One week outlook | Nvidia faces a "major test" with its financial report! Could become a key catalyst for the market; the US Federal Reserve's preferred inflation indicators will be released soon.
Looking ahead to the next week, in addition to nvidia's financial report, salesforce and dell technologies are also worth paying attention to. Pdd holdings, Meituan, trip.com, and other Chinese concept stocks will also release their latest performance. Nvidia will also showcase the latest progress of Blackwell at the Hot Chips conference.
Hong Kong Stock Opportunity Tracker | Xiaomi's second quarter revenue increased by nearly 30%, with a gross margin of 15.4% for autos; Latest exposure! Duan Yongping increased his holdings of Alibaba and Tencent.
cgn power's revenue in the first half of the year was approximately 39.377 billion yuan, a year-on-year increase of 0.3%; jd.com: as of August 20th, walmart no longer holds shares in the company.
Chairman Hou Xiaohai of China Res Beer's board of directors: It is expected that the beer sales volume for the whole year will continue to experience a single-digit negative growth. | Live coverage of the earnings conference
In H1 2024, China Res Beer's revenue slightly decreased by 0.5%, and net income increased 1.2%. The company claims that this is in line with its expectations. Chairman of the Board of Directors of China Res Beer, Hou Xiaohai, believes that it is unlikely that the annual beer sales growth rate will return to normal this year. Hou Xiaohai stated that even if the rumors of salary reductions become true, it will only affect a very small number of people, and the impact on the company's management team is only relative to 0.01% level.
Mid-day Overview | The ChiNext fell nearly 1%, mainland real estate stocks all declined, and new oriental fell nearly 12% after the performance announcement.
Network technology stocks fell back, JD.com fell more than 4%, bilibili fell more than 2%; contract research organizations stocks declined, Viva Biotech fell more than 3%, Wuxi AppTec fell more than 2%.
Midday Market Recap: Three major indices narrow their losses, electric vehicle stocks falling, xpeng down more than 5%.
The Hang Seng Index fell by 0.2%, the GEM index fell by 0.67%, and the State-owned Enterprise Index fell by 0.15%; the three major Chinese oil companies rose, China National Offshore Oil Corporation rose nearly 2%; beverage stocks weakened, nongfu spring fell more than 5%; ASMPT fell more than 15% due to poor mid-term performance.
DBS reiterated its target price for the Hang Seng Index at 20,300 points and included Ping An Insurance (02318) as one of the top ten Hong Kong stock picks.
Recently, DBS Bank released its outlook for the Chinese mainland and Hong Kong stock markets in the second half of the year. DBS believes that with improved liquidity, it is believed that Chinese stocks can rebound during the consolidation period of the domestic real estate market, with a 12-month target price of 20,300 points for the Hang Seng Index.