GMT EIGHT - OPPORTUNITIES IN CHINA

Guotai Haitong: Real estate has limited impact on listed insurance companies, non-financial sectors are ready to take off.

The bank continues to be optimistic about investment opportunities in the non-banking sector, especially for varieties that benefit from residents entering the market.

China Galaxy Securities: The long-term bullish trend in the communications industry is expected to continue. We recommend focusing on investing in four major sub-sectors.

This line suggests focusing on the investment directions of technology innovation leading to over-expectations, including operators, optical communications, satellite Internet, and quantum technology.

National Bureau of Statistics: Manufacturing PMI in November was 49.2%, a month-on-month increase of 0.2 percentage points.

In November, the Purchasing Managers' Index (PMI) for the manufacturing sector was 49.2%, an increase of 0.2 percentage points from the previous month, indicating a slight improvement in business conditions.

Goldman Sachs survey: 70% of respondents bullish on gold prices, 30% expect it to surpass the 5000 milestone next year.

According to a survey by Goldman Sachs, many institutional investors believe that gold will reach a historical high of $5,000 per ounce before the end of 2026.

Macau Monetary Authority: Macau banks' funding costs generally declined in the third quarter. As of the end of September, the Macau dollar composite interest rate was 1.21%.

Statistics released by the Monetary Authority of Macau showed that in the third quarter of 2025, the funding costs of Macau banks generally decreased.

Is the global car market's "East rising, West falling" trend now a certainty? Q3 report reveals the secret of China's automotive enterprises' rise.

From the third quarter report, we can see the changes in the global automobile market. Chinese car companies have shown stable performance, while overseas giants are facing pressure on growth.

Macao: The overall industry added value in October increased by 8.2% year-on-year. The added value of the tertiary industry was 365.88 billion Macau patacas.

According to data from the Macao Statistics and Census Service, as the Macao economy continues to recover, the total value added of the overall industry in Macao is expected to increase by a significant 8.2% annually to 384.54 billion Macao patacas by 2024.

Market "big clean-up" complete! Goldman Sachs: volatility falls + stock market breadth improves US stocks enter December with a clearer pattern

Goldman Sachs trading department pointed out that although the S&P 500 index ended November basically flat, with the decline in volatility, improvement in market breadth, and trend-following strategies turning buyers, the road ahead has become clearer.

Stagnation of energy prosperity brought by AI: Why are US utility stocks falling?

Those companies that have recently seen their valuations repeatedly reaching new highs are gradually returning to rational valuation ranges, as the market realizes that the actual scale of their anticipated large-scale data center business may not meet expectations.

"Black Friday" is truly happening! The Chicago Mercantile Exchange suddenly crashes, leaving global traders collectively dumbfounded.

The Chicago Mercantile Exchange has always prided itself as the "global risk management hub". However, on Friday, this "hub" shut out the global markets.

Preview of US Stock Market | CME futures trading suspended, "Black Five" kicks off shopping season

On November 28th (Friday), before the market opening, futures of the three major US stock indexes all rose.

AI computing power soaring ignites storage bull market, Bank of America predicts the cycle will continue until the first half of 2027.

When physical storage in data centers is unable to meet the "AI faith" of enterprises and consumers, the era of "super storage cycle" has begun.

Dalio warns of AI bubble, Bridgewater sees "golden" opportunity in CoreWeave (CRWV.US)

Bridgewater made a surprising investment this quarter - spending $37 million to purchase 270,556 shares of CoreWeave. This investment timing is particularly noteworthy, as the founder of the fund, Dalio, recently warned that the artificial intelligence (AI) sector is in a bubble trading range.

As of the end of October, there were a total of 5452 listed companies in the domestic stock market with a total market value of 107.32 trillion yuan.

As of October 31, 2025, there were a total of 5,452 listed companies in the domestic stock market, with 2,292, 2,880, and 280 companies listed on the Shanghai, Shenzhen, and Beijing stock exchanges respectively.

A-share Market Opening Express: The three major A-share indices collectively opened lower, with the Shanghai index falling by 0.11%. The commercial aerospace sector showed active performance.

The three major A-share stock indexes opened collectively lower, with the Shanghai Composite Index falling 0.11% and the ChiNext Index falling 0.04%.

A-share pre-market report | JPMorgan Chase upgrades Chinese stocks to overweight rating, Alibaba's Quark AI glasses released.

J.P. Morgan has upgraded its rating on Chinese stocks to "overweight".

Guotai Haitong: Increasing clues of consumer confidence, technology manufacturing continues to grow.

Guotai Junan Securities released a research report stating that there are increasing signs of a thriving consumer market, and continued growth in technology manufacturing.

Is it a "robbing Peter to pay Paul" style budget? UK finance minister imposes 26 billion in taxes and is collectively criticized by business leaders.

