CHINA MERCHANTS

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  • Weekly Recap | Tencent -6.33%, consensus target above spot

    Weekly Review·
    - Tencent Holdings ADR fell 6.33% this week to close at $ 49.41, underperforming the S & P 500 by 5.86 percentage points. - The company completed an 18 billion US dollar and 26 billion RMB long-term notes issuance and engaged in substantial AI chip procurement. - Institutional consensus rating remains a buy with a target price of $ 88.15, while the third-quarter financial results for fiscal year 2026 are scheduled for November 18.
  • Weekly Recap | Bilibili -4.19%, two straight days of 52-week lows

    Weekly Review·
    - Bilibili shares accumulated a 4.19% decline over the week, closing at 13.48 dollars and hitting a 52-week low for two consecutive days. - Despite the weak price performance, 32 covered institutions maintained a consensus rating of strong buy with a target price of approximately 26.00 dollars. - The company is scheduled to release its Q3 2026 financial results on November 12, as the market closely monitors whether the stock can stabilize near the 13.18 dollars support level.
  • China's January LPR remains unchanged for the eighth consecutive month: the 5-year LPR is 3.5%, and the 1-year LPR is 3%

    Wallstreetcn·
    - On January 20, the People's Bank of China announced that the Loan Prime Rate (LPR) remained unchanged for the eighth consecutive month, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5%. - The central bank's recent announcements indicate potential for rate cuts and reserve requirement reductions in 2026, with increased lending for innovative and agricultural projects. - The central economic work conference emphasized a moderately expansive monetary policy to promote stable economic growth and effective liquidity while supporting key sectors such as small businesses and technology innovation.