MS241220P126000
- 0.60
- -0.05-7.69%
Morgan Stanley Newsroom
Morgan Stanley: Reiterates KINGSOFT 'Shareholding' rating, raises Target Price to 41 Hong Kong dollars.
Morgan Stanley released a research report stating that it believes KINGSOFT's (03888) gaming business is performing strongly, and the renewed partnership between Kingsoft Cloud and Xiaomi brings considerable upward potential for market expectations regarding KINGSOFT. The firm reiterated its 'Shareholding' rating on KINGSOFT and raised the Target Price from HKD 36 to HKD 41. Morgan Stanley pointed out that gaming and cloud services collaboratively boost earnings estimates, raising KINGSOFT's earnings per share forecasts for 2025 and 2026 by 6%, which are 16% and 18% higher than market predictions, respectively, considering the current PE prediction of 17 times for 2025 to be attractive.
SpaceX's valuation has soared to 350 billion USD! Morgan Stanley is promoting a special loan to help employees profit from stock ownership.
As SpaceX's valuation reaches a historic high of 350 billion U.S. dollars, it not only pushes Musk's net worth to a new peak but also brings indirect benefits to Morgan Stanley.
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Morgan Stanley: raises WESTCHINACEMENT Target Price to HKD 1.5, CR BLDG MAT TEC to HKD 2.3.
Morgan Stanley released a research report stating that the Cement Industry has made adjustments following severe losses in the first half of the year, coupled with production control policies, which should help avoid overproduction of cement and enhance industry consolidation. The firm believes that leading cement manufacturers will benefit from new supply regulations and that cement will not be impacted by potential competition. Morgan Stanley noted that the construction starts and completions in the property sector may continue to decline next year. New Infrastructure and industrial investment may experience moderate growth, leading to weak demand for Building Materials in the later stages. Furthermore, leading manufacturers have become more cautious in their sales policies. The firm downgraded CR BLDG MAT TEC (01313) for 2024.
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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.
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