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In October, the retail sales of new energy vehicles hit a new high, with a consecutive four-month market share exceeding 50%. China Association of Automobile Manufacturers: It is expected to grow by nearly 40% for the whole year.
①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.
A glimpse ahead: The Chinese concept stock financial report season has begun! Tencent and Alibaba are the first to release their reports. Who is expected to sound the horn of a new round of "counterattack"?
Starting next week, a new round of financial reporting season for Chinese network technology stocks will officially begin. Star companies such as Tencent, alibaba, and Meituan will release their financial reports one after another. The capital markets once again focus on Chinese concept stocks, can this financial reporting season bring surprises to the market?
Specific subsidy plan released! Low-altitude sector expected to usher in a wave of orders.
The Ministry of Industry and Information Technology recently held the first plenary meeting of the leading group for the development of low-altitude industry, discussing and deploying the key tasks to promote high-quality development of the low-altitude industry. On the same day, the Shenzhen Transportation Bureau solicited opinions on the detailed rules for the implementation of "Several Measures to Support the High-quality Development of the Low-altitude Economy in Shenzhen". The draft for soliciting opinions proposes specific subsidy plans.
Daily Bull and Bear | Hang Seng Index maintains a volatile market, with a net inflow of 7 million Hong Kong dollars into good warehouses; Innovent Bio rebounds nearly 13%, with warrants rising more than 100%.
On Monday, the Hang Seng Index maintained a volatile market, closing up 0.30% at 20,567.52 points for the day, reaching a high of 20,633.58 and a low of 20,446.26 during the session.
Futu Morning Post | Countdown to the election! The panic index VIX is burning high and uncertainty is haunting the market nerves; Up nearly 13% after hours! Palantir raises full-year revenue guidance
Jpmorgan warns: If Trump wins on Wednesday, the Fed may pause the easing cycle as early as December; Will the US stock market hit new highs after the election? Jpmorgan: FOMO psychology boosts, S&P may hit 6100 points by the end of the year; US polls: Harris and Trump are neck and neck in key 'swing states'.
Traders reduce bets on Trump trades as emerging market assets rise.
As traders reduce their bets on Trump's victory, emerging assets surge significantly.
Year-end "sprint run": The automotive market is witnessing a resurgence of "price wars", with 70,000-level discounts becoming the norm.
① Zhiji Autos' latest car purchase rights announcement: From now until November 30, Zhiji Autos' entire range of new and old car owners will share a total of 1.1 billion purchase subsidies. ② A salesperson at a Huawei store told Caixin reporters that the Hongmeng Intelligent Travel policies in November have been adjusted compared to October.
Express News | Haitong Int'l: Raises Xiaomi's target price to 33 Hong Kong dollars, expecting a 35% year-on-year increase in adjusted net income in the third quarter to 6 billion RMB.
Daily Bulls and Bears | Tencent led the way in network technology stocks last Friday! Multiple bull certificates doubled in value; Hang Seng Index night futures closed at 20,490 points, with a total net outflow of over 55 million Hong Kong dollars from lo
As of last Friday's close, the market turnover was 141.483 billion Hong Kong dollars, with the total turnover of all warrant bull and bear certificates at 15.226 billion Hong Kong dollars, accounting for 10.8% of the market turnover, of which the bullish position accounts for 6.0% and the bearish position accounts for 4.7%.
Futu Morning Post | Super Heavy Week! The National People's Congress Standing Committee Meeting is coming, the critical moment of the US election showdown, the Fed leads the "Super Central Bank Week" debut.
US polls: Harris leads Trump by a slight advantage in the key 'swing states'; changing times! Nvidia will be included in the Dow, replacing Intel; Buffett sells stocks for the eighth consecutive quarter, Berkshire's cash reserves reach a new high.
In October, China's heavy truck market sales were approximately 0.063 million vehicles, with the industry performing averagely.
In October 2024, the sales volume of heavy-duty trucks in China was approximately 0.063 million vehicles (wholesale basis, including exports and new energy), an increase of 9% month-on-month, but a decrease of 22% compared to the same period last year, which was 0.0811 million vehicles, a decrease of about 0.018 million vehicles.
Weekend Reads | Understanding Hello Kitty means understanding pop mart as well.
In a sense, understanding the past of Hello Kitty is to understand the future of pop mart.
Taobao, jd.com, and pdd holdings are entering the Hong Kong market, with free shipping services as the breakthrough point.
①Some analysts pointed out that the penetration rate of e-commerce in the Hong Kong and Macao region is lower than that in the mainland, so there is still incremental space. ②The logistics implementation issues in the Hong Kong and Macao market mainly involve multiple aspects such as goods transit, local logistics distribution labor costs, and network layout costs.
Cui Dongshu: The transaction volume of the second-hand car trade in the first three quarters was 939.2 billion yuan, a year-on-year increase of 9%.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the development of the used car market in China has huge potential, driven by the national policy of replacing old cars with new ones.
Sudden Impact | Xiaomi's stock price rose more than 2%, reaching a new high for the year. In October, the delivery volume of SU7 exceeded 0.02 million units.
On the news front, Xiaomi Autos recently announced that in October, the delivery volume of Xiaomi SU7 exceeded 20,000 units, with a single-month delivery volume exceeding 0.02 million units for the first time, and it is expected to achieve the annual delivery target of 0.1 million units ahead of schedule this month.
Daily Bull and Bear | Hang Seng Index futures rose to 20,432 points, up 115 points; the trading proportion of bearish warrants slightly increased, inflow of light positions funds into Hang Seng Index, Tencent.
Overnight, hsi futures current closed at 20,432 points, up 82 points or 0.40%, with a high of 115 points.
Cui Dongshu: In September 2024, China's share of the global autos market will be 36%.
On October 31st, Cui Dongshu stated that the global autos sales in September 2024 reached 7.72 million units, a 4% year-on-year decrease, and an 8% increase from the previous month of August.
Stocks soar by about 4%! Xiaomi 15 phones officially went on sale today, with Goldman Sachs and Citigroup both raising their target prices.
On the news front, Xiaomi held a new product launch event on October 29, unveiling the new flagship "Xiaomi 15" series, and officially started selling the Xiaomi 15 series phones at 10:00 on October 31, starting at 4499 yuan.
Daily Bull Bear | Hang Seng Index night market slightly up, with a net inflow of 0.14 billion Hong Kong dollars to the good warehouse! Morgan Stanley: Tencent tests the low since mid-October, with market funds tending to deploy rebounds.
On Wednesday, the Hang Seng Index opened low and closed lower, ending the day down 1.55% at 20,380 points, reaching a high of 20,681 and a low of 20,270 during the day. Overnight, HSI futures current closed at 20,511 points, up 71 points or 0.35%, reaching a high of 130 points.
Futu Morning Post | Citigroup strategist talks about the 'Trump winning trade', a good opportunity to profit from the surge in US stocks; AI capital spending continues to expand! Microsoft, Meta both fell after hours.
USA Treasury Department's heavyweight quarterly refinancing announcement: Maintain long-term bond auction scale and guidance unchanged; the U.S. presidential election is undecided, the dollar hedging cost has risen to the highest since 2022; it will impact 3000 dollars next year! Goldman Sachs raises gold price expectations, stating that central bank demand expectations have quadrupled.