US stock market outlook: US September non-farm data higher than expected! Three major futures indicators surge in a straight line; will Chinese concept stocks continue to climb? Morgan Stanley: If short positions cover, it will push up the upward trend.
Bank of America: China stock fund saw the second highest inflow scale in history in the past week; European Central Bank Governing Council: inflation is under control, concerns arise as labor market cools down; spirit airlines plunged 33% before the market, the company is discussing potential bankruptcy application terms.
Hang Seng Index rose 623 points to reach a high of more than two and a half years, with healthcare and chip stocks surging.
Hong Kong stocks continued to rise due to the stimulus from csi china mainland financials index. The Hang Seng Index opened 98 points lower, initially falling 288 points to a low of 21,824 points before reversing and reaching a high of 22,742 points, the highest in over two and a half years, closing at 22,736 points, up 623 points or 2.8%; the China Enterprises Index rose 242 points or 3.1%, closing at 8,156 points; the Hang Seng Tech Index rose 248 points or 5%, closing at 5,227 points. The total daily turnover in the market was 261.526 billion yuan. Chip stocks followed with Semiconductor Manufacturing International Corp (00981.HK) and Hangzhou Silan Microelectronics (01347.HK) rising by 29% and 30% respectively. As for other technology stocks, Alibaba (09988.
"Bull market leader" sends a heavy signal, market optimism continues to rise! Is a major trend about to emerge?
The brokerage sector has always been a barometer of bull markets. Today, brokerage stocks once again surged across the board, indicating that the market still holds a generally optimistic outlook for the future performance of the Hong Kong stock market.
New Oriental (09901) rose by 7.34%, bocom intl indicates that it maintains its leading position in international education.
King's Capital News | New Oriental (09901) is volatile and strong, as of the time of publication, up 7.34%, at HKD 64.35, with a turnover of 91.14 million Hong Kong dollars. On the news front, Bocom Intl issued research reports, believing that New Oriental still maintains its leading position in international education, with the education business steadily expanding. Although the expansion progress in the 2025 fiscal year may be slower than that of the 2024 fiscal year, it will continue to bring about profit margin optimization. The bank expects a compound annual growth rate of 24% for the education business revenue for fiscal years 2024-27, still maintaining a steady growth trend. Macquarie also stated that New Oriental's non-academic K9 business remains strong, with overseas exam preparation.
Bocom Intl: Maintains a 'buy' rating on New Oriental Education (09901) with a target price of 80 Hong Kong dollars.
bocom intl believes new oriental continues to maintain its leading position in international education, with the education business expanding steadily.
[Brokerage Focus] Bocom Intl maintains a buy rating on New Oriental (09901), citing its stable expansion of the education business.
King's Wealth News | Bocom Intl issued a research report stating that it maintains its previous expectations for the revenue growth rate of New Oriental (09901) in the first quarter of the 2025 fiscal year, with total revenue expected to increase by 33% to $1.46 billion, of which, the total revenue of non-East Buy business is expected to be $1.247 billion, a 33% year-on-year increase, within the company's guided range of 31-34%, compared to Visible Alpha's 31% / Bloomberg's 30.9%. The bank estimates the adjusted operating profit at $0.32 billion, net income at $0.26 billion, corresponding to an adjusted operating profit margin of 21.9%, and a net income margin of 17.7%, mainly driven by non-Eastern activities.
New Oriental Education & Technology Group (9901.HK): Education business remains steady, profit margin optimization should be sustainable.
We believe that New Oriental continues to maintain its leading position in international education, with a stable and steady expansion of its education business. Although the expansion progress in the 2025 fiscal year may be slower than that in the 2024 fiscal year, it will also continue to bring about profit margin optimization. We expect 2024-27.
Shares of US-listed Chinese Stocks Are Trading Lower as the Sector Pulls Back From Recent Strength. These Companies Rallied After the People's Bank of China Announced a New Stimulus Package Ahead of the Golden Week Holidays.
US stock market outlook: Three major futures indexes narrowed their pre-market declines, with most Chinese concept stocks weakening; Goldman Sachs is once again 'rooting' for the S&P! US stocks will see a big rise at the end of the year.
The Fed leads the way! The global rate cut pace is beginning to accelerate significantly; ongoing strikes at US ports lead to a sudden increase in inflation risks; Berkshire Hathaway plans to issue yen bonds for the second time this year, analysts say Buffett may be eyeing financial and shipping stocks.
Hang Seng Index fell by 330 points, mainland real estate stocks gave back gains, Meituan reversed the increase by 4%.
