Latest news with #Huatai
Business Recorder
5 days ago
- Business
- Business Recorder
Tech shares drive Hong Kong, China stocks higher
SHANGHAI: Hong Kong and China stocks rose on Thursday, led by tech and artificial intelligence shares, as analysts said Hong Kong-listed tech firms remain under-represented in global AI investment portfolios. China's blue-chip CSI300 Index and the Shanghai Composite Index both ended 0.2% higher. Hong Kong benchmark Hang Seng added 1.1%. Huatai analysts pegged Hong Kong's equity market as a strategic asset for global investors seeking to diversify their portfolio and a potential hedge against US dollar volatility. Technology is a central investment theme, they said, adding Hong Kong remains under-allocated. 'As future gains in global productivity are expected to hinge on advances in artificial intelligence, the companies best positioned to lead this race are largely concentrated in the US and Hong Kong.' Tech stocks traded in Hong Kong gained 1.9%, tracking the overnight rise in Chinese ADRs listed in New York, while the onshore shares climbed 2.3%. China's CSI Internet Finance Index jumped 2.3% as investors shifted focus to fintech opportunities after Hong Kong passed a stablecoin bill last month. China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from US tariffs, a private sector survey showed. The CSI Rare Earth Index rose 0.8%, after a group representing auto suppliers in the US called for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.
RTHK
5 days ago
- Business
- RTHK
HK stocks end with strong gains on tech hopes
HK stocks end with strong gains on tech hopes The Hang Seng Index ended 252.94 points, or 1.07 percent, up at 23,906.97. File photo: RTHK Hong Kong and mainland Chinese stocks ended the day with gains on Thursday, led by tech and artificial intelligence shares, as analysts said Hong Kong-listed tech firms remain under-represented in global AI investment portfolios. In Hong Kong, the benchmark Hang Seng Index put on 252.94 points, or 1.07 percent, to end trading for the day at 23,906.97. Huatai analysts pegged Hong Kong's equity market as a strategic asset for global investors seeking to diversify their portfolio and a potential hedge against US dollar volatility. Technology is a central investment theme, they said, adding Hong Kong remains under-allocated. "As future gains in global productivity are expected to hinge on advances in artificial intelligence, the companies best positioned to lead this race are largely concentrated in the US and Hong Kong." Tech stocks traded in Hong Kong gained 1.9 percent, tracking the overnight rise in Chinese ADRs listed in New York, while the onshore shares climbed 2.3 percent. Chinese stocks closed higher, with the benchmark Shanghai Composite Index up 0.23 percent to 3,384.10. The Shenzhen Component Index closed 0.58 percent higher at 10,203.50. Combined turnover at these two indices stood at 1.29 trillion yuan, higher than 1.15 trillion yuan on the previous trading day. Shares related to media, entertainment and electronic information led the gains, while those in the food and bio-medicine sectors were among the biggest losers. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.17 percent to close at 2,048.60. China's CSI Internet Finance Index jumped 2.3 percent as investors shifted focus to fintech opportunities after Hong Kong passed a stablecoin bill last month. China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from US tariffs, a private-sector survey showed. The CSI Rare Earth Index rose 0.8 percent, after a group representing auto suppliers in the United States called for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production. (Reuters/Xinhua)
Al Etihad
6 days ago
- Business
- Al Etihad
Tech shares drive Hong Kong and China stocks higher
5 June 2025 08:40 SHANGHAI (REUTERS)Hong Kong and China stocks rose on Thursday, led by tech and artificial intelligence shares, as analysts said Hong Kong-listed tech firms remain under-represented in global AI investment blue-chip CSI300 Index and the Shanghai Composite Index both edged up 0.1% by the lunch break. Hong Kong benchmark Hang Seng was up 0.4%.Hong Kong's equity market offers strategic value for global investors, serving as a key option for diversifying portfolios and navigating the ongoing shift away from the US dollar, Huatai analysts said in a analysts said technology remains a central investment theme."As future gains in global productivity are expected to hinge on advances in artificial intelligence, the companies best positioned to lead this race are largely concentrated in the US and Hong Kong," they said, adding that Hong Kong remains shares traded in Hong Kong were up 0.9%, tracking gains in Chinese ADRs listed in New York overnight, while onshore tech shares climbed 1.0%.China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from US tariffs, a private sector survey showed on Thursday. The CSI Rare Earth Index rose 0.7%, after a group representing auto suppliers in the United States called for immediate action to address China's restricted exports of rare earths, minerals, and magnets, warning the issue could quickly disrupt auto parts production.
Yahoo
28-04-2025
- Business
- Yahoo
1 Wall Street Analyst Thinks Apple Is Going to $254. Is It a Buy Around $200?
Apple (NASDAQ: AAPL) is one of the most dominant companies in the world, and the world's most valuable brand, according to several research outlets. However, the company is far from immune from the current turbulence around tariffs and the broader macroeconomic headwinds. Much of Apple's components come from China, and the company was granted a tariff exemption by President Donald Trump. However, China is also a major consumer market for the company, and a weakening Chinese economy or backlash against U.S. brands there could also have negative implications for its business. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » With the company set to report fiscal second-quarter earnings next Thursday, Apple stock could be at a pivotal moment as the stock has been exceptionally volatile in recent weeks. Ahead of that report, one Wall Street analyst weighed in on the stock, seeing better times ahead. In a note last Tuesday, Huatai analyst Xie Chunsheng initiated coverage of the stock with a buy rating and a price target of $254, giving it an implied upside of 21%. Chunsheng noted that Apple earns a high market share in the premium hardware sector and expects it to grow its market share in hardware, building on its flywheel model where hardware gains lead to software revenue, which grows margins. The analyst also expects shareholders to benefit from continuing buybacks and dividends. While Apple seems to have dodged a bullet in the trade war, a global recession or economic slowdown would also be a problem for the company as its phones are ultimately discretionary purchases. In a down economy, consumers would delay new purchases or trade down. Apple stock also remains pricey at a price-to-earnings ratio of 33. The tech giant could gain on next week's earnings report as consensus estimates call for revenue to increase 4% to $96 billion and for earnings per share to increase from $1.53 to $1.61. Personally, I'd rather stay on the sidelines as I think the upside to the stock is limited, but the narrative around Apple stock could change quickly. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. 1 Wall Street Analyst Thinks Apple Is Going to $254. Is It a Buy Around $200? was originally published by The Motley Fool Sign in to access your portfolio
