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Citigroup Newsroom
Citigroup Options Spot-On: On May 6th, 59,926 Contracts Were Traded, With 1.88 Million Open Interest
Citigroup, SIX Group Unit SDX Team Up to Tokenize Private Market Assets
Citigroup: Downgraded COSCO SHIP PORT Target Price to HKD 5, Rating "Buy".
Citigroup released a Research Report stating that it has raised the core profit forecast for COSCO SHIP PORT (01199) for the fiscal years 2025 to 2026 by 2% to 5%, with the revised profit forecast for 2025 being 4% higher than the market consensus. The bank maintains a 'Buy' rating on COSCO SHIP PORT, with the Target Price adjusted from HKD 5.9 to HKD 5, mainly due to the bank's reduction of the long-term EBITDA forecast for 2025 to 2040 by 1% and an average increase in capital expenditure by 9%.
Citi: expects that Weichai Power's A-shares buyback will have limited impact on the stock price, lowering the Target Price to HKD 16.3.
Citi released a Research Report stating that Weichai Power (02338) first-quarter performance met expectations. Although the group announced it would use 0.5 billion to 1 billion RMB for stock repurchases in A-shares, the bank believes the amount only accounts for 0.24% to 0.49% of the group's Market Cap, and it is believed to have limited impact on short-term stock prices. The bank lowered its Target Price for H-shares from HKD 18.4 to HKD 16.3, maintaining a 'neutral' rating. The bank stated that it has adjusted the group's after-tax Net income forecasts for 2025 to 2027 downward by 12%, 4%, and 4% respectively, to reflect higher general and administrative expense ratios, and will adjust EBIT profit margin forecasts during the period.
Citi: Lowers the Target Price for FLAT GLASS to HKD 7.5, initiating a 30-day negative catalyst observation.
Citibank released a Research Report stating that due to the average selling price of solar glass being lowered, FLAT GLASS (06865) saw its net income drop by 86% year-on-year to 0.106 billion yuan in the first quarter. The group’s earnings have improved since a loss in last year's fourth quarter, and demand for solar glass in China has risen. However, Citibank believes that emergency installation demand is about to end, and market demand may decline in May. The bank maintains its "sell" rating, lowering the Target Price from 10 Hong Kong dollars to 7.5 Hong Kong dollars, and initiating a 30-day negative catalyst observation, anticipating that solar glass prices in China will further decline.
Overview of international financial hotspots last night and this morning _ May 6, 2025 _ Financial news
For more global financial News, please visit 24/7 real-time financial news. Market Close: US stocks closed lower on Monday, ending the 9-day rise of the S&P Index. On May 5, the top 20 trading amounts of US stocks: Skechers USA is about to be (Delisted), with a stock price increase of 24%. On Monday, China Concept Stocks fluctuated; Alibaba rose by 0.64%, while Taiwan Semiconductor fell by 1.61%. US Crude Oil fell by 2%, with OPEC+ June production increase expectations putting pressure. New York gold futures rose over 3%, returning to $3340. European stock markets have seen the longest consecutive rise since 2021, with trade and economic outlook improving. Macroeconomically, US hiring slowed down in April, affected by tariff concerns, and the USA rejected a complete exemption.
New York foreign exchange market: the dollar fell and trading was light due to uncertainty in USA trade policy.
As uncertainty surrounds USA trade policy, the USD has fallen against most G-10 currencies. Tokyo and London are closed for holidays, resulting in thin spot trading. The Bloomberg USD index has decreased by 0.2%, with Options Trading traders collectively increasing their Put exposure. According to DTCC data, the Options Trading volume is around 50% of the recent average level. USA President Donald Trump indicated that a trade agreement may be reached with some countries as early as this week. "Despite Bearish selling pressure on the USD being asymmetrical, the risk of this being a position unwinding against some G10 Forex currencies may persist," stated Citigroup strategist Daniel Tobon.
Citigroup Options Spot-On: On May 5th, 47,442 Contracts Were Traded, With 1.97 Million Open Interest
Trump's deceptive tariff strategies leave Powell trapped in a quandary.
Recently, retailer Jim Tackler in the Chicago area and Federal Reserve Chair Jerome Powell have found themselves with many similarities. Tackler stated that the turmoil over tariffs has pushed him into a crazy game of "who is the coward," leaving him completely unsure about how high the import taxes will ultimately be. The e-commerce website that Tackler operates just ordered a batch of "long socks worth $0.08 million." He expressed his concerns, saying, "Will the cost of these socks eventually rise to $0.2 million? If so, how am I supposed to do business?" When viewed on a larger scale, the problems faced by Powell are quite similar. If thousands of companies...
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