 Billion Team From Morgan Stanley -- Barrons.com

Barron's13:06 ET

BGC Group to Launch Investment Bank-Backed FMX Futures Exchange

MT NewswiresSep 13 10:10 ET

DBS Vickers maintains a "market perform" rating for SD Gold with a target price of HKD 20.2.

Morgan Stanley has released a research report stating that it maintains a "synchronized with the market" rating on SD Gold (01787) with a target price of HKD 20.2. In terms of medium-term production prospects, the parent company, SD Gold Group, aims to achieve a gold production of 80 tons within five years. The management of SD Gold expects the listed company to make every effort to contribute to approximately 90% of the production. Morgan Stanley's report states that under the backdrop of rising gold prices, SD Gold continues to enjoy a strong profit trend. The company's production growth comes from three main sources: firstly, further resumption of operations in the Linglong Mine; secondly, the start of commercial production at the Cardinal project in Ghana; and thirdly, shareholding.

新浪港股Sep 13 03:25 ET

Largest U.S. Banks Will Catch a Break From Fed's Capital Rule Changes, KBW Says

MarketWatchSep 12 10:28 ET

Credit Suisse: The chairman of Brilliance China has resigned and no new chairman has been appointed, increasing uncertainty for future development.

Morgan Stanley released a research report stating that Brilliance China (01114) announced that Wu Xiaoan resigned as executive director, chairman of the board, nomination committee and remuneration committee under the board, and member of the committee for appointment of company executives due to other matters. The bank believes that considering Wu Xiaoan's age of 62 and his resignation as chairman, it is not completely abnormal. This change in senior management has indeed increased the uncertainty of the company's future development, such as the significant increase in cash return over the past 2 to 3 years (HKD 7.72 per share). The bank believes that Brilliance China's cash balance per share is about HKD 2.2 and is expected to have potential ties with the joint venture with BMW.

新浪港股Sep 12 04:49 ET

Deutsche Bank: Reiterates "shareholding" rating on Tencent, with a target price of HKD 450.

Morgan Stanley released a research report stating that it is estimated that Tencent Holdings (00700) will achieve a total domestic revenue of 5 billion RMB. This could be another milestone in Tencent's global expansion, reaffirming their 'shareholding' rating and 'top pick' status, and maintaining a target price of HKD 450. Morgan Stanley predicts that Tencent's first annual domestic revenue will be 5 billion RMB, based on the following assumptions: 1) Average DAU (Daily Active Users) of approximately 5 million, converted from pre-registration; 2) ARPU (Average Revenue Per User) of approximately 80 RMB per month. Morgan Stanley believes that launching both mobile and PC games simultaneously can also benefit game operations and users.

新浪港股Sep 12 04:48 ET