British Chancellor of the Exchequer Rishi Sunak plans to strengthen the nation's finances by raising taxes of 26 billion (340 billion US dollars), but this has been met with collective criticism from CEOs of several major UK companies.

Trading reminder: The US stock market will be closed on Thursday for Thanksgiving, and will close 3 hours early on Friday.

Due to the Thanksgiving holiday in the United States, the US stock market will be closed on November 27th (Thursday). The day after Thanksgiving, on November 28th (Friday), the US stock market will close 3 hours early.

TPU computing power frenzy is sweeping in! Three key words run through the new wave of AI investment: ASIC, optical interconnection, and storage.

TPU AI computing power feast has arrived: from Google partnering with Broadcom to create the AI ASIC computing power overflow Meta, to optical interconnection company Lumentum, as well as storage giant Micron teaming up to handle the entire flow of TPU AI computing power.

Wall Street Outlook for US Stocks in 2026: S&P 500 target could reach as high as 8000 points with AI and policy as key variables.

The common consensus on Wall Street is that, under the continued wave of investment in artificial intelligence (AI), a shift towards loose monetary policy, and the expansion of profit growth, US stocks are expected to continue their rise next year.

New stock news | Topas CNC is listed on the Hong Kong Stock Exchange and ranks first in the Chinese aerospace and aviation five-axis CNC machine tool market.

According to the disclosure of the Hong Kong Stock Exchange on November 26, Shanghai Topower CNC Technology Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guotai Junan International and CCB International as joint sponsors.

Tianfeng: "Anti internal roll" lays the industry turning point, the petrochemical industry is expected to go from partial improvement to comprehensive recovery.

Incremental control is the core essence of long-term improvement in the industry, while dealing with existing stock focuses more on solving immediate conflicts.

Hong Kong Stock Market Concept Tracking | Consumer Sector Welcomes Good News! Six Departments Release Important Documents, Focus on Investment Opportunities Under These Trends (Attached Concept Stocks)

On November 26th, the Ministry of Industry and Information Technology, the Ministry of Commerce, and other six departments jointly issued the "Implementation Plan for Enhancing the Adaptability of Consumer Goods Supply and Demand to Further Promote Consumption" (hereinafter referred to as the "Plan").

During the rampant "AI bubble theory" in the market, healthcare leading value stocks broke through the vacuum and rose.

As of Tuesday, the S&P 500 healthcare sector index has risen by 10%, outperforming the other 10 sectors in the US stock market benchmark index.

When Musk is obsessed with Siasun Robot & Automation dream, Tesla, Inc. (TSLA.US) is already facing a shortage of electricity.

This year, most of Musk's energy is focused on laying out the company's robot business and promoting shareholder approval of his newly proposed trillion-dollar compensation plan. Meanwhile, the outlook for Tesla's main business - car sales - is increasingly dim.

Li Jiage Chen Haichao: Hong Kong property prices and rents both rose, expecting a 3.5% increase in property prices and a 4.5% increase in rents for the whole year.

Chen Haichao, head of the research department at Lijia Ge Real Estate, expressed optimism about the future development of property prices in Hong Kong, expecting a 3.5% increase in prices and a 4.5% increase in rents for the entire year.

Japanese chip manufacturer Rapidus plans to build a 1.4 nanometer wafer fab to accelerate catching up with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US).

Japanese chip company Rapidus plans to build a 1.4 nanometer chip manufacturing factory, making the competition with TSMC more intense.

New stock news | XGD INC. (300130.SZ) submits a document to the Hong Kong Stock Exchange, global cumulative sales of electronic payment devices exceed 50 million units.

According to the prospectus, in the past 15 years, New Nation has accumulated sales of over 50 million electronic payment devices globally, with its business footprint covering most countries and regions around the world.

Holiday season consumer demand strong! Best Buy Co., Inc. (BBY.US) Q3 revenue and profits exceed expectations, raising full-year guidance.

Electronic product retail giant Best Buy released its financial report for the third quarter of fiscal year 2026.

SanDisk (SNDK.US) will join the S&P 500, and several companies will enter the small-cap 600 index.

SanDisk will join the S&P 500 Index before the opening on November 28, 2025, replacing shares of EPAM Systems.

Google AI Chain: The new mainline rivaling the "Apple Chain" of the past! Buffett's "closing moment" bet on Google is replicating the "Apple super bull market."

If you missed the super bull market of Apple that started in 2016, don't easily miss Google today.

Gamma Data: In October, the domestic gaming market revenue in China reached 31.359 billion yuan, an increase of 5.66% compared to the previous month.

Recently, Gamma Data released the "October 2025 Monthly Report on the Chinese Gaming Industry".

