Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
Production of the two major mines in the Democratic Republic of the Congo (DRC) hit a record high in a single quarter, and the net profit of the Luoyang Molybdenum industry increased more than fivefold in Q1 | Financial Report Interpretation
① Luoyang Molybdenum's Q1 net profit increased more than fivefold; ② KFM and TFM production of the two major copper-cobalt mines in the Democratic Republic of the Congo (DRC) reached record highs in the first quarter.
Weekly preview | Tech giants set off a frenzy of results releases! Tesla, Meta, Microsoft, and Google are on the list one after another
US GDP for the first quarter and core PCE data for March will be released. China's April LPR will be announced on Monday; the Bank of Japan will announce the new interest rate decision on Friday.
[Data review] Northbound Capital reduced its positions for 8 consecutive days, and many Zijin Mining's low-altitude economy concept stocks were bought by institutions
① Zijin Mining received a net sale of 377 million yuan from northbound capital today. The stock has been net sold for 8 consecutive trading days. ② Low-altitude economy concept stocks such as Wanfeng Aowei, CITIC Haizhi, and Andarville were all bought by institutions. Among them, Wanfeng Aowei was bought by an agency over 70 million.
Following Goldman Sachs, Morgan Stanley also raised the target prices of CNPC and CNOOC
Morgan Stanley raised CNPC's target price from 6.5 yuan to 7.3 yuan, and raised CNOOC's target price from HK$18.18 to HK$19.8.
Expectations of interest rate cuts are cooling down and disrupting the global market. Where can it be expected to become a safe haven for capital?
Zheshang Securities believes that re-inflation trading is expected to continue, and industrial metals represented by copper still have room for further upward growth; although gold prices will also benefit from re-inflation trading, risk aversion is currently a more important influencing factor in gold prices.
Northbound Capital Purchase Report: Changan Auto received a net purchase of 435 million yuan
Northbound Capital made a significant net purchase of 2,022 billion yuan today.
Northbound Capital Purchase Report: Zijin Mining received net sales of 551 million yuan
On April 3, Northbound Capital had a net sale of 2,275 billion yuan throughout the day, which was a net sale for 2 consecutive trading days.
Hong Kong Stock Afternoon Review | The three major indices fell sharply, the science index fell more than 1%, and Xiaomi fell more than 3%; gold stocks rose against the market, and Zhaojin Mining rose nearly 6%
Auto stocks fell, with NIO falling more than 5%, and Xiaopeng Motors falling nearly 5%; most domestic housing stocks and property management stocks weakened, with Longhu Group falling nearly 3% and Sun Hung Kai Properties falling by more than 2%; many copper stocks rose, Minmetals Resources rose more than 5%, and Jiangxi Copper shares surpassed 3%.
At a time when Goldman Sachs is singing a lot of “three barrels of oil”: energy stocks are also leading the rise in the US stock market. What is the secret to the explosion?
① In recent days, a research report recommending buying CNPC and CNOOC to raise the target price of “three barrels of oil” attracted great attention from Chinese shareholders; ② In fact, the rise of energy stocks in the global market this year is nothing new.
Northern rare earth listing prices “stopped falling” in April industry: related to expectations of tightening rare earths supply|Industry News
① After experiencing “three consecutive declines” in listing prices in the first quarter of this year, the Northern rare earth listing price temporarily “stopped falling” in the first month of the second quarter; ② analysts believe that holding flat and falling in April is beneficial to stabilizing market sentiment; ③ it is reported that the month-on-month flat listing price in April is related to expectations of tightening rare earth supply.
Goldman Sachs recommended “three barrels of oil”. The research report confused shareholders, and they all mocked “I asked you how sad he was. Goldman Sachs bought CNPC”
Goldman Sachs gave the reason for the recommendation: strong dividend rates and potential share buybacks.
