Are You Ultra-Rich, Rich or Merely Affluent? It Makes a Big Difference for Your Bank -- Heard on the Street -- WSJ
Weekly Buzz: Tech stocks hit high scores on ominous day
Market Mixed on Friday the 13th | Livestock
Express News | Morgan Stanley Investment Management- to Sell 50% Stake in Larus Holding
Express News | Morgan Stanley Infrastructure Partners Sells Höegh EVI Stake
Morgan Stanley: Assigns SJM HOLDINGS a "Shareholding" rating, Target Price 2.25 HKD.
Morgan Stanley published a research report stating that earlier SHUN TAK HOLD (00242) and SJM HOLDINGS (00880) announced a memorandum of understanding, in which SHUN TAK HOLD plans to sell its Hengqin property to SJM HOLDINGS for 0.546 billion yuan (approximately 0.584 billion HKD). SJM HOLDINGS has a Target Price of 2.25 HKD with a rating of 'Shareholding'. The report指出 (indicates) that these actions are strategically significant but have limited short-term effects. The company plans to convert the space into a three-star hotel, and the bank expects it to have 300 rooms, each with an area of 500 square feet, which means each room would be priced at 2 million yuan, but it still needs 18 more.
Express News | Morgan Stanley Set to Buy €900 Million of Santander Mortgages - Bloomberg News
Morgan Stanley Infrastructure Partners Sells Höegh Evi Stake
Morgan Stanley: Jiangxi Consumers purchasing mobile phones and tablets enjoy a 15% subsidy, and other provinces are expected to follow, with companies like Xiaomi Group being the main beneficiaries.
Morgan Stanley released a research report stating that Jiangxi Province has announced a subsidy of 15% of the final Fill Price for individual consumers who purchase Smart Phones and tablets at participating merchants, with each subsidy not exceeding 1,000 yuan. The firm pointed out that Jiangxi is the third province in mainland China to announce such a policy and believes that other provinces may follow suit. The firm stated that the subsidy policy will serve as a short-term Bullish catalyst for Smart Phone OEM production and the supply chain, and believes that Xiaomi Group (01810), Sunny Optical (02382), AAC TECH (02018), and BYD Electric will benefit.
Morgan Stanley: gave YANCOAL AUS a "Shareholding" rating, and raised the Target Price to HKD 39.93.
Morgan Stanley released a research report stating that YANCOAL AUS (03668) has been rated as "Shareholding", and the earnings per share forecasts for the fiscal years 2024 to 2026 have been adjusted by -6.6%, +0.8%, and +3.4% respectively. At the same time, the Target Price has been raised from HKD 37.71 to HKD 39.93. After incorporating new regional thermal and coking coal price forecasts, the profit forecast for YANCOAL AUS has been updated. The bank stated that the regional thermal coal price forecasts for 2024 to 2026 have been adjusted from USD 135, 120, and 115 per ton to USD 137, 135, and 125 per ton respectively.
Morgan Stanley: maintains CITIC SEC's "in line with the market" rating, Target Price 21.2 Hong Kong dollars.
Morgan Stanley has released a research report stating that it maintains a "Market Perform" rating for CITIC SEC (06030), with a Target Price of 21.2 Hong Kong dollars. CITIC SEC's cross-border Business will continue to be a strategic focus. Connecting investors to opportunities in both onshore and offshore markets and managing risks are important strategies for CITIC SEC. The demand in this area is continuously growing, the entry barriers are high, added value is differentiated, and it has the potential to generate a higher ROI. Morgan Stanley believes that although global brokers have established many franchises in Hong Kong, onshore Business generally lacks strength, and only a few domestic brokers have the capability to provide such complex services.
Thursday Ends in Index Declines | Wall Street Today
Bank Stocks Slip After CFPB Finalizes Overdraft Fee Rule
Servicetitan Soars 46% in Nasdaq Debut as IPO Well Received
Pimco: Banks' risk transfer tools may have "hidden" risks.
PIMCO urges caution regarding the rapidly growing Synthetic Risk Transfer (SRT) market. These tools are increasingly being used by banks to transfer risk and enhance lending capacity. Pimco portfolio manager Kris Kraus and others highlighted in a report this week that SRT should be treated with caution within the asset-backed financing sector, "because of its significant capital formation or hidden risks that are yet to be verified." Banks in Europe and an increasing number of Bank of America are using SRT, also known as significant risk transfer, to transfer loan review risks to investors, thereby freeing up capital for issuing new loans. Since last year.
"Person of the Year" Trump rings the opening bell at the NYSE, emphasizing that "the stock market is everything."
On December 12, the elected President Trump was named Time Magazine's Person of the Year for 2024, ringing the opening bell at the NYSE that day; Trump rang the bell with the CEO of ICE and the CEO of Time Magazine, along with the president of the NYSE, while the CEOs of companies such as Goldman Sachs and Citigroup were present; Trump promised an "unprecedented economy," planned to increase oil drilling to reduce inflation, and committed to lowering the corporate tax rate to 15%.
Market Falls Thursday, Producer Inflation Grows, and Tech Pulls Back From Records | LiveStock
Sector Update: Financial Stocks Lean Lower Premarket Thursday
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday as Traders Pull Back in Anticipation of More Inflation Data
Market Chatter: Nomura, Morgan Stanley to Launch Foreign Exchange Market Facility in India