UBS Group recommends a "buy" rating for Sun Optical with a target price of HKD 77.

UBS Group released a research report stating that it rates Sunny Optical Technology Group (02382) as a "buy" with a target price of HKD77. The company has announced that it expects to have increased profits in the first half of the year due to the recovery in the mobile phone market and better product combinations, leading to increased sales volume and average selling price, which in turn leads to better profit margin. The company expects a mid-term surplus of RMB 1.048 billion to RMB 1.092 billion, significantly higher than the market expected RMB 0.859 billion, but in line with UBS' own forecast. Positive stock price response is anticipated.

新浪港股23:31 ET

What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)

This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.

Moomoo Breakfast USJul 21 05:36 ET

UBS Group: Maintains Buy rating on Pop Mart, target price raised to HKD 51.9.

UBS Group released a research report stating that it maintains a "buy" rating on Pop Mart (09992) and expects a positive response in stock price to the latest earnings report. The target price has been raised from HKD 48 to HKD 51.9. The company's earnings report indicates an expected revenue growth of no less than 55% year-on-year and a net income growth of no less than 90% for the first half of the year. The bank estimates that the revenue and net profit for the first half of the year will reach at least RMB 4.36 billion and RMB 0.895 billion, respectively, surpassing the bank's expectations of 11% and 22%. The bank pointed out that based on a 40-45% year-on-year revenue growth in the first quarter, the growth rate is expected to accelerate in the second quarter due to the diversification of product categories and strong overseas revenue.

新浪港股Jul 19 04:20 ET

Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.

Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.

Zhitong FinanceJul 19 01:22 ET

UBS Group: Latest employment data supports the Reserve Bank of Australia's rate hike next month.

The employment data in June in Australia reinforces the view of UBS Group that the Reserve Bank of Australia will raise interest rates by 25 basis points next month. UBS's opinion is contrary to that of some other institutions. In June, Australia added 50,200 new jobs, most of which were full-time positions. UBS believes that this data is stronger than the Reserve Bank of Australia's expectations. 'This is the last labor force survey report released before the RBA's monetary policy meeting on August 6th. This data removes one of the major downside risks to our expectation that the RBA will raise interest rates in August,' said George, UBS economist.

環球市場播報Jul 18 20:17 ET

The issuance of esg funds has sharply declined, reflecting the strong resistance of the market to ESG.

ESG fund issuance is quietly stagnating at some of the world's largest asset management companies. According to data provided by Morningstar Direct, companies such as BlackRock, Deutsche Bank's DWS Group, Invesco, and UBS Group's asset management departments have all reduced the number of new funds with ESG requirements. The data shows that as of the end of May this year, just over 100 ESG funds have been issued globally, with the industry expected to be far below recent levels. In contrast, 566 ESG funds were issued globally in the whole of 2023, which was lower.

環球市場播報Jul 18 14:09 ET