The “big jewelry merchants” behind the gold craze grab the limelight of “gold miners”: Lao Fengxiang's strong rise and stopped at record highs, and the stock prices of Chifeng Gold and Sichuan Gold fell short at high levels
① Spot gold reached a new record high, with retail prices of pure gold jewelry generally rising. On the A-share side, Lao Fengxiang closed the day and reached a record high; ② According to a brokerage research report, the stock price performance of gold and jewelry companies has been better since the current rise in gold prices; ③ sort out the list of listed companies that responded to the impact of the rise in gold prices on related businesses this month (attached table).
The product sales structure changed, and the net profit of Western Superconductor fell by more than 30% for the first time since its launch
① Western Superconductor announced the company's 2023 profit distribution plan: it plans to distribute a cash dividend of 7 yuan for every 10 shares to all shareholders, which is calculated to distribute a total of 455 million yuan. ② In terms of profitability, the last three annual reports show a downward trend in the company's gross margin. From 2021 to 2023, the company's gross margins were 40.83%, 39.45%, and 31.87%, respectively.
A quick look at the Hong Kong market | Hong Kong stocks rebounded collectively! The Ke Index rose more than 2%, with TechNet shares and auto stocks leading the way. Meituan rose more than 6%, and Zero Sports Auto rose nearly 14%
Gold stocks rose across the board. Lingbao Gold rose nearly 24%, and Zhaojin Mining rose more than 8%; Apple concept stocks generally rose; Gaowei Electronics and Ruisheng Technology rose nearly 6%, and Qiutai Technology rose nearly 2%; gas stocks had mixed ups and downs. Beijing Holdings fell more than 22%, and Xinao Energy rose nearly 4%.
Private equity leader Gao Yi's asset holdings revealed: Deng Xiaofeng, Feng Liu, and Qiu Guolu each made moves
① Gao Yi Linshan No. 1, managed by Feng Liu, held 3 shares of Baofeng Energy, Angel Yeast, and Shanghai Jiahua at the end of last year. ② Deng Xiaofeng's holdings cover stocks such as Zijin Mining, Wanhua Chemical, China Jushi, and China Aluminum. Although his holdings in Zijin Mining have been reduced for several consecutive quarters, the market value of his holdings is still 8.707 billion yuan.
The Q4 decline did not change the annual net profit situation of Quartz shares soared, and the “red envelopes” of 2 billion yuan had an impressive dividend rate | Financial Report Interpretation
① Driven by rapidly growing demand in downstream photovoltaics, semiconductor and other industries, Quartz's net profit in 2023 increased 3.78 times year-on-year. ② The company also introduced a high dividend and transfer plan that pays a cash dividend of 57 yuan for every 10 shares and increases 5 shares for every 10 shares. ③ The company's 2023 cash dividend per share reached 7 yuan. Currently, the dividend ratio is 8.43%, ranking third among all A-shares.
Overview of the Hong Kong market | The three major indices fell collectively. The Science Index fell more than 3%, the Science Network and Auto Stocks were sluggish throughout the day, Bilibili fell more than 9%, and Ideal Auto fell nearly 11%
Many shares of Science Network fell, with JD falling more than 5%, Meituan and Kuaishou falling more than 4%; gold stocks pulled back, Lingbao Gold fell nearly 6%, and Zhaojin Mining fell nearly 4%; semiconductor stocks continued to decline, with SMIC falling nearly 6%, and Shanghai Fudan and Huahong Semiconductors falling more than 4%.
China's Jushi: Glass fiber industry with no overcapacity, company capacity utilization rate remains 100% | Direct performance
① The decline in performance in 2023 is mainly affected by the decline in product sales prices due to weakening demand; ② Currently, the new production capacity in the industry is basically manageable. The company plans to start production lines at Jiujiang and Huai'an bases in 2024; ③ the company's coarse yarn products are increasing and expanding application fields such as automotive weight reduction, wind power, and photovoltaics.
Announcement Highlights: Xiaomi Q4's adjusted net profit increased 236.1% year on year; Xiaopeng Motor Q4's adjusted net loss decreased by 19.9% year on year
Li Ning's revenue in 2023 was 27.598 billion yuan, an increase of 7.0%; China Unicom's profit due to equity holders in 2023 was 18.7 billion yuan, an increase of 11.8% over the previous year.