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New Buy Rating for China Hongqiao Group Ltd. (1378), the Basic Materials Giant

UBS and HSBC maintain Buy ratings for China Hongqiao Group Ltd., with price targets of HK$38.60 and HK$37.40, respectively. The stock closed at HK$32.00, with an analyst consensus suggesting a Strong Buy and a HK$36.30 average price target, indicating a 13.44% upside potential.

Tip Ranks·
HK
01378
+4.21%
Tip Ranks·
HK
01378
+4.21%

The Hang Seng Index opened 230 points higher, HSBC rose 1.8% to break a new high, and Zijin and Hongqiao both rose 3% | Hong Kong stock market opens

The Hang Seng Index opened 230 points higher this morning, reporting at 25,761 points. HSBC hit a new high, opening up 1.84% at HKD 116.1. Bank of China Hong Kong rose 1.22%, and major tech stocks generally increased, with Tencent, Alibaba, and Meituan all experiencing varying degrees of gains. Zijin Mining and China Hongqiao rose 3.5% and 3.31%, respectively. Leapmotor received an additional 2.15 million shares, with its stock price opening up 1.62%. Yesterday, northbound funds net bought HKD 791 million in Hong Kong stocks, with Meituan, Xiaomi, and Beike receiving net purchases of HKD 1.279 billion, HKD 1.009 billion, and HKD 647 million, respectively

Stheadline·
US
BABA
-0.78%
HK
09988
+2.32%
HK
09863
+1.75%
Stheadline·
US
BABA
-0.78%
HK
09988
+2.32%
HK
09863
+1.75%

The Hang Seng Index opened up 0.9%, and the Hang Seng Tech Index rose 1.02%

JD HEALTH rose over 3%, NIO rose over 2%, NetEase rose nearly 2%, and KUAISHOU, Alibaba, and others rose over 1%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at one's own risk

Wallstreetcn·
SG
NIO
+3.61%
US
NIO
-1.95%
HK
09866
+2.60%
Wallstreetcn·
SG
NIO
+3.61%
US
NIO
-1.95%
HK
09866
+2.60%

First Shanghai Securities Remains a Buy on Netease Inc (9999)

First Shanghai Securities analyst maintained a Buy rating on Netease Inc yesterday and set a price target of HK$256.74.TipRanks Cyber Monday Sale Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off Netease Inc has an analyst consensus of Strong Buy, with a price target consensus of HK$257.96.

Tip Ranks·
HK
09999
+4.20%
US
NTES
+2.11%
Tip Ranks·
HK
09999
+4.20%
US
NTES
+2.11%
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