10 Consumer Discretionary Stocks Whale Activity In Today's Session
EU Votes To Impose Tariff On China EVs, Beijing Warns On Harms
JPMorgan increased its shareholding in several Chinese companies including Xiaopeng.
JPMorgan significantly increased its investment in assets in China. In a single trading day, JPMorgan invested approximately 1.286 billion Hong Kong dollars in stocks of several large Chinese companies. According to data from the Hong Kong Stock Exchange, JPMorgan increased its shareholding in Xpeng by approximately 0.639 billion Hong Kong dollars, raising its shareholding from 4.57% to 5.35%. Additionally, it increased its investment in Kanzhun by approximately 0.138 billion Hong Kong dollars, raising its shareholding from 9.88% to 10.05%. The investment bank also increased its shareholding in Zijin Mining Group by 0.222 billion Hong Kong dollars, raising its shareholding from 6.98% to 7.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower as the Sector Pulls Back From Recent Strength. These Companies Rallied After the People's Bank of China Announced a New Stimulus Package Ahead of the Golden Week Holidays
Express News | Li Auto Down 2.3%, JD.com Down 3.1%, NIO Down 3.6%, Xpeng Down 3.8%
Deutsche Bank: xpeng is expected to maintain strong sales performance.
Analyst Bin Wang from deutsche bank stated in a report that xpeng is expected to maintain strong sales performance in the remaining time of this year. Wang pointed out that xpeng's delivery volume in September increased by 39% year-on-year, achieving the highest monthly delivery level since the company was founded, driven by strong market demand for the Mona M03 model. Wang estimates that xpeng will deliver 11,000, 15,000, and 20,000 units of the M03 model in October, November, and December respectively. The analyst maintains a buy rating on the stock and sets the target price.
