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Wall Street bosses are optimistic about China Securities! Not only Bank of America and Temasek, but also these star funds have greatly increased their positions
① In the first quarter of this year, many foreign-funded institutions bought Chinese securities or related ETFs in a big way, showing their confidence in China's asset prospects; ② Chinese internet giants such as Pinduoduo, Ali, JD, and Baidu became their favorite targets.
Futu Morning Post | The four major voting committees of the Federal Reserve joined forces; Ali rose more than 7%, Citron said it is expected to rise above $100
This is the “king of quantification”! Renaissance Technology's Q1 has already amassed two major meme stocks; Reddit surged more than 11% after the market and formed a partnership with OpenAI; Walmart rose nearly 7%, and Q1 earnings exceeded expectations, and full-year performance expectations were raised.
US stock outlook | “Big bears” increase their holdings of Chinese technology stocks, strongly betting on JD and Ali; Meme shares continue to fall before the market
Before the Thursday market, the three major US stock indices rose slightly; the S&P 500 index broke through a new high! StockCharts: A technological shift points to a further rise; Adachi Insurance rose more than 7% before the market, and Buffett made a big position in the stock in the first quarter.
Goldman Sachs: Maintains Tencent Music-SW “Buy” Rating and Raises Target Price to HK$62.3
Goldman Sachs released a research report stating that maintaining the Tencent Music-SW (01698.HK) “buy” rating, the company's compound annual profit growth rate from 2024 to 2025 is 26%, and the target price is raised to HK$62.3. The company's first-quarter results beat expectations. Revenue was 2% and 3% higher than the bank's and market expectations, operating profit was 25% higher than the bank's expectations, and net profit was 12% and 11% higher than the bank's and market expectations, respectively.
The top four private equity firms revealed the “US stock report card”: Pinduoduo is still proud of Gao Yi and Gao Yi, but Jing Lin quietly reduced its positions
① The latest moves by Chinese private equity institutions such as Gao Yi, Gao Yi, Jing Lin, and Himalaya have recently been revealed; ② Overall, Chinese securities are still popular among Chinese institutions, especially Pinduoduo, and are also famous in the leading positions of Gao Yi, Gao Yi, and Jing Lin; ③ However, Jing Lin drastically reduced its holdings of Pinduo by 1.1 million shares in the first quarter, which is at odds with Gao Yu and Gao Yi's move to increase positions.
Bank Ratings | CCB International: Raising Tencent Music's Target Price to HK$66.3 to Maintain “Outperform the Market” Rating
GLONGHUI, May 16 | CCB International published a research report showing that Tencent Music's revenue for the first quarter of this year fell 3% year-on-year, which was better than market expectations, mainly due to a sharp increase of 43% year-on-year in online music service revenue during the period. Among them, the number of paying users increased 20% to 113 million, driving 39% growth in the music subscription business. It is expected that strong business performance and improving gross margin will continue into the second quarter, driving continued profit growth. The bank also said that the company announced its first annual dividend, describing it as being pleasantly surprised to raise the 2024-2026 profit forecast by 5% to 6%, and raise the target price from HK$47.6 to HK$47.6