Bitcoin selling pressure has now eased, indicating that the market is betting that the current round of decline is coming to an end.

In recent weeks, the heavy selling pressure that has been weighing on Bitcoin seems to be easing, igniting hope among market participants that the current brutal downtrend may be nearing its end.

GDS Holdings Ltd. Sponsored ADR Class A (GDS.US): Q3 performance showed steady and high-quality growth, entering a new period of AI-driven growth.

In the third quarter of 2025, Wanguo Data achieved a net income of 2.887 billion yuan, an increase of 10.2% year-on-year; adjusted EBITDA was 1.342 billion yuan, an increase of 11.4% year-on-year.

Federal Reserve chair nominee Waller supports interest rate cut in December and may shift to a "meeting-by-meeting" decision-making model starting in January next year.

Federal Reserve Governor Warsh said Monday that he is advocating for another rate cut at the December policy meeting.

US Stock Market Move | Star technology stocks mostly rose before the market. Alphabet Inc. Class A (GOOGL.US) rose nearly 4%.

On Monday, the Nasdaq 100 index futures rose nearly 1%, with most tech stocks rising in pre-market trading.

The Federal Reserve's "three top officials" being dovish failed to push up gold prices, with gold prices waiting for retail data to break out of the consolidation pattern.

The price of gold remains stable as the market considers the possibility of the Federal Reserve cutting interest rates again in December.

A-share IPO subscription | Moore Thread (688795.SH) opens for subscription, launching fourth-generation GPU architecture.

On November 24th, Moore Thread (688795.SH) started its subscription.

Who can survive the burst of the AI bubble? Among the seven giants, Alphabet (GOOGL.US) and Apple Inc. (AAPL.US) could be "laughing to the end".

Large technology companies led by the "Big Seven Tech Titans" in the US stock market are engaged in a fierce AI arms race.

Will interest rates continue to be cut in December? Collins and Logan remain cautious, the top three of the Federal Reserve are dovish.

The Fed's internal divisions resurfaced before the December rate decision meeting.

US Stock Market Move | Announced that the next generation BlueBird 6 satellite will be launched in December, AST SpaceMobile (ASTS.US) increased by 4.77%.

As of press time, the stock has risen by 4.77% to $53.12.

Bears in the US stock market are "coming out in force"! Wedbush supports AI winners: now is the time to buy.

Despite Nvidia's earnings report exceeding expectations, stocks related to artificial intelligence collectively fell on Thursday, as investors raised doubts about the sustainability of the AI spending boom.

AI burning money causes concern, Alphabet Inc. Class C (GOOGL.US) executives offer reassurance: computing power needs to double every six months to meet demand.

Google executives said that computing power needs to double every six months in order to meet demand.

The BDC financial report reveals the hidden trend of private credit in the United States: overall stable, but cracks are spreading.

Although the financial reports of these BDCs reflect the stability of the overall private credit market, warnings from market participants indicate that caution should not be easily relaxed.

US stocks are squatting deeply before jumping? Castle Securities: S&P 500 is expected to hit 7000 points by the end of the year.

Castle Securities believes that after the recent pullback, the S&P 500 index is expected to reach 7000 points.

Intel Corporation CEO crushes rumors of taking Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR secrets in advanced fabrication "life or death battle", emphasizes respect for IP.

Intel CEO refuted the reports from the outside world about the new employees introducing key technologies from TSMC.

MNSO (09896) released its third-quarter performance, with adjusted net profit of 767 million yuan, a year-on-year increase of 11.7%.

Miniso (stock code: 09896) released its third quarter performance report for the three-month period ending September 30, 2025. The group achieved...

Internet entrance steps into the AI era! Perplexity launches the mobile Comet AI browser, directly confronting Google.

Perplexity strives to completely innovate the way people browse the internet using AI browsers, promoting the entry of the internet into the era of artificial intelligence.

Nvidia's "stellar" financial report unexpectedly becomes a "bull trap" in the US stock market. Goldman Sachs warns: the market is already scarred.

Although Nvidia released a strong financial report, its stock price continues to plummet sharply, due to skepticism about the Federal Reserve's ability to cut interest rates and concerns about overvaluation.

Latest

8 m ago

A shares continue to fluctuate at high levels. Institutions believe that the New Year market is promising.

8 m ago

Hong Kong stock research reports increased by over 30% compared to the previous year. Securities research institutions are focusing on "new opportunities".

9 m ago

The scale is approaching 37 trillion yuan, and public funds are both "pursuing size" and "pursuing excellence."

32 m ago

Ramaphosa: South Africa will continue to fully participate in G20 affairs in a constructive manner.

1 h ago

New Zealand house prices are expected to rise by 4% in 2026 and 4.3% in 2027, while the third quarter poll forecasts increases of 5% and 4.3% respectively.

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