"Great Wall" Bank of America Securities investment rating and target price for Chinese automakers (table).
Bank of America Securities released a research report on investment ratings and target prices for Chinese automobile manufacturers as follows: Stock | Investment Rating | Target Price xpeng (09868.HK) | Buy | HK$39 -> HK$61.2 xpeng (XPEV.US) | Buy | $10 -> $15.7 leapmotor (09863.HK) | Buy | HK$31 -> HK$40 zeekr (ZK.US) | Buy | $26 -> $30 byd company (01211.HK) | Buy
Dah Sing Bank's BofA Securities downgraded Changqi (02333.HK) to 'Neutral' while Dongfeng (00489.HK) was downgraded to 'Underperform the Market'.
BofA Securities released a research report adjusting the target prices based on the third-quarter performance and sales of China's automobile manufacturers, stating that in September, China's electric car wholesale volume increased by 42% year-on-year to 1.29 million vehicles, with an electric vehicle penetration rate reaching a historical high of 45.8%. As of October 7, the Ministry of Commerce had received 1.27 million applications for the old-for-new subsidy, with electric vehicles accounting for 60%. Expectations are that the strong momentum in electric vehicle sales can continue into the fourth quarter. BofA has adjusted the sales volume predictions for passenger vehicles in China for the next two years, with an increase of 0.1% and a decrease of 0.2% respectively, to year-on-year growth rates of 2.2% and 1.5%.
Hong Kong stock abnormality | The trend of auto stocks is weak, with significant differences still existing in the customs negotiations of electric vehicles between China and Europe. Xiaopeng denies compromising privately with the European Union.
Auto stocks are weak, as of the time of writing, xpeng-W (09868) fell by 2.99%, closing at 40.6 Hong Kong dollars; Brilliance Chi (01114) fell by 1.08%, closing at 2.75 Hong Kong dollars; Great Wall Motor (02333) fell by 0.76%, closing at 13.04 Hong Kong dollars.
DBS Maintains NIO Inc(NIO.US) With Buy Rating, Raises Target Price to $8
Futu Morning Post | The US economy remains strong! Expectations for a Fed rate cut this year suffered another blow; the Dow continues to hit record highs! Taiwan Semiconductor surges nearly 10% after earnings, with a market cap exceeding $1 trillion.
After hours, it rose nearly 5%! Netflix's Q3 revenue and profits both exceed expectations, with unexpectedly more paying users; Insider: Tesla's FSD has not yet been approved for entry into China, Musk has sought to obtain some data.
Hong Kong stock market morning report on October 18th: European Central Bank cuts interest rates by 25 basis points, with most popular China concept stocks experiencing declines.
①The European Central Bank announced a 25 basis point rate cut. ②US retail sales data for September exceeded market expectations. ③The three major US stock indexes rose and fell unevenly last night, with most popular China concept stocks falling. ④Spot gold and comex gold futures both hit historical highs. ⑤Israel confirmed that Hamas leader Sinwar was killed.
U.S. stocks closing: the three major indexes have mixed performance, with the Dow Jones continuing to hit new historical highs and Taiwan Semiconductor surging nearly 10%.
1. Most china concept stocks fell, with the Nasdaq China Golden Dragon Index dropping by 3.61%; 2. Meta collaborates with Hollywood's Blumhouse to develop an AI movie generation model; 3. Is "Optimus Prime" just a marketing gimmick? Tesla's official release video attempts to respond to doubts; 4. Nvidia hit a new intraday high at one point, but the closing gain narrowed to 0.89%.
NIO Inc Options Spot-On: On October 17th, 273.64K Contracts Were Traded, With 3.16 Million Open Interest
On October 17th ET, $NIO Inc(NIO.US)$ had active options trading, with a total trading volume of 273.64K options for the day, of which put options accounted for 34.35% of the total transactions, and
Unusual Options Activity: APO, AKAM and Others Attract Market Bets, APO V/OI Ratio Reaches 106.4
EST Oct 17th Afternoon Delivery - In the last two hours of trading, 9 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Shares US-listed Chinese Stocks Are Trading Lower Amid Continued Stimulus Uncertainty.
This Chinese EV Maker's Stock Is About To Make A Golden Cross
Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
Market Whales and Their Recent Bets on NIO Options
"Trade-in for New" subsidies boost the electric vehicle market, some car owners purchase orders from scalpers to enjoy discounts. | Frontline
1. Due to the application deadline for the national subsidy for trading in old for new, popular car models, consumers choose to purchase delivery orders nearing deadline. 2. In addition to the national subsidy, various regions also have overlapping application "consumer vouchers", some stores are considering issuing cross-regional invoices to help consumers enjoy discounts on car purchases.
Successively launching affordable electric vehicle models, european car manufacturers have started a "counterattack".
At this week's Paris Motor Show, european automotive giants such as Renault and its subsidiaries Dacia, Stellantis, etc. have successively launched affordable electric car models. The Renault Twingo E-Tech and Dacia Spring models are priced below 0.02 million euros each.
Hang Seng Index fell by 207 points, mainland real estate stocks declined, with Sunac China Holdings dropping by 27%.
The Hong Kong stock market rose before falling today. The Hang Seng Index opened high by 185 points, rose to 20,783 points with an initial increase of 496 points before the gains narrowed. It turned downward at midday, dropping in the afternoon session. At one point in the afternoon, it fell by 309 points to a low of 19,977 points, closing the day down by 207 points or 1% at 20,079 points; The HSI Technology Index fell by 52 points or 1.2%, closing at 4,349 points. The total turnover of the market for the day was 191.26 billion yuan. Mainland real estate stocks were under pressure, as Sunac China (01918.HK) raised approximately 1.19 billion yuan net through a rights issue with a discount of nearly 20%. Its stock price fell by 27%. Country Garden Holdings (02777.
Express News | Ministry of Commerce responds to China-Europe electric autos tariff negotiations: Significant differences still exist in the consultations.
Hit a new record high! In September, the sales volume of new energy heavy trucks reached 7883 units.
According to the latest data obtained by the First Commercial Vehicle Network, in September 2024, a total of 7,883 domestic new energy heavy-duty trucks were sold, an increase of 25% from August, and a year-on-year increase of 148%. The new energy heavy-duty truck market has maintained year-on-year growth for 20 consecutive months.
Express News | China assets etf and Chinese concept stocks strengthened in the night trading session, with 3 times long position on FTSE China ETF rising over 6%.
The European Commission is conducting price commitment negotiations separately with some car companies, and the China Machinery and Electronics Business Association has issued a statement pointing out the delay in the negotiation process.
The China Chamber of Commerce for Import and Export of Machinery and Electronic Products released a statement regarding the negotiation of price commitments between China and Europe, noting that relevant reports indicate that the European Commission, while negotiating with the Chinese side, is separately negotiating price commitments with some companies, which is said to shake the foundation and mutual trust of the negotiations, bringing disturbances to the consultations from both sides. Currently, the time for negotiation between China and Europe on price commitments is urgent, and negotiations will also divert resources, delaying the negotiation process. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products looks forward to the European side demonstrating the utmost sincerity in negotiations, and conducting further consultations with the aim of reaching price commitments with the Chinese side, reaching a solution acceptable to all parties as soon as possible on the basis o