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Real-time News
On March 17, Morgan Stanley published a report, indicating that according to the full-year performance of 2024, the earnings forecast of Haifeng International (01308.HK) was adjusted, and the earnings per share forecast for 2025 was raised by 2%, the earnings per share forecast for 2026 was raised by 6%, and the earnings per share forecast for 2027 was introduced to 19 US cents. The bank believes that further earnings revisions in the downward cycle of container shipping from 2025 to 2026 will put pressure on Haifeng Internationals valuation. Therefore, the bull market-benchmark-bear market target price-earnings ratios were adjusted from 14 times, 11 times and 7 times to 12 times, 9.5 times and 6.0 times, respectively. The baseline scenario valuation multiples are basically in line with the historical average since 2011, taking into account the potential special dividends from 2025 to 2026, while the bull market scenario valuation falls within a standard deviation range. Based on this, the bank lowered the weighted target price of Haifeng International from the previous HK$21.3 to HK$18.8, and the rating was "in line with the market".On March 17, US President Trump said he had no intention of exempting steel and aluminum tariffs, and said reciprocal tariffs and industry tariffs would be implemented on April 2. Trump told reporters on Air Force One that reciprocal tariffs on US trading partners would be implemented together with automobile tariffs.March 17th, Deutsche Bank Research is optimistic about European stocks, both from a relative and absolute perspective. The banks strategists have noted the progress of Germanys multi-billion dollar infrastructure and climate funds and increased defense spending, and expect the positive momentum in European stocks to continue. The German MDAX index, which has outperformed the U.S. stock market in the past few weeks, remains its favorite index. Strategists believe that U.S. import taxes are the main source of uncertainty in the coming weeks, and the increasing likelihood of a slowdown in the U.S. economy due to tariff increases is the main risk to the absolute upside of European stocks. While they believe that the Ukrainian ceasefire is the most unpredictable catalyst, they add that if a credible ceasefire is achieved, it will reduce the expected risks of European stocks and attract U.S. investors.On March 17, the median estimate of six economists surveyed by The Wall Street Journal showed that Malaysias export growth may accelerate in February. Exports are expected to rise 6.9% year-on-year from 0.3% in January, while imports may increase 9.6%, with a trade surplus of 9.25 billion ringgit. Kenanga IB economist Muhammad Saifuddin Sapuan said the export growth may be due to a low base last year, increased demand from major trading partners, and early shipments before the deadline for reciprocal tariffs by US President Trump.QCT Technology (01478.HK): Net profit reached 279 million yuan in 2024, a year-on-year increase of 234.1%.
