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Dahandaiwa downgraded Bilibili (BILI.US) to 'hold' with the target price raised to $28.5.
According to Daiwa's report, bilibili (09626.HK)(BILI.US) has increased by 97% in the past 30 days, significantly higher than the 40% increase of KraneShares CSI China Internet ETF. The valuation of the stock is equivalent to a forward price-earnings growth ratio of 4.6 times for the next year, exceeding the average of the past three years by 1.2 standard deviations and similar to the average of the past 5 years. Based on the volatility of the stock, it is believed that now is not the time to buy, as its fundamentals need to be verified over time. The bank has raised its earnings forecast for the stock by 24% to 52% for the next two years, mainly based on the improvement of its revenue mix and clear profit capabilities.
Futu Morning Post | Hang Seng Index's annual increase shines globally! Chinese stocks and funds are soaring overseas; Goldman Sachs cheers 'overweight' Chinese stock market! Can rise another 15%-18%.
Wall Street analysts are calling out: buying China is the most important market call right now, the csi 300 index could hit 6000 points within a year! Chen Maobo: Hong Kong's market cap has risen to 39.4 trillion Hong Kong dollars, expecting many companies to expedite their listing process in Hong Kong; With the "star effect" from Wall Street, the "China Dragon" etf is about to directly confront the seven giants of the US stock market.
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U.S. stock market morning session | September non-farm payroll data far exceeded expectations, with the three major indices opening higher before falling back slightly; most technology stocks rose, with AMD, tesla, and amazon up more than 2%.
As of press time, the Dow rose by 0.63%, the Nasdaq rose by 1.03%, and the s&p 500 index rose by 0.68%.