GMT EIGHT - OPPORTUNITIES IN CHINA

Zhongtai: Market confidence in equity markets has a window of repair, tightly grasp the opportunities in the non-banking sector's beta.

China-Thai Securities stated that the equity market is a situation of winning or losing. With the promotion of a series of regulatory policies, confidence in the equity market has entered a period of repair, tightly holding onto the opportunity of the non-bank sector's beta.

US manufacturing PMI rebounds strongly to 52.3, hitting a three-month high.

In May 2025, the preliminary value of the U.S. manufacturing Purchasing Managers' Index (PMI) rose to 52.3.

Major signal of recovery in demand for analog chips! Revenue of Analog Devices, Inc. (ADI.US) increased by 22%, performance outlook exceeds expectations.

The automotive and industrial demand has fully rebounded, with Analog Devices' third-quarter revenue and profit outlook surpassing Wall Street expectations.

Bitcoin breaks through the $110,000 mark for the first time! Institutional buying pressure and regulatory favoritism strengthen the "bull market logic".

Strategy led by Michael Saylor - the fund already holds over $50 billion worth of Bitcoin, and the company's demand for Bitcoin continues to grow, as well as more and more token hoarding institutions, are another driving force behind the rise of Bitcoin.

Famous doves at the Bank of Japan: There is no need to change the reduction of bond purchases program and hold a cautious attitude towards future policy paths.

Asahi Noguchi said that there is no need to make significant adjustments to the Bank of Japan's plan to reduce the scale of bond purchases. He also holds a cautious attitude towards the Bank of Japan's monetary policy path, partly due to the increasing economic downturn risks brought about by the global trade war.

Hong Kong stock market IPOs explode! Annual return rate of 18% outperforms Hang Seng Index. Foreign investors rush to acquire Chinese core assets.

The Hong Kong IPO market has revived this year, with a total fundraising amount of $9 billion from the beginning of the year until now. Although it is still lower than the peak of 2020, it represents a 320% year-on-year growth.

Hong Kong dollar interbank interest rates across the board are decreasing. The one-month interbank interest rate has dropped by 9 basis points to 0.66613%.

On May 22nd, the Hong Kong dollar interbank interest rates all decreased. Among them, the one-month interbank rate related to mortgage loans dropped by 9 basis points to 0.66613%, the lowest since June 21, 2022, falling for five consecutive days. The three-month interbank rate reflecting banks' funding costs also dropped to 1.70976%, the lowest since July 13, 2022.

"Bond Vigilantes" are back! Trump's tax cuts impact long-term US bonds, yields approaching a 20-year high.

In the world's largest bond market, investors are resisting President Donald Trump's tax cut plan.

Zhongtai: The dawn of the CRO and CDMO sectors has arrived. Actively seize the opportunity at the bottom.

Zhongtai Securities released a research report stating that the growth of the CRO and CDMO sectors excluding COVID-19 will continue to be stable in 2024, with a significant recovery in the first quarter of 2025. The turning point has arrived.

Incoming tariff pressure? NIKE, Inc. Class B (NKE.US) announce price increases on some products in the US.

Sportswear giant Nike plans to start increasing prices on some shoes, clothing, and sporting goods sold in the United States as early as this week.

US Stock Market Move | Q1 global vehicle sales rose by over 57% year-on-year. Niu Technologies Sponsored ADR Class A(NIU.US) surged over 14%.

As of the time of press, the stock has risen more than 14%, reaching $3.675.

Behind the lowering of performance outlook by the American retail giant Target Corporation (TGT.US): tariff impacts, soft consumer demand, and diversification controversies.

Due to significantly reduced consumer spending, as well as tariffs, diversification resistance, and diminished consumer confidence, Target Corporation has lowered its sales forecast.

Boeing Company (BA.US) reaches a key milestone after the "Production Cut" order: the maximum production limit of 38 737s per month.

Boeing is getting close to its key production goal of manufacturing 38 737 aircraft per month, which is the maximum production rate allowed by the Federal Aviation Administration in the United States.

Morgan Stanley decodes the catalyst for Tesla, Inc. (TSLA.US) stock price surging to $800: the game of AI and autonomous driving between China and the United States.

Daiwa stated that the core logic of Tesla's value lies in its "a series of cutting-edge startup business combinations" - including artificial intelligence big models, autonomous driving networks, humanoid robots, battery energy, energy storage, and other future potentials.

Financial Report Preview | Strong Growth in Industrial Sector to Resist Tariff Risks. Analog Devices, Inc.(ADI.US) Received Positive Ratings from Morgan Stanley and Citigroup Ahead of Earnings.

Yadno will release its second quarter earnings before the US stock market opens on May 22nd.

Contemporary Amperex Technology (03750) listed and received favor: transition to zero-carbon technology, market value surged to HKD 1.5 trillion in two days.

This year's largest IPO in the world, excluding the cornerstone subscription portion, was oversubscribed by as much as 30 times. The offering price was set at the upper limit of the IPO price range at 263 HKD. The global leader in zero-carbon economy, NINGDE Times (03750), which went public in Hong Kong, was highly favored by the market.

Pony.ai (PONY.US): Robotaxi revenue increases by 200%, breakthrough in mass production of L4 level autonomous driving emerges

Xiaoma Zhihang achieved a revenue of 102 million yuan in the first quarter of 2025, a year-on-year increase of 12%. Among them, the Robotaxi business achieved a revenue of 12.3 million yuan, a significant increase of 200% year-on-year.

A-share closing review | Three major positives boost morale! Shanghai Composite Index closes up for the third consecutive day, ChiNext Index closes up 0.83%, dividend stocks active.

On May 21st, A-shares continued to rebound, with the Shanghai Composite Index closing up for the third consecutive day. Overall, more than 3600 stocks in the market were in the red.

Energy company Matador Resources (MTDR.US) has a promising outlook, as Bank of America initiates a "buy" rating.

Bank of America recently initiated coverage of Matador Resources (MTDR.US) for the first time with a "buy" rating and a target price of $56.

Due to a sharp drop in exports to the US, South Korea's exports continued to decline on a year-on-year basis in the first 20 days of May.

Early trade data from South Korea shows that exports have fallen again this month, especially to the United States.

Latest

1 m ago

The death toll from the floods in Australia has risen to 4, with tens of thousands of people trapped.

2 m ago

Spot gold just broke through the $3290.00 per ounce level, with the latest price at $3289.88 per ounce, down 0.14% on the day; COMEX gold futures are currently at $3289.30 per ounce, down 0.17% on the day.

6 m ago

China Unicom established a satellite technology company in Shandong with a registered capital of 100 million yuan.

6 m ago

Amway Corporation: Sales and production volumes slightly decreased in April, but product unit prices steadily increased.

7 m ago

The financing balance of the two cities decreased by 21.09 billion yuan.

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