Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing

Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.

Futu NewsJan 6 16:30

After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."

Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.

cls.cnJan 6 23:30

Merrill Lynch has lowered the Target Price for JD.com Logistics (02618.HK) to 18 yuan and reduced last year's non-IFRS net profit forecast by 3% reflecting investments from the previous quarter.

Bank of America Securities released a report indicating that it has lowered the forecast for JD.com Logistics' (02618.HK) non-International Financial Reporting Standards (non-IFRS) net profit for last year by 3%, reflecting the investments made in the fourth quarter of last year and assuming higher outsourcing costs. However, it simultaneously raised the earnings per share forecast for the company for this year and next year by 2%, expecting that investments will gradually generate more revenue. The firm believes that following JD.com Logistics management's decision to lower the growth outlook due to a high base in the third quarter earnings briefing, sell-side expectations have decreased, but the firm still believes that management's annual guidance is conservative and decides to maintain a profit forecast for last year's fourth quarter that is higher than the guidance, at 1.82 billion yuan.

AASTOCKSJan 6 14:12

[Brokerage Focus] Citigroup maintains a "Buy" rating on JD.com (09618), expecting it to benefit from the continuation of the trade-in program.

Jingwu Financial News | Citigroup's Research Reports indicate that JD.com (09618) had a Net income of 28.22 billion yuan in 2022, with a diluted EPS of 17.744 yuan, an EPS growth rate of 64.7%; in 2023, the Net income is projected to be 35.2 billion yuan, with an EPS of 22.205 yuan, a growth rate of 25.1%; for 2024, the expected Net income is 44.242 billion yuan, with an EPS of 28.785 yuan, a growth rate of 29.6%; for 2025, the expected Net income is 47.283 billion yuan, with an EPS of 31.205 yuan, a growth rate of 8.4%;

Jinwu Financial NewsJan 6 13:59 · Ratings

JD.com Logistics (02618.HK) fell nearly 7%, reaching a low not seen in over three months, after Morgan Stanley and Citigroup downgraded the Target Price.

JD.com's Logistics (02618.HK) reached a low of 11.94 yuan today, marking a more than three-month low, further filling in the upward gap from late September. Currently reported at 11.98 yuan, down 6.84%, with a transaction volume of 8.6633 million shares, involving 0.107 billion yuan. Morgan Stanley issued a report, lowering JD.com's Logistics (02618.HK) profit forecast for last year by 10%, reflecting increased investments. Considering the increased shareholding ratio after the acquisition of the remaining equity of Cross Express, profit forecasts for this year and next year were raised by 2% and 5%, respectively. The Target Price was lowered from 13.1 yuan to 11.6 yuan. The rating is "In line with the market." Citibank also lowered its forecast.

AASTOCKSJan 6 13:51

Henan's finance plans to issue 0.2 billion yuan in New Year consumption vouchers.

The Henan Provincial Government Press Office held a news conference on the policy measures to promote the "Opening Red" for the first quarter of the economy in 2025. The Henan Provincial Department of Commerce will focus on effectively boosting consumption, with three key initiatives in the first quarter: replacing old consumer goods with new ones, issuing new Spring consumption vouchers, and creating consumption scenarios. In key areas such as retail, Dining, cultural tourism, and Lodging, the provincial finance will issue 0.2 billion yuan of consumption vouchers, while also encouraging localities to follow suit in issuing consumption vouchers.

AASTOCKSJan 6 13:10