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Lates News
13/05/2025
Barclays: Maintains MPLX (MPLX.US) rating, adjusted from hold to buy rating, target price adjusted from $55.00 to $52.00.
Latest
3 m ago
Yao Zhenhua and Baoneng Group have had 1.03 billion RMB in assets restored.
4 m ago
Citigroup: Raises Pinduoduo's target price to $165, Upgrades rating to "Buy"
4 m ago
Citigroup released a research report stating that the speed of tariff reduction and consensus reached between China and the United States is better than expected, which is beneficial for Chinese cross-border sellers and has a positive impact on the sales of Temu, an international e-commerce platform under Pinduoduo in the United States. The bank believes that the impact of the 30%+ tariffs on Chinese merchants is manageable, with some tariffs possibly being passed on to American consumers while some costs will be adjusted through advertising expenses and lower production costs in order to focus on selling higher quality products to achieve higher product prices. The bank mentioned that many sellers have already prepared 3 to 5 months of inventory in the United States, and therefore there may be a temporary mismatch between costs and selling prices, potentially leading to higher profits for Temu in the second quarter of this year than expected. Due to the reduced burden of tariffs, the bank has upgraded Pinduoduo's rating from "neutral" to "buy" and raised the target price to $165.
5 m ago
CICC International: Enhance the target price of SMIC (01347.HK) to HK$37 and maintain a "buy" rating.
6 m ago
Dior was exposed to a data leakage incident, and the official response is: to immediately start taking measures to control it.
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