Henan's finance plans to issue 0.2 billion yuan in New Year consumption vouchers.

The Henan Provincial Government Press Office held a news conference on the policy measures to promote the "Opening Red" for the first quarter of the economy in 2025. The Henan Provincial Department of Commerce will focus on effectively boosting consumption, with three key initiatives in the first quarter: replacing old consumer goods with new ones, issuing new Spring consumption vouchers, and creating consumption scenarios. In key areas such as retail, Dining, cultural tourism, and Lodging, the provincial finance will issue 0.2 billion yuan of consumption vouchers, while also encouraging localities to follow suit in issuing consumption vouchers.

AASTOCKS41minutes ago

"Large Institutions" HSBC Research's investment rating and Target Price for domestic Aviation and OTA stocks (table).

HSBC Research has published a report evaluating investment ratings and Target Price for mainland Aviation and OTA stocks as follows: Stock | Investment Rating | Target Price (HKD) Air China (00753.HK) | Shareholding | 3.2 yuan Eastern Airlines (00670.HK) | Shareholding | 1.9 yuan Southern Airlines (01055.HK) | Hold | 3.4 yuan TRIP.COM-S (09961.HK) | Buy | 585 yuan → 608.4 yuan TONGCHENGTRAVEL (00780.HK) | Hold → Buy | 19 yuan → 21 yuan

AASTOCKS11:13

HSBC Research upgraded TONGCHENGTRAVEL (00780.HK) rating to "Buy" and raised the Target Price for Trip (09961.HK) to 608.4 yuan.

HSBC Research published a report indicating that China's Transportation Department expects total passenger flow during this year's Spring Festival period (from January 14 to February 22) to grow by 7% year-on-year, reaching 9 billion trips, setting a new historical record. However, Trip.com (09961.HK) pointed out that this year's ticket prices are relatively weak, with over 30% of domestic routes showing a year-on-year decline in ticket prices. HSBC Research anticipates that compared to Airlines, which will continue to be hampered by a rigid cost structure, OTAs (Online Travel Agencies) will be able to cash in Consumer more effectively through combinatorial conversions. On the other hand, the bank expects domestic ticket prices to remain weak, even during the

AASTOCKS10:44

Daily Bull and Bear | Is the "bear army" regaining the upper hand? Last Friday, the Hang Seng Index saw a significant increase in bear shares; Xiaomi's stock price hit a historic high, with a bull certificate earning a profit of 150%.

The Hang Seng Index night futures closed at 19,827 points, with a net Outflow of 58 million HKD from bullish positions and a net Inflow of 41 million HKD into bearish positions last Friday; the top five stocks with inflow from bullish positions are Xiaomi, Tencent, Alibaba, Hong Kong Stock Exchange, and BYD.

Futu News08:58

Daiwa Capital Markets has included JD.com (02618.HK), MINISO (MNSO.US), and Contemporary Amperex Technology (300750.SZ) in the "Buy" list.

The research report from Dahua Jixian indicates that market volatility is expected to be higher this year. There is uncertainty regarding whether USA President Trump will immediately impose tariffs on mainland goods starting January 20 when he is officially inaugurated, or whether he will impose a tariff of 60%. The firm has included Contemporary Amperex Technology (300750.SZ), JD.com Logistics (02618.HK), MINISO (MNSO.US), and PLOVER BAY TECH (01523.HK) on its 'Buy' list, as these companies are less affected by tariffs. At the same time, the firm has included Weimeng (02013.HK) on its 'Sell' list, with a rating in relation to SINOPHARM (010.

AASTOCKSJan 3 16:11

Citigroup raised the Target Price for Ctrip (TCOM.US) to $78, initiating a 90-day observation of positive catalysts.

Ctrip-S (09961.HK) (TCOM.US) will announce its last quarter performance at the end of February. Citibank released a research report estimating that Ctrip's last quarter performance will generally meet expectations, with adjusted profits slightly exceeding market expectations. As the industry's average daily hotel rates declined year-on-year as expected in the last quarter of last year, it is predicted that domestic revenue growth will remain in the low double digits, while the significant trend in outbound tourism and Trip.com is also expected to continue. Although maintaining a generally accepted accounting principles (GAAP) operating profit margin of around 21.5% for the fourth quarter of 2024 is constrained, Trip.com’s marketing expenses cannot be ruled out.

AASTOCKSJan 3 15:37