Express News | CITIC Group **** Guohua met with Tesla Vice President Snyder.

BreakingsFeb 14 19:12

Citic Securities Downgrades Fortinet to Add From Buy, Adjusts Price Target to $110 From $103

MT NewswiresFeb 13 23:27 · Ratings

In the "Large Banks," CICC lists the predicted changes in funds for individual stocks with significant increases and decreases in MSCI quarterly adjustments (table).

CITIC published a report stating that the MSCI Chinese Index will undergo quarterly adjustments, adding 8 stocks and removing 20 stocks. Among the Hong Kong-listed companies, J&T EXPRESS-W (01519.HK) will be added, while the 20 removed stocks are all A-shares. The changes will take effect after market close on February 28. The bank estimates that as a result of this adjustment, the weight of XIAOMI-W (01810.HK), J&T EXPRESS, BEIGENE (06160.HK), and KE Holdings (BEKE.US) will increase, ranging from 0.3% to 0.05%. Conversely, TENCENT (00700.HK) and CITIC.

AASTOCKSFeb 12 14:47

According to reports, the ByteDance Doubao large model team has launched a new sparse model architecture called UltraMem.

According to the Securities Times, as the scale of models expands, inference costs and memory access efficiency have become key bottlenecks limiting the application of large models. The ByteDance Doubao large model team recently launched a new sparse model architecture called UltraMem, which effectively addresses the high memory access issues during MoE inference, increasing inference speed by two to six times compared to the MoE architecture, and potentially reducing inference costs by up to 83%. This research also reveals the scaling law of the new architecture, demonstrating its outstanding scaling characteristics, surpassing MoE in performance. Experimental results show that the training scale reaches 20 million.

AASTOCKSFeb 12 13:16

In 'The Great Action', CICC lists the forecast of Chinese stocks whose performance last year may have exceeded expectations (table).

CICC published a report on Hong Kong Stocks strategy, based on an internal survey of industry analysts, compiling a list of stocks that they believe may exceed or fall short of future performance expectations from a bottom-up perspective. The firm advises investors to closely monitor these stocks during the annual report period, as exceeding performance expectations could impact stock prices. According to the viewpoints summarized from CICC's industry analysts, the following stocks may exceed market expectations from last year's performance: stocks potentially exceeding last year's performance consensus expectations by more than 10% │ Reason SITC (01308.HK) │ Exceeded expectations during last year's fourth quarter peak season JD.com Logistics (02618.

AASTOCKSFeb 12 12:59

Daily review of Asia credit bonds (February 12): The overall investment-grade market for Chinese dollar bonds is relatively stable, and CITIC has narrowed by 2bps.

Produced jointly by China-Thai International and Cai Lian She.

cls.cnFeb 12 11:05