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Retail sales drive US stocks higher! The S&P 500 Index and the Dow Jones Industrial Average hit record highs intraday, and Chinese assets are surging across the board.
China's assets are exploding.
Investors in GDS Holdings (NASDAQ:GDS) Have Unfortunately Lost 72% Over the Last Three Years
Citigroup: Lower Hang Seng Index's year-end target to 19,800 points.
Recently, a report from Citigroup pointed out that H-shares listed in Hong Kong are more sensitive to the Fed's interest rate cuts, so they remain bullish on H-shares over A-shares. Citigroup has lowered its year-end target for the Hang Seng Index by 3% to 19,800 points and also lowered its mid-2020 target by 5% to 21,000 points.
Nomura: GDS Holdings-SW (09698) both sides of the Southeast Asia supply and demand will face more opportunities.
The target of gds holdings - SW(09698) is to achieve a maximum of 50% of the 1GW increment that the Malaysian government may release by 2025.
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.
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