EUR/USD
1.15978
0.053%
Gold
4010.83
-0.859%
Oil
59.305
-0.582%
USD/JPY
155.095
-0.108%
GBP/USD
1.31606
0.055%
GBP/JPY
204.120
-0.041%
Real-time News
On November 18th, Barclays economists stated in their quarterly outlook that the yen is likely to remain under pressure given Japanese Prime Minister Sanae Takaichis policy stance leaning towards "Abenomics." Given the yens high sensitivity to fiscal risks, further fiscal expansion is expected to keep USD/JPY at higher levels. Barclays recommends investors continue to hold long positions in USD/JPY.On November 18th, a CLSA research report indicated that PetroChinas (00857.HK) share price recently hit a new high, approaching the HK$9 mark, a level not seen during the past three years of declining oil prices. The report believes that the companys solid third-quarter results suggest that even if oil prices remain around US$60 per barrel for the remainder of the year, it is still likely to exceed market expectations for the full year. Despite the recent share price increase, the full-year dividend yield is expected to reach 6%, providing investors with a defensive option. Furthermore, the companys guidance for capital expenditure in 2025 is RMB 262 billion, a 5% year-on-year decrease, the first year-on-year decline in three years. Coupled with a low net debt ratio, the report believes the company has room to increase its full-year dividend payout ratio, which was 52% last year. The report raises PetroChinas H-share target price from HK$8.8 to HK$10, maintaining an "Outperform" rating.Jefferies: Raises its price target for Ford Motor (FN) from $12 to $15; raises its price target for General Motors (GM.N) from $55 to $75.Jefferies raised its price target for Ctrip (TCOM.O) from $85 to $88.On November 18th, CICC issued a research report initiating coverage of Guoquan (02517.HK) with an "Outperform" rating and a target price of HK$4.9. Guoquans retail-oriented strategy caters to consumers needs for home-cooked meals by offering a variety of delicious and affordable family-friendly dining products. CICC projects the companys earnings per share to be RMB 0.16 and RMB 0.2 for this year and next year, respectively, implying a CAGR of over 35% from 2024 to 2026.
