With 53% Institutional Ownership, Full Truck Alliance Co. Ltd. (NYSE:YMM) Is a Favorite Amongst the Big Guns
Futu Morning News | Federal Reserve Board Director Waller: The time has come and he is open to a larger rate cut. The US election is heating up! The first debate of the "Hart" becomes the focus.
Goldman Sachs: The leadership of the Federal Reserve believes that a 25 basis point rate cut in September is the baseline scenario; Deutsche Bank: Non-farm 'cliff-like' turn negative is the beginning of an economic recession; Nasdaq fell 5.77% last week, Broadcom had its worst single-day performance in over 4 years.
U.S. stock market outlook | Tesla's pre-market trading rose nearly 1%, with August sales in China reaching the best performance of the year; Nvidia plans to expand software and datacenter offerings, providing AI one-stop services.
The Big Short on Wall Street: If the non-farm is strong enough, the laggards of the US stock market are expected to catch up; Informed sources said that WeChat and iPhone do not need to 'choose one out of two', but the 'apple tax' game is still ongoing.
Major bank rating | Citi: Chinese internet stocks bullish on Tencent, also optimistic about Meituan and Ctrip.
On September 3, Glodog issued a report stating that the profit growth rate of mainland internet stocks in the second quarter of this year exceeded the revenue growth rate. It is believed that the revenue for this quarter may fall below expectations due to macro challenges and companies' proactive reduction of subsidies to focus on quality returns. This in turn supports more companies to achieve stronger profit growth. Several companies significantly accelerated their buybacks in the second quarter, which helps to reassure investors of management commitments and support confidence in future growth prospects. The bank pointed out that Tencent is still the bank's top choice among domestic internet stocks in the second half of this year, and it is also bullish on Meituan and Ctrip's related service business. The bank is also optimistic about Manbang's growth potential.
Citigroup lists the favorite stocks of Chinese Internet companies (table) in 'Da Hang'.
Citibank's report stated the list of popular Chinese internet stocks: Stock │ Target Price Tencent (00700.HK) │ 527 HK dollars Meituan-W (03690.HK) │ 155 HK dollars Trip.com (TCOM.US) │ 66 US dollars Tencent Music (TME.US) │ 15 US dollars Full Truck Alliance (YMM.US) │ 12 US dollars Zhejiang Century Huatong Group (002602.SZ) │ 6.5 yuan RMB
Express News | Citigroup: Chinese internet companies are expected to continue reducing subsidies to improve profitability, with Tencent as the preferred stock.