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In "The Big Bank", BOC International recommends investing in automobile stocks such as Xiaomi, Geely, and NIO Inc, and remains bullish on the long-term growth prospects of Li Auto Inc.
Bank of China International's research report pointed out that the overall stock prices of Hong Kong's automobile industry have still lagged behind various fundamental indicators since the beginning of the year, attributing the difference mainly to the market's pessimistic sentiment towards the macro market and the automobile industry. The bank indicated that entering the fourth quarter of this year, which is also the traditional peak season for automobiles, the overall industry valuation is expected to rebound significantly under the drive of strong product cycles and historically low valuations of contract manufacturers. The bank is bullish on Xiaomi (01810.HK), Geely (00175.HK), and Nio Inc (09866.HK), as for XPeng (02015.HK), despite the lack of short-term catalysts, it is still optimistic about its prospects.
Cui Dongshu, Secretary General of the China Passenger Car Association: The 'Autos to the Countryside' policy needs to be strengthened rather than suppressed.
In 2024, China's auto market retail achieved the expected strong start, followed by a sharp divergence between electric vehicles and gasoline vehicles. From January to August 2024, the retail sales of electric vehicles reached 6.01 million units, showing a relatively strong trend with a 35% increase, close to the 36% growth rate in 2023.
NIO Inc Options Spot-On: On September 16th, 106.86K Contracts Were Traded, With 2.76 Million Open Interest
On September 16th ET, $NIO Inc(NIO.US)$ had active options trading, with a total trading volume of 106.86K options for the day, of which put options accounted for 35.32% of the total transactions,
Express News | China concept stocks have mixed performances, with nio inc falling more than 2%.
US stock market preview | Three major futures show mixed trends, Apple falls more than 2% before the market; Has the expectation of interest rate cuts changed again? Multiple senior central bank journalists speak out: There should be a 50 basis point rate
Trump Media Technology Group's pre-market rose nearly 2%, Trump suspected of being targeted for "assassination attempt" again; Intel pre-market rose more than 1%, news said it received a $3.5 billion subsidy to produce chips for the U.S. military; U.S. stocks survived the "summer storm", but this time it all relied on "S&P 493".
Express News | Hang Seng Index rose by 0.31%, while Hang Seng Tech Index increased by 0.51%. Kuaishou surged by over 4%, Nio Inc rose by nearly 4%, and Xpeng rose by almost 3%. The Fed's expectation of a significant interest rate cut pushed the gold price to hit a new h