Goldman Sachs raised the target price of Meituan (03690.HK) to 212 yuan and raised pdd holdings (PDD.US) target price to 172 US dollars.
Goldman Sachs's research report indicates that following the mainland internet giants' consecutive release of third-quarter results next week, most companies' revenue is expected to meet expectations. Investors will shift their focus to the fourth quarter guidance due to policy changes in late September in the mainland, as well as management's comments on recent consumer trends, advertising technology advancements, AI cloud growth and capital expenditure investment, how companies are dealing with cross-border business under potential US tariffs, and any updates on shareholder return policies. The bank remains bullish on large-cap companies in the industry such as Tencent (00700.HK), as well as the e-commerce sector, including Alibaba (0998).
Futu Morning Post | The Fed cut interest rates by 25 basis points as scheduled! The financial markets are all celebrating, with the S&P and Nasdaq hitting record highs; Chinese concept stocks are all booming! Foreign institutions believe it is a good time
USA inflation concerns resurface! Labor costs unexpectedly surged in the third quarter; Trump triggers a frenzy in ETFs, with risk asset ETFs attracting 16 times the daily average inflow; Nvidia's stock price hits a new high, with a total market value exceeding 3.65 trillion US dollars, receiving a "buy" rating reaffirmed by Goldman Sachs.
Hong Kong stocks morning report on November 8: The Federal Reserve cut interest rates by 25 basis points, and guangzhou automobile group's cumulative sales volume in the first ten months decreased by over 17% year-on-year.
1. China Securities Regulatory Commission Vice Chairman Li Ming: The foreign shareholding limit for foreign securities fund futures companies has been lifted. Foreign institutions will receive national treatment in terms of business scope and regulatory requirements. 2. The Federal Reserve cuts interest rates by 25 basis points, marking the second consecutive rate reduction. 3. The People's Bank of China has suspended gold shareholding increases for the sixth consecutive month. 4. Zhong Shanshan has been the richest person in mainland China for four consecutive years.
US stocks closed: S&P, Nasdaq hit new historical highs again, china assets are on the rise and strong.
1. As the Fed cut interest rates as scheduled, US stocks and treasuries rose in coordination; 2. Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index up 3.5%; 3. Trump Media Technology Group plunged 22%; 4. After releasing financial reports, Qualcomm opened high and then traded low, while Arm opened low and then traded high.
PDD Holdings Options Spot-On: On November 7th, 186.45K Contracts Were Traded, With 1.61 Million Open Interest
On November 7th ET, $PDD Holdings(PDD.US)$ had active options trading, with a total trading volume of 186.45K options for the day, of which put options accounted for 16.35% of the total transactions,
Shares of US-listed Chinese Stocks Are Trading Higher Amid Potential Hopes of a China Economic Stimulus Following Trump's Election Victory.