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PDD's Temu Suspended in Vietnam Over Late Registration
Temu's Operations Suspended in Vietnam
Chinese Retailer Temu Told To Suspend Operations In Vietnam
Express News | Temu is registered to provide services in Vietnam.
Citibank has listed a favorite stock list for Chinese internet companies in the report titled "Major Moves".
Citigroup's forecast report on Chinese internet stocks in the first quarter of next year indicates the preferred picks: Stock│Investment Rating│Target Price Tencent (00700.HK)│Buy│573 Hong Kong dollars Meituan-W (03690.HK)│Buy│203 Hong Kong dollars Trip.com (TCOM.US)│Buy│73 US dollars jd.com (JD.US)│Buy│51 US dollars alibaba (BABA.US)│Buy│133 US dollars pdd holdings (PDD.US)│Neutral│125 US dollars netease (NTES.US)│Buy
Major bank rating | Citigroup: Maintains a positive outlook on Tencent, will include Trip.com and Meituan as core holdings.
Gelonghui, December 5 | Citigroup released a research report stating that in the fourth quarter of this year and heading into the first quarter of next year, they maintain a positive view on Tencent and include Ctrip and Meituan in their core holdings. The bank's preference ranking for e-commerce over the next two to three months will be jd.com, ali, and pdd holdings, considering the higher visibility of revenue and profit growth trends and the potential continuation of the exchange-for-new program. The bank also recommends adding netease and tencent music as defensive investment symbols, viewing full truck alliance as a choice for rapid growth, while ali pictures focuses on content. The bank stated that mainland internet plus-related companies are expected to exceed profit expectations in the third quarter of fiscal year 2024.
Express News | Temu has suspended its business operations in Vietnam. The official response is yet to be announced.
Citigroup: Future e-commerce preference rankings in the next two to three months will be jd.com (JD.US), Alibaba (BABA.US), pdd holdings (PDD.US).
Citigroup released a research report indicating a positive outlook on Tencent (00700.HK) for the fourth quarter of this year and moving towards the first quarter of next year. They have also added Trip.com-S (09961.HK) (TCOM.US) and Meituan-W (03690.HK) to their core holdings. In the next two to three months, the ranking of e-commerce preferences are JD-SW (09618.HK) (jd.com), followed by Alibaba-W (09988.HK) (BABA.US), and finally pdd holdings (PDD.US). The ranking takes into account higher visibility in revenue and profit growth trends.
U.S. stocks closed: all three major indexes hit new highs as Trump ignited a cryptos frenzy, while AI applications and the chip sector showed more bullish earnings reports.
1. Jerome Powell's wording was "just right", and the Dow Jones Industrial Average closed above 45,000 points for the first time in history; 2. AI applications and chip sectors once again showed bullish financial report news; 3. The CEO of the largest health insurance company in the usa was assassinated on the street; 4. Trump nominated an SEC chairman with a pro-cryptos stance.
TEMU aims to dethrone amazon.
Invade the enemy's territory.
Futu Morning Post | South Korea's president announced 'emergency martial law' late at night, stirring up the market; high-performance stocks collectively celebrate after hours! Marvell Technology, salesforce surged more than 10%.
Will the interest rate be cut in December? The Fed's voting members this year are "doing Tai Chi": regardless of cutting or not, interest rates should continue to decline; Nasdaq and S&P hit new highs again! Apple has risen for seven consecutive days to create a new historical high; Palantir rose nearly 7% to create a new historical high again, with the company's cloud computing service receiving a "highly authorized" certification.
The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
Hong Kong stocks morning report on December 4: The situation in south korea causes a huge shock in asset prices, while the trends of china concept stocks show divergence.
① South Korea's President Yoon Suk-yeol suddenly launched an emergency martial law, but Congress resisted and voted to reject it. ② The USA's labor market shows subtle changes: the number of job vacancies rebounds. ③ The number of CEOs leaving their positions in the USA this year has reached a record high. ④ Yen arbitrage trading is thriving, and the Bank of Japan is reaching for the "interest rate knife." ⑤ The three major US stock indexes had mixed results, with the Nasdaq and the S&P 500 index continuing to set new closing highs, while the trend of china concept stocks showed divergence.
U.S. stocks closed: The S&P reached a historic high for the 55th time this year, while the index of Chinese concept stocks had four consecutive days of gains.
① The S&P and Nasdaq hit new highs, but the momentum is weak; ② A "nightmare" occurred with the south korea etf; ③ Tesla's "bullish investors" announced they will no longer go ALL-IN; ④ Apple is assessing the use of amazon chips to train AI models.
The Information Reports Temu And Shein Delivery Providers Face Labor Complaints
Futu Express | Three senior officials from the Federal Reserve speak intensively! They maintain an open attitude towards the interest rate decision in December; the Nasdaq and S&P hit new highs together, with Morgan Stanley predicting the S&P will reach 6
Central bank: Starting from the statistics of January 2025, the newly revised narrow mmf (M1) statistical caliber will be applied; the USA ISM manufacturing data is better than expected, with weak demand but signs of easing; the increasing burden of USA debt raises concerns about fiscal sustainability.
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
US stocks closed: Chinese concept stock index 'three consecutive rises,' technology giants prop up NASDAQ, S&P to reach new highs.
① Technology giants continue to rise, with the S&P and Nasdaq hitting new highs; ② Musk's high salary once again rejected by a judge; ③ Super micro computer announces no inappropriate behavior found; ④ Intel CEO suddenly retires, reportedly forced out by the board of directors.
PDD Holdings Options Spot-On: On December 2nd, 102.52K Contracts Were Traded, With 1.51 Million Open Interest
On December 2nd ET, $PDD Holdings(PDD.US)$ had active options trading, with a total trading volume of 102.52K options for the day, of which put options accounted for 41.79% of the total transactions,
Unusual Options Activity: AES, HIMS and Others Attract Market Bets, AES V/OI Ratio Reaches 120.0
EST Dec 2nd Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options