Express News | CNBC Halftime Report Final Trades: Apollo Global Management, Goldman Sachs Group, QUALCOMM, Check Point Software Technologies
Boeing, Goldman Sachs Share Gains Contribute To Dow's 280-Point Jump
Opening: US stocks opened slightly higher on Monday. This week the market focuses on Earnings Reports and economic data.
On the evening of April 28, Peking time, U.S. stocks opened slightly higher on Monday. Over 180 S&P component stocks, including Microsoft, Apple, Amazon, and Meta, will release their Earnings Reports this week. Important data such as non-farm employment and GDP will also be released this week. Investors continue to pay attention to the progress of trade negotiations. China has once again clarified that there are no negotiations or discussions on tariff issues between China and the U.S.
Market Chatter: Goldman Sachs Advising Nations on Managing US Trade Tensions
Goldman Sachs (GS.US) Chairman Su Dewei: Tariffs may have a huge potential impact on the profitability of enterprises.
Su Dewei stated that discussions regarding tariffs may have an impact on business sentiment and could bring significant potential effects on corporate profits and losses.
Goldman Sachs: Maintains CHINA TOWER 'Neutral' rating and lowers Target Price to 12.5 HKD.
Goldman Sachs released a research report stating that CHINA TOWER (00788) performed in line with previous guidance in the first quarter, with revenue and Net income increasing by 3.3% and 8.6% year-on-year, respectively. In response to the first quarter's performance, Goldman Sachs has lowered the revenue forecasts for CHINA