HSI Gains 224 Points at Noon; BABA-W and MEITUAN-W Surge; MINIMAX-WP Jumps 30%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
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Source: aastocks
Market Performance: The HSI rose by 224 points (0.9%) to 26,456, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD168.375 billion.
Regulatory Investigation: China's State Council's Anti-Monopoly and Anti-Unfair Competition Committee is investigating the food delivery platform service industry, impacting companies like MEITUAN-W.
Tech Stock Rally: AI and software stocks surged, with notable increases in companies like BIDU-SW and KUAISHOU-W, as anticipation builds for a new AI model release.
Automotive Market Outlook: The China Passenger Car Association forecasts flat sales for the car market this year, with several major carmakers experiencing declines in stock prices.
Analyst Views on 00020
Wall Street analysts forecast 00020 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00020 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 2.480
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Current: 2.480
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