Hang Seng Index consolidated after six consecutive sharp rises stimulated by mainland financial measures. The Hang Seng Index opened high with a 40-point increase but then fell back. It once dropped 1,001 points to a low of 21,442 points, the afternoon decline narrowed significantly, closing down 330 points or 1.5% at 22,113 points; the China Enterprises Index fell 127 points or 1.6%, closing at 7,914 points; the Hang Seng Tech Index fell 178 points or 3.5%, closing at 4,978 points. The total turnover in the market for the day shrank to 310.344 billion yuan. Mainland real estate stocks retreated, Shimao (00813.HK), Sunac China (01918.HK), and Country Garden (00884.HK) all dropped by 21 points.
In "Dah Sing", the focus of China's fiscal efforts will shift from infrastructure to civil investment.
CSI China Mainland Financials Index released a report stating that in the second half of the mainland financial cycle, the contradiction of insufficient demand is prominent. At the end of September this year, the National Development and Reform Commission issued multiple policies, and the Central Political Bureau meeting further released positive policy signals, with the market responding positively. There is still room for loose monetary policy, but the necessity of increasing fiscal stimulus has become significantly higher in the context of deleveraging in the private sector. The bank believes that while strictly regulating the addition of new debts, accelerating the substitution of local existing debts, and addressing the issue of corporate debt defaults are beneficial for reducing the burden on relevant entities and stimulating economic vitality. The Decision of the Third Plenum of the 20th Central Committee of the Party points out that ensuring and improving people's livelihoods while developing is es
HSBC Research's investment rating and target price for Chinese internet stocks (table)
HSBC Research has published a research report on the investment rating and target prices for Chinese internet stocks as follows: Stock | Investment Rating | Target Price Tencent Holdings (00700.HK) | Buy | HK$500 -> HK$570 NetEase (NTES.US) | Buy | $100 -> $120 Meituan (03690.HK) | Buy | HK$172 -> HK$220 PDD Holdings (PDD.US) | Buy | $140 -> $183 JD.com (JD.US) | Buy | 3
China's assets across the board surged, with foreign institutions rushing to buy in frenzy.
Mark Mobius, known as the "father of emerging markets", recently expressed the view that under stimulus measures, the Chinese stock market is rejuvenated, with the intensity and timing of this round of stimulus exceeding expectations.
Express News | Market research institutions: Using history as a reference, Chinese stocks still have room to rise.
Goldman Sachs experts continue to be optimistic about Chinese concept stocks, reiterating that "this time is different" in trade with China, suggesting that the S&P may break through 6000 points by the end of the year.
Rubner stated that the recent mismatch between supply and demand in the US stock market has led to a downward market volatility. Large buyers of US stocks in listed companies were only "unblocked" for buybacks until October 25th this year, while the US stock market will experience seasonal rebound by the end of the year.
Here Is How Many Chinese ADRs Are Performing From the Past Week
Stock ETFs with abnormal movements! Pre-market trading led by China concept stocks ETFs! Leveraged 3 times to long FTSE China ETF surged over 18%, leveraged 2 times to long CSI 300 ETF surged over 12%.
On Wednesday, October 2nd in pre-market trading, US-listed Chinese concept stocks ETF led the gains, triple leveraged FTSE China ETF rose by 18.26%, double leveraged China internet-related stocks ETF rose by 14.14%, and double leveraged 300ETF rose by 12.29%.
haitong int'l: Recently, the policy stimulus has transformed into fundamental improvement but remains uncertain. Bullish on Meituan (03690.HK), Tencent (00700.HK), jd.com (JD.US), netease (NTES.US), pdd holdings (PDD.US), and new oriental (EDU.US) etc.
haitong int'l released research reports indicating that the Chinese Internet sector rebounded last week, with the hang seng tech index rising over 20% from September 23 to 27. During the same period, the Shanghai-Shenzhen China Internet ETF (KWEB.US) also increased by 25%. Looking back at the two rebounds in the industry over the past two years, it is believed that the prices of most stocks in the industry have not yet returned to pre-epidemic highs. Considering that the series of policies recently introduced by the authorities may not translate into driving forces for fundamental improvement anytime soon, haitong int'l recommends that investors adopt a bottom-up stock selection approach, focusing more on enterprise valuation and fundamental improvement, and paying attention to e-commerce, entertainment, and online travel.
Chinese concept stocks experienced a "short squeeze" with short sellers losing nearly $7 billion.
Despite the recent rise in Chinese stocks listed in the US, the short sellers are not eager to close their positions. If the market continues to rise, analysts expect a significant short squeeze to further boost stock prices.
Futu Morning Post | The situation in the Middle East has escalated! US oil and gas stocks rose; BlackRock raised Chinese stock ratings, Chinese assets fervent
China increases subsidies for electric vehicles, tesla is expected to achieve its first quarter sales growth this year; New carmaking forces show strong potential: Li Auto sets a new delivery record with 'Zhiling Xia', nio has delivered over 20,000 vehicles for 5 consecutive months.