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Express News | China concept stocks and China assets ETF strengthened in the night session, with a more than 5% increase in the 3x long FTSE China ETF. Xpeng, IQiyi rose more than 4%, Zeekr, Nio Inc rose nearly 4%, Baidu, Bilibili, Alibaba rose more than 2%.
China A-Share Earnings Could See Notable Recovery in 1H
US stocks closed: Trump, Harris concept stocks rose together, Chinese concept stocks remained stable and rose.
1. The market is filled with a wait-and-see attitude, with all three major indexes collectively falling. 2. Trump's media technology group rebounded after hitting bottom. 3. Photovoltaic and clean energy concept stocks strengthened collectively. 4. Reports claim that Nvidia will distribute Super Micro Computer orders to other suppliers.
Both Retail Investors Who Control a Good Portion of Baidu, Inc. (NASDAQ:BIDU) Along With Institutions Must Be Dismayed After Last Week's 3.3% Decrease
Involving ten Hong Kong stocks! The Hong Kong stock exchange launched weekly stock options today.
According to the iFast Financial app, Hong Kong Exchanges and Clearing (00388) has introduced weekly stock options, with the majority being technology stocks including Tencent (00700), Meituan (03690), Alibaba (09988), BYD Company (01211), jd.com (09618), Hong Kong Exchanges and Clearing (00388), Ping An Insurance (02318), hsbc holdings (00005), Kuaishou (01024) and Baidu (09888). This series has been approved by the Hong Kong Securities and Futures Commission and is available for market participants to trade today (November 4th).
Bocom Intl lowered Baidu (09888.HK) target price to 108 Hong Kong dollars. Short-term search advertising revenue may be under pressure, valuation at historical lows.
Bocom Intl released a report stating that it expects Baidu-SW (09888.HK) (BIDU.US) core revenue to decline by 0.8% year-on-year in the third quarter, a smaller decrease compared to the previously revised 2.6%, mainly due to pressure on advertising business growth. It is expected that Baidu (including iQiyi) revenue will decline by 3% year-on-year, with an adjusted net profit margin of 19%. The report indicates that Baidu's core business revenue was further under pressure in the last quarter. In terms of advertising, the bank expects revenue to decrease by 4.4% year-on-year, lower than the previous adjustment of 3.6%, mainly due to continued soft demand from some industry advertisers, and AI search monetization has not yet begun at a large scale. In the cloud sector, it is still maintaining its double-digit growth.