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$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,800 Today
The central parity rate of the Renminbi is reported at 7.1274, down 54 basis points.
On October 18th, the central parity rate of the renminbi was reported at 7.1274, down 54 basis points from the previous trading day's rate of 7.1220. The European Central Bank announced a 25 basis point rate cut! On the evening of October 17th, Peking time, the European Central Bank announced that all three major interest rates were cut by 25 basis points, with the main refinancing rate, marginal lending rate, and deposit facility rate reduced to 3.4%, 3.65%, and 3.25% respectively, in line with market expectations. This is the third interest rate cut by the European Central Bank this year. Analysts say that the reason for the continuous rate cuts by the European Central Bank is the victory in the "anti-inflation battle" in the euro area, but the economy remains stagnant.
Top Gap Ups and Downs on Thursday: TSM, BX, ELV and More
Advisor John Hardin Joins UBS Private Wealth Management in Miami
UBS Group: Rated shk ppt as 'buy', with a target price of 102 Hong Kong dollars.
UBS Group released a research report stating that Shk Ppt (00016) has been included in the preferred stock list, believing that it is in a good position for the recovery of the residence market, benefiting from the continuous increase in rent, inflow of population, and the decrease in mortgage rates, giving a 'buy' rating with a target price of HK$102. The latest Policy Address proposes to further relax the LTV ratio for residences valued above 30 million yuan to 70%, and include investments in luxury homes worth over 50 million yuan in the new capital investment immigrant program. The government has also introduced measures to encourage the conversion of hotels and commercial buildings into student dormitories, which is believed to impact the Hong Kong real estate market and developers positively.
UBS Group: Maintains a 'buy' rating on China Pacific Insurance, with the target price raised to 33 Hong Kong dollars.
UBS Group released a research report stating they maintain a "buy" rating for China Pacific Insurance (02601), with the target price raised from HK$24 to HK$33. Assuming the future stock market remains stable, the bank expects a slowdown in net income growth for China Pacific Insurance in the fourth quarter, believing that this year's dividend per share will be HK$1.04, with a dividend yield of 4%. The report mentions that China Pacific Insurance forecasts a 60%-70% increase in net income for the first three quarters to 37-39 billion yuan, a year-on-year growth of 1.5 to 2 times, exceeding market expectations, benefiting significantly from the sharp rebound in stock market investment income; while the company's net income for the third quarter is expected to reach a new high, ranging from 12 billion to 14 billion yuan.
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