Merrill Lynch: Lowers the Target Price for Peking Autos to HKD 1.8, reiterating the "underperform" rating.
Merrill Lynch Securities released a Research Report stating that based on the performance of Peking Automotive (01958) in the first quarter of this year, it estimates that the net profit attributable to the 51% stake in Beijing Benz has dropped by 17% year-on-year and sales have fallen by 9%, mainly due to increased discounts under intense competition. The bank has revised down its gross margin forecasts for the group from 2025 to 2027 by 0.3, 0.3, and 0.5 percentage points respectively, to reflect the expansion of discounts by Beijing Benz and BAIC's own brands, and has raised its profit forecasts for the respective years within the period by 14%, 8%, and lowered by 9%. With the projected price-to-book ratio adjusted to 0.22 times, the bank has lowered its Target Price from 2 HKD to 1.8 HKD.
Bank of America: Under the impact of Trump's tariffs, investor funds are shifting from US stocks to Europe and Japan.
In recent weeks, due to President Trump's erratic tariff policies, the stock markets in Wall Street and other regions have been affected by volatility. Strategists at Bank of America provided an explanation for where some of the capital flowing out of the United States might be headed. According to their data analysis, in the week ending April 30, there was an Outflow of 8.9 billion dollars from the US stock market. The strategists from this investment bank stated in a report to clients on May 1 that since the presidential election in 2024, for every 100 dollars flowing into the US stock market, 5 dollars have flowed out over the past three weeks. Meanwhile, according to data from this Wall Street bank, European stocks experienced an Outflow of 3.4 billion dollars during the same period.
Bank of America Options Spot-On: On May 6th, 101.69K Contracts Were Traded, With 3.06 Million Open Interest
Bank of America's (NYSE:BAC) Five-year Earnings Growth Trails the 16% YoY Shareholder Returns
Bank of America executives: The European market has limited capital attraction, while the USA is still more favored by capital.
The head of Bank of America's Europe, Middle East, and Africa (EMEA) markets stated that the recent surge of interest in the European market does not necessarily indicate the beginning of a long-term, structural change. The department's revenue grew by 23% in the first quarter, marking the best performance for the same period on record. However, Brian Weinstein believes there is not enough evidence to support claims that capital is being transferred en masse and permanently from the United States to Europe. Weinstein mentioned that many Institutional investors are taking a wait-and-see approach toward the European market. "Is there a structural change happening? No. It's just a small-scale Inflow into Europe." Bank of America in interest.
Credit Card Issuers Streamlining Digital Processes, Enriching Account Monitoring Options and Enhancing Credit Resources to Benefit Cardholders
loading...
105369335 : I am Xiaobai, you fell to 80, all in
Seraphicall : it could be for the worse as well
键盘侠是韭菜 : Is there a rate cut now? Then Powell wouldn't be able to handle the situation that blew up in May. Last time there was no rate cut, and this time there is even less reason to cut rates.
057特蓝不靠普 键盘侠是韭菜 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")