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On March 24th, Deutsche Bank analyst Han Zhang stated in a report that the upward trend in China Resources Beers (00291.HK) recurring operating profit margin is likely to continue into 2026, supported by operating leverage. Following a strong sales start in the first two months of 2026, the bank raised its average EBITDA forecasts for 2026-2028 by approximately 3%. The bank raised its target price for China Resources Beer from HK$37.3 to HK$39, while maintaining a buy rating. The companys share price rose 4.25% to HK$25.04.On March 24th, it was learned from industry sources that the Securities Association of China (SAC) has recently studied and revised the "Special Evaluation Method for Securities Companies to Do a Good Job in the Five Major Tasks of Finance (Trial Implementation)" and has begun to solicit opinions from the industry. Multiple industry insiders revealed that this revision is not a simple adjustment, but rather closely aligns with the new requirements for the financial industry put forward by economic and social development during the "15th Five-Year Plan" period. The core purpose of the revision is to better adapt to the actual needs of differentiated operation and characteristic development of the industry, continuously improve the quality and efficiency of serving the "five major tasks" of finance, and promote the high-quality development of the industry. Based on summarizing the experience of the previous trial evaluation, the SAC has further revised and improved the "Evaluation Method." The draft for comments shows that the revision maintains the stability of the overall framework and does not make major adjustments to the existing evaluation indicator system, but focuses on strengthening overall coordination and deleting some duplicate bonus indicators. The revision direction is clear and focused on goal orientation, closely aligning with the strategic needs of high-quality economic and social development during the "15th Five-Year Plan" period. It aims to promote the concentration of industry resources towards major strategies, key areas, and weak links such as technological innovation, advanced manufacturing, green and low-carbon development, and inclusive livelihood, thereby more effectively leveraging the incentive and guiding role of the evaluation.The Hang Seng Tech Index in Hong Kong fell sharply, now down 0.02%, after rising more than 1.3% earlier. The Hang Seng Indexs gains have narrowed to less than 1%.South Koreas Energy Minister: Plans to ask 50 key oil users to reduce their consumption.South Koreas Energy Minister: In the long run, we will reduce our dependence on liquefied natural gas by increasing the supply of renewable energy.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.