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Citigroup has lowered its price target for Canadian Solar from $12.00 to $11.00, maintaining a "sell" rating, while the stock has an average rating of "Hold" and a price target of $17.84. Institutional investors have increased their stakes, with Charles Schwab raising its holdings by 59.3%. Canadian Solar's stock is currently down 3.8%, trading at $9.23, with a recent earnings report showing a significant EPS miss.
Charles Schwab Investment Management Inc. increased its stake in Melco Resorts & Entertainment by 47.2%, owning 353,196 shares valued at $2,045,000. Despite a "Moderate Buy" rating, several analysts have adjusted their price targets, with Citigroup downgrading the stock from "buy" to "neutral." Melco's shares opened at $5.27, with a 52-week range of $4.78 to $8.90.
Blackstone is reportedly exploring a minority investment in TikTok's US operations, aiming to join existing non-Chinese shareholders like Susquehanna International Group and General Atlantic. The plan involves restructuring TikTok's US business into a separate entity and reducing Chinese ownership to below 20% to meet US regulatory requirements.
Japan, China, and South Korea have agreed to enhance free trade cooperation amid new tariffs imposed by the U.S. The meeting, the first of its kind in five years, emphasized the need for a comprehensive trilateral free-trade agreement and a stable trade environment, as the three nations collectively represent a significant portion of the global economy and trade.
Xpeng is set to invest 3 billion yuan (US$413 million) in its electric vertical take-off and landing (eVTOL) aircraft business, with plans to establish a factory in China by 2026, aiming for an annual production capacity of 10,000 aircraft. CEO He Xiaopeng anticipates the global flying car market could reach US$2 trillion in the next two decades, highlighting the significant revenue potential despite low sales volume in the sector. This move comes as Chinese companies seek new transportation avenues amid increasing competition in the electric vehicle market.
Pop Mart, a Chinese toy and collectible company, achieved a revenue of 13.04 billion yuan (approximately US$1.8 billion) in 2024, marking a 106.9% increase from 2023. The company's net profit soared to 3.4 billion yuan (around US$468 million), reflecting a year-on-year growth of 185.9%. Notably, revenue from markets outside mainland China reached 5.07 billion yuan (about US$698 million), a remarkable 375.2% increase, accounting for 38.9% of total revenue.
Two ultra-luxury Huawei Luxeed Maextro S800 sedans were spotted in Sydney, marking the brand's potential entry into the Australian market. Priced between $A250,000 and $A330,000, these nearly 5.5-meter-long vehicles feature advanced self-driving technology and are set to compete with high-end models like Mercedes-Benz Maybach and Rolls-Royce. The Maextro brand is a joint venture between Huawei and JAC, with local testing possibly indicating a launch in 2025.
Deutsche Bank warns of a growing trend of dedollarization among US allies, driven by geopolitical tensions and financial sanctions. Countries like China and Russia are increasingly opting for alternative currencies, signaling a potential shift towards a multipolar financial system and diminishing the dollar's dominance in global trade and reserves. This evolution could lead to greater exchange rate volatility and a redefined international monetary landscape.
Giorgia Meloni, Italy's first female prime minister, has achieved surprising political stability, becoming the fifth-longest-serving leader in the Italian Republic's history. With her party polling near 30%, she aims to strengthen Italy's role in Europe and align closely with the Trump administration, despite facing challenges in foreign policy, particularly regarding Ukraine and NATO defense spending. Meloni's tenure reflects a shift in Italy's political landscape, as she navigates both populist alliances and her authoritarian tendencies.
Trump's demand for Ukraine to repay over $123 billion in US aid, with interest, marks a significant shift in American policy, reflecting his skepticism towards Ukraine's war effort and President Zelensky. This approach could strain Ukraine's military capabilities and reshape US relations with allies, as it prioritizes financial interests over geopolitical commitments. The insistence on repayment, tied to Ukraine's mineral wealth, raises concerns about the future of US support and the broader implications for international alliances.
CHN
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
citigroup lowers price target on canadian solar amid mixed analyst ratings
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