Update: Kingfisher's Fiscal Q3 Sales to Meet Analysts' Expectations, Morgan Stanley Says
Morgan Stanley maintains a "shareholding" rating on Conch Cement with the target price raised to HKD 24.5.
Morgan Stanley released a research report stating that it has a 'shareholding' rating on Conch Cement (00914), and based on management's downward guidance for capital expenditures, the bank will also adjust the AH premium calculated based on market price to 35%, leading to an increase in the H share's target price from HK$21.9 to HK$24.5. In response to Conch Cement's year-on-year decline of 10% in clinker and cement shipments since the fourth quarter of this year, the bank has also downwardly revised its full-year shipment forecast. The forecast for 2025 to 2026 is expected to slightly decrease due to benchmark changes, thus Morgan Stanley has already reduced its earnings forecasts per share for Conch Cement in 2024 to 2026 by 7.7% and 6.4% respectively.
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Morgan Stanley Opens New Southeast Asia HQ in Singapore
Morgan Stanley (MS.US) has opened a new Southeast Asia headquarters in Singapore.
Morgan Stanley (MS.US) stated in a declaration that it has officially opened a new Southeast Asia headquarters in Singapore.
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Overnight News: US stocks closed higher, WTI crude oil rose by 2%, nvidia's stock rebounded and rose, usa auto manufacturers urge Trump to retain electric vehicle tax incentives policy.
For more global financial news, please move to the 24/7 real-time financial news. Market close: US stocks closed higher with the Dow Jones up 460 points, cyclical stocks and small cap stocks rose broadly. On November 21, the top 20 transactions in US stocks: pdd holdings' third-quarter revenue fell short of expectations, leading to a 10.6% drop in stock price. On Thursday, popular china concept stocks experienced mixed results, with taiwan semiconductor rising 1.5% and pdd holdings falling 10.6%. Crude oil in the USA rose 2% on Thursday as the market focused on the developments in the Russia-Ukraine conflict. On Thursday, gold prices increased by 0.7%, returning to the $2670 level, with most gold and silver mining stocks closing higher. Major European stock indices all closed up.
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morgan stanley expects that emerging markets bonds will benefit from a weaker dollar next year.
Morgan Stanley predicts that emerging market bonds are likely to benefit next year from increased inflows, as the dollar is expected to weaken and the performance of emerging economies will surpass that of the usa. Andrew Sheets, the head of global credit research at morgan stanley, stated that trading in south korea's government bonds has become significantly more convenient for foreign investors, which will provide considerable benefits to south korea in this trend. Morgan Stanley is also bullish on Hungarian forints and indian rupee bonds, and expects Mexican bonds to stand out in the latin american market. Morgan Stanley anticipates that the dollar and usa bond yields will decline next year, while also noting that if Trump implements tariff measures, it will only...
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