EUR/USD
1.15928
0.009%
Gold
4020.28
-0.626%
Oil
59.514
-0.231%
USD/JPY
155.157
-0.068%
GBP/USD
1.31503
-0.023%
GBP/JPY
204.041
-0.080%
Real-time News
On November 18th, a Citi research report indicated that Leapmotor (09863.HK) reported a net profit of RMB 150 million in the third quarter, in line with expectations. This was mainly due to approximately RMB 250 million in carbon credit revenue, a significant improvement compared to the net loss of RMB 690 million in the same period last year, and similar to the net profit level of the second quarter. Furthermore, the R&D expense ratio decreased by 1.5 percentage points quarter-on-quarter to 6.2%, and the administrative expense ratio also decreased by 0.4 percentage points quarter-on-quarter to 8.1%, keeping the net profit margin stable at 0.8% in the third quarter. Free cash flow reached RMB 3.84 billion during the period, a significant increase compared to RMB 1.2 billion in the previous quarter and RMB 1.3 billion in the same period last year. The company maintained its sales target of 1 million vehicles by 2026. The bank maintained its "Buy" rating with a target price of HKD 100.Hong Kong-listed apparel stocks surged, with Fast Retailing (06288.HK) rising over 5.8%, Luen Thai Holdings (00311.HK) rising over 11%, and Shanshan Brands (01749.HK) and others following suit.On November 18th, JPMorgan Chase issued a report stating that Geely Automobile (00175.HK) outperformed expectations in its third-quarter results, with core net profit exceeding the banks forecast by 4%. Net profit per vehicle rose 15% quarter-on-quarter to RMB 5,200. The bank stated that its third-quarter results were solid, mainly driven by economies of scale, a better product mix, and expanded export contributions. The bank believes that Geelys share price increase year-to-date is more driven by improved profitability than by expansion multiples of its target. During the earnings conference, management emphasized plans for new models next year, autonomous driving (AD) technology, and export strategies. The bank welcomes this and expects stronger growth momentum in the final quarter of this year and next year. The bank maintains its "Overweight" rating with a target price of HKD 24.Market news: Bank of Japan Governor Kazuo Ueda will hold his first one-on-one meeting with Japanese Prime Minister Sanae Takaichi.November 18th - According to Asian Metal Inc., yttrium oxide prices have surged to $126 per kilogram, compared to less than $8 by the end of 2024. Yttrium has applications in medical technology, as well as aerospace equipment, ceramics, lasers, and superconductors.