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1.09097
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Gold
3148.79
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Oil
69.662
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147.565
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1.30600
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Real-time News
On April 3, Morgan Stanley published a research report stating that due to the high tax rate, it lowered its earnings per share forecast for Cheung Kong Holdings (00001.HK) by 11% this year and next year, and lowered its dividend forecast by 11% and 12%. Among them, the bank expects the groups earnings per share to increase by 3% to HK$5.62 this year, and the full-year dividend to increase by 4% to HK$2.3. The bank expects that although the groups business was at a high base last year, its performance will still grow in the next two years.UBS warned that full tariffs could push U.S. inflation to 5%.On April 3, White House aide Peter Navarro said that US President Trump’s tariffs could increase revenue by three times the size of the World War II tax increase in 1942, and could become the largest tax increase in US history.On April 3, a research report by CLSA indicated that ChinaSoft International (00354.HK)s revenue fell 1% year-on-year to RMB 16.951 billion last year, and the first disclosed AI-related revenue was RMB 957 million, accounting for 5.6% of revenue. The companys price reduction strategy has led to a decline in gross profit margin, and the main reason for the lower-than-expected net profit is a one-time impact. The bank expects the companys fundamentals to improve this year, mainly because the number of employees increased in the second half of last year. The bank expects the companys net profit to reach RMB 748 million this year, up 45.8% year-on-year, and lowered the target price from HK$7 to HK$6.5, maintaining the rating of outperforming the market.On April 3, the Australian bond market has experienced a dovish turn since the White House announced its new tariff agenda. IG market analyst Tony Sycamore said that the market has priced in an 85% chance that the Reserve Bank of Australia will cut interest rates by 25 basis points in May. Subsequent rate cuts are expected in August and November, with a cumulative rate cut of 75 basis points by November. He added that US tariffs have far exceeded expectations, increasing the likelihood of a trade war and recession in the United States. He also said that since goods from countries such as Vietnam are now effectively shut out of the United States, cheap goods are expected to flood other Asian markets.
