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On January 9, Xpeng Motors’ official Weibo account announced that in December 2024, 161 self-operated stations were put into operation in a single month, breaking the historical record for the speed of online operation; Xpeng’s self-operated stations reached 1,920, and the number of self-operated supercharging stations exceeded 1,500.Malaysias Economic Minister: Malaysia plans to produce GPU chips locally in the next 5 to 10 years.On January 9, CICC published a report, maintaining the target price of ANTA Sports (02020.HK) at HK$104.02 and the investment rating of "outperforming the market" unchanged. The bank pointed out that after more than 30 years of development, ANTA has become a local sports brand market from the main brand of ANTA. CICC believes that ANTAs leading position and growth in the international sports brand market are not inferior to international peers, but its current valuation is lower than that of international comparable companies, and there is still much room for improvement in the future. The bank basically maintains the 2024/25 earnings per share forecast of ANTA at RMB 4.16 (the same below) (after deducting non-GAAP)/4.80, and introduces the 2026 earnings per share forecast of RMB 5.35.On January 9, Goldman Sachs issued a report indicating that it slightly lowered the target price of Anta Sports (02020.HK) by 0.9% from HK$111 to HK$110, and maintained a "buy" investment rating. Goldman Sachs pointed out that in view of Antas sales trend in the fourth quarter of 2024 and the liquidity of mainland consumer sentiment, it lowered its profit forecast for Anta from 2024 to 2026 by 1-2%, mainly reflecting the decline in profits of Anta/Fila brands, which was partially offset by the better performance of small brands. It is believed that by 2025, Antas profitability will be supported by the "multi-brand" strategy and effective cost control. Antas fourth-quarter data showed that both Anta and Fila brands recorded high single-digit sales growth, with Anta accelerating quarterly and Fila slowing down. Due to lower expectations, Anta was generally in line with expectations, and Filas performance was a surprise.On January 9, Meng Yang, Deputy Director of the State Administration for Market Regulation, met with a delegation led by Chan Ka-yin, Chairman of the Competition Commission of the Hong Kong Special Administrative Region. The two sides exchanged in-depth views on antitrust law enforcement, fair competition review, competition advocacy and other issues. Meng Yang said that the State Administration for Market Regulation is willing to further strengthen pragmatic exchanges and cooperation with the Hong Kong Competition Commission in the field of antitrust and anti-unfair competition, jointly maintain a fair competition market order, and help build the Guangdong-Hong Kong-Macao Greater Bay Area. Chan Ka-yin expressed the hope to deepen antitrust and fair competition governance cooperation with the State Administration for Market Regulation, play a more active role in the construction of the Greater Bay Area, and promote Hong Kong to better and faster integrate into the overall national development.

AUD/USD The 20-day exponential moving average (EMA) will continue to serve

Daniel Rogers

Jul 12, 2022 14:45

 截屏2022-07-12 上午9.51.02.png

 

The movement of the AUD/USD pair is volatile during the Asian session. The asset was auctioned in the region of 0.6732 to 0.6746 with a sluggish increase in the US dollar index (DXY). Monday saw little improvement in the major as it lost the important support level of 0.6760. The asset's value dropped to 0.6716, a fresh two-year low.

 

The Darvas Box pattern breaks, increasing the volatility of the counter. The aforementioned chart pattern has grown since July's first trading session inside a wider range of 0.6761-0.6900.

 

Negative filtering is strengthened around 0.6827 by a bearish cross of the 20-period and 50-period Exponential Moving Averages (EMAs).

 

Further losses are expected as the Relative Strength Index (RSI) (14) has shifted into the negative territory between 20.00 and 40.00. There are no divergence or oversold circumstances present in the momentum oscillator RSI (14) reading.

 

The dollar bulls will push the asset to its 29 May 2020 top of 0.6683 if it drops below Monday's low of 0.6713. If the latter limit is crossed, the asset will reach its top on April 30, 2020, at 0.6570.

 

In contrast, if the asset breaks beyond the July 5 high of 0.6896, the dollar bulls may lose their grip. A similar occurrence would drive the asset to its peak on June 30 at 0.6920 and then to its peak on June 28 at 0.6965.


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