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Hong Kong Market Quick Look | The three major indices show mixed results, with the Tech Index down 0.93%; Semiconductors stocks have pulled back, with Semiconductor Manufacturing International Corporation dropping nearly 5%; the Currency ETF has risen, wi
Network Technology stocks declined, with KUAISHOU-W falling by 2.35% and Alibaba-W rising by 1.73%; Hong Kong Retail Stocks rose, with PRADA increasing by 4.92% and CHOW TAI FOOK rising by 3.82%; Digital Health stocks declined, with JD HEALTH falling by 3.15% and ALI HEALTH dropping by 2.16%.
Morgan Stanley raised Xiaomi's (01810.HK) Target Price to 62 yuan, expecting it to possibly exceed 100 yuan before 2030.
Morgan Stanley released a report stating that the launch of the Xiaomi-W (01810.HK) SU7 Ultra marks the beginning of its luxury car journey, and the launch of the second electric vehicle YU7 could also become an important positive catalyst this year. Meanwhile, the AIoT and Smart Phone sectors are showing positive momentum. The firm raised Xiaomi's Target Price from 45 yuan to 62 yuan, based on a non-IFRS PE of 40 times for this year. The firm expects Xiaomi's stock price to potentially break 100 yuan before 2030: according to the firm's analysis, with Xiaomi's electric vehicles and Smart Phone + AIoT + Internet Business as dual growth drivers.
Market Chatter: BYD Targets to Sell 50% of Vehicles Outside China by 2030
Hong Kong Stock Midday Review | The three indices had mixed results, with the Tech Index down 1.61%; semiconductor stocks weakened, with HUA HONG SEMI falling over 12%; some beverage Concept stocks rose, with ANDRE JUICE increasing by over 49%.
The Network Technology stocks weakened, KUAISHOU-W dropped by 2.91%, and NTES-S fell by 1.45%; the Hong Kong Retail Stocks rose across the board, with PRADA increasing by 4.08% and CHOW TAI FOOK rising by 3.82%; the Digital Health stocks declined, with JD HEALTH dropping by 3.55% and ALI HEALTH falling by 2.36%.
On May 9th, Gelonghui reported that Shanghai Ganglian E-Commerce Holdings released data indicating that today the price of Battery-grade lithium carbonate (in the morning session) remained unchanged from the previous day, with an average price of 65,700 y
On May 9th, Gelonghui reported that Shanghai Ganglian E-Commerce Holdings released data indicating that today the price of Battery-grade lithium carbonate (in the morning session) remained unchanged from the previous day, with an average price of 65,700 yuan/ton.
The Ministry of Industry and Information Technology is publicly soliciting opinions on the regulation of hidden door handles.
① The Ministry of Industry and Information Technology publicly solicited opinions on May 9 regarding the revision plan for the mandatory national standard "Safety Technical Requirements for Autos Door Handles"; ② This standard will fill the gap in regulations concerning hidden interior door handles and will focus on the potential escape and rescue risks of electric and hidden door handles.