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One week preview | USA CPI, PPI data is coming! Powell and a group of Fed officials will speak intensively; The Chinese concept stock earnings season opens! Tencent, Alibaba performance will be announced soon.
China's financial data such as social zero, social financing, etc. will be released this week. The State Council Information Office will hold a press conference on the national economic situation; after the US election, the Bank of Japan will announce a summary of opinions from the October monetary policy meeting on Monday.
Express News | Alibaba: On November 7, spent approximately $6.5362 million to repurchase about 0.5241 million shares.
Semiconductor Manufacturing International Corporation: Consumer market recovery in downstream subcategories, layout of power device production capacity in response to new demand | Direct hit earnings conference
①Zhao Haijun, CEO of Semiconductor Manufacturing International Corporation, stated that the prices of some 12-inch nodes are good, the product mix is optimized, and the average selling price of the company in the third quarter increased compared to the previous quarter; ②It is expected to release approximately 0.03 million 12-inch wafers of monthly production capacity in the fourth quarter, and the capacity utilization rate and shipments will decrease at that time; ③Semiconductor Manufacturing International Corporation will accelerate the layout of power device capacity to fully support the development of the auto industry and the new energy market.
A Look Ahead: Tencent Q3 performance results are about to be released! Game revenue is expected to accelerate, video traffic sees healthy growth, how will the stock price perform this time?
After the Hong Kong stock market closed on November 13th Beijing time, Tencent is about to release its 2024 third quarter report. The market generally expects Tencent to achieve revenue of 167.746 billion yuan in Q3, a year-on-year growth of 8.49%; the EPS is expected to be 4.76 yuan, a year-on-year growth of 26.78%. The average target price set by institutions is 477 Hong Kong dollars, with the highest target price being 559 Hong Kong dollars.
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
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?