CTC2410 CTC OCT4
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CTC OCT4 News
The Fed's interest rate cut is bullish for the Asia-Pacific market. What should Hong Kong stocks pay attention to? Multiple institutions are recommending dividend-paying stocks.
On the 18th local time, the Federal Reserve concludes its two-day monetary policy meeting and announces a reduction in the target range for the federal funds rate to 4.75% to 5%, a 50 basis point cut, marking the first rate cut by the Fed since 2020.
The Federal Reserve announces! 50 basis points cut, Powell's heavyweight statement!
The Fed's interest rate cut is finally here!
Institutions: Fed rate cuts are beneficial to emerging markets, and the focus of the Hong Kong stock market is on dividend stocks.
The United States is entering an interest rate cut cycle, and the investment community believes that bond investments can be deployed.
China Telecom Global Officially Launches AI and Security Innovation Centers
China Telecom Global Participated in the 9th "Belt and Road Summit"
Hong Kong stock concept tracking | Ministry of Industry and Information Technology's heavy document release! Which symbols will benefit from the mobile Internet of Things? (Attached concept stocks)
As of the end of July 2024, the number of mobile internet of things terminal users in China reached 2.547 billion households, accounting for 59% of the total number of mobile network terminal connections. The development of mobile internet of things has achieved significant results.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The "Notice" is based on the development pace of the mobile internet of things industry and the current situation of mobile internet of things applications in various industries, and clearly defines the development goals of mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, i.e. 4G networks with category 1 speed) and 5G (including NB-IoT, narrowband internet of things.
"City Review" Hang Seng Index holds at 17,000 points, sports stocks under pressure, lithium industry stocks rebound
Due to the decline of stocks beginning with the middle letter, the Hang Seng Index fell today (11th) and held the 17,000 level. The individual developments in the US stock market last night saw the Dow and Nasdaq falling by 0.2% and rising by 0.8% respectively. At the time of writing, the yield on 2-year US bonds fell to 3.563%, while the yield on 10-year US bonds fell to 3.61%. The US dollar index fell to 101.41. The presidential candidate held a televised debate. Dow futures fell by 165 points or 0.4%, while Nasdaq futures fell by 0.46%. The Shanghai Composite Index fell by 22 points or 0.8% to close at 2,721 points, while the Shenzhen Component Index rose by 0.4%. The total trading volume of the Shanghai and Shenzhen stock markets was nearly 4,
The Hang Seng Index fell 125 points, with Topsports down 16% and lithium industry stocks rebounding.
The market is waiting for US inflation data. US stock futures are soft, and Hong Kong stocks fell today. The Hang Seng Index opened 182 points lower, with the decline widening to 269 points at a low of 16,964 points. In the afternoon, the decline narrowed, with a total daily drop of 125 points or 0.7% to close at 17,108 points. The HSI Technology Index gained less than 1 point, closing at 3,450 points. The total trading volume of the market for the whole day was 105.785 billion yuan. Chinese tech stocks fell back, with Sinopec (00386.HK), CNOOC (00883.HK), and PetroChina (00857.HK) all down more than 2%.
Express News | Dawning Information Industry and Hainan Telecom signed a strategic contract.
In "Da Hang", CICC lists the top 20 total market capitalization of Chinese-funded stocks, adjusts the net profit forecast based on year-on-year growth rate (table).
CICC's report stated that, based on comparable caliber and denominated in Hong Kong dollars, the profits of overseas Chinese-funded stocks in the first half of the year increased by 2.3% year-on-year, accelerating from 0.2% in 2023, and outperforming A-shares. Internet e-commerce experienced high growth, while the export chain and metal were bright spots, with real estate and banks dragging down. In the first half of this year, the profits of overseas Chinese-funded stocks in the financial industry declined by 1.1% year-on-year (compared to a 2.7% drop in 2023), while the non-financial sector saw growth of 6.3% (compared to a 3.9% increase in 2023).
Express News | Minsheng Securities: Focus on investment opportunities in seven areas of the communication industry.
Express News | China Telecom and China Eastern Airlines Corporation have signed a strategic cooperation framework agreement.
Hong Kong stock market anomaly | China Telecom (00728) fell more than 4%, leading the decline in the telecommunication sector. Morgan Stanley said that the second quarter performance is mixed, and uncertainty in future business has increased.
The telecommunication sector as a whole is declining. As of the time of publication, China Telecom (00728) fell by 3.79%, to 4.31 Hong Kong dollars; China United Network Communications (00762) fell by 3.64%, to 6.1 Hong Kong dollars; China Mobile (00941) fell by 1.6%, to 70.85 Hong Kong dollars.
Express News | Wuxi Low Altitude Industry Development Service Company registered and established, with a registered capital of 30 million.
Citi lowers Hang Seng Index target to 19,800 points by the end of the year, with H-share preferred stocks including Tencent, GDS Holdings, PICC, and haier smarthome, and raises its view on the telecom sector to "shareholding".
Citigroup released a research report, stating that among the 451 A-share and H-share companies covered, 32% recorded better-than-expected first-half performance, while 36% reported lower-than-expected performance. Due to the slowdown in China's economic growth, it is not surprising that a higher proportion of companies underperformed in terms of performance, considering the growth in electricity demand and the purchasing managers'index. In terms of industries, considering the outperformance and dividend yield of Chinese telecommunications stocks, Citigroup has raised its view on telecommunications stocks from 'neutral' to 'shareholding'; however, it is concerned about declining sales volume and prices, and has downgraded its view on basic materials stocks from 'shareholding' to 'neutral'. The bank also maintains its 'shareholding' view on industrial, internet, and technology stocks.
Express News | The 2024 Low-altitude Economic Development Conference will focus on showcasing new achievements in industrial development.
CHINA TELECOM: 2024 INTERIM REPORT
Hong Kong stock concept tracking | Eleven departments jointly released to increase the proportion of Asia vets computing power! Investment and landing pace confirm the industry prosperity (concept stocks attached)
Recently, the Ministry of Industry and Information Technology and other eleven departments jointly issued a notice on promoting the coordinated development of new information infrastructure.
Express News | A series of reorganization cases, and the merger and integration of central state-owned enterprises is accelerating.