CICC Initiates Laopu Gold (06181) with "Outperform" Rating, Target Price HK$205.18
CICC has released a research report estimating that Laopu Gold (06181) will have EPS of 6.18 yuan and 8.79 yuan for the years 2024 and 2025, respectively, with a CAGR of 89%. This is the first time th...
Steel: Spotlight on Undervalued Manufacturing Core Assets
Focus on the underestimated core assets in the manufacturing industry. As a cyclical product at the bottom of its prosperity cycle, steel should not be overly pessimistic, especially the core assets o...
Ex-Bank of Canada Deputy Predicts 50bps Rate Cut in Oct
Former Deputy Governor of the Bank of Canada, Paul Beaudry, has stated that officials should lower borrowing costs by half a percentage point later this month.Beaudry indicated that there are "compell...
Foxconn's EV Business Needs Years for Growth
Foxconn's parent company, Hon Hai Precision, has indicated that due to a slowdown in global electric vehicle (EV) sales, it will take several years for the company to strengthen its emerging automotiv...
Fed's Crisis Response: A Detailed Analysis
The recent turmoil in global markets triggered by the reversal of yen carry trades serves as a reminder that volatility and risk are never far away. At the end of an economic cycle and the beginning o...
U.S. Port Workers' Strike Looms, Freight Rates Rise
U.S. East Coast ports may close on Tuesday, with daily losses reaching up to $5 billion.The International Longshoremen's Association (ILA) announced today that it will launch a strike at ports along t...
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