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Founder Fubon Hang Seng Shanghai-Shenzhen-Hongkong Greater Bay Area Index Fund(LOF)
167302.SZ
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CLSA Reaffirms Their Buy Rating on Tencent Holdings (TCTZF)

CLSA has reaffirmed a Buy rating on Tencent Holdings (TCTZF) with a price target of HK$740.00, while the shares closed at HK$629.00. Analyst Elinor Leung has an average return of 9.9% and a 45.69% success rate. The overall analyst consensus for Tencent is a Strong Buy with an average price target of $93.84, indicating a potential downside of -85.08%. Nomura also maintains a Buy rating with a HK$757.00 price target.

Tip Ranks·
US
TCEHY
-1.10%
US
TCTZF
-0.19%
HK
00700
-1.55%
Tip Ranks·
US
TCEHY
-1.10%
US
TCTZF
-0.19%
HK
00700
-1.55%

CITIC Securities Proposes Governance Amendments and Supervisory Committee Dissolution

CITIC Securities Co. has proposed amendments to its Articles of Association and plans to dissolve its Supervisory Committee to enhance corporate governance. The Audit Committee will take over the responsibilities of the Supervisory Committee, in line with regulatory changes. These proposals, approved by the Board, will be presented for shareholder approval. The latest analyst rating for CITIC Securities (HK:6030) is a Hold with a price target of HK$29.62.

Tip Ranks·
HK
06030
-1.29%
SH
600030
-0.65%
Tip Ranks·
HK
06030
-1.29%
SH
600030
-0.65%

Rugged off-road vehicles are targeting young people

The Chinese hardcore off-road market is growing rapidly, with traditional brands being replaced by domestic brands such as Tank, Beijing, and BYD. In 2024, sales are expected to surge by 110.1% year-on-year, with a projected market share exceeding 3% in 2025 and potentially reaching 13% by 2030. Automakers are shifting their strategic focus towards younger demographics, with Great Wall Motor's new Tank 400 aimed at attracting urban young users, blurring the lines between hardcore off-road vehicles and urban SUVs

Wallstreetcn·
US
BYDDF
-0.08%
US
BYDDY
-0.64%
SZ
002594
-0.33%
Wallstreetcn·
US
BYDDF
-0.08%
US
BYDDY
-0.64%
SZ
002594
-0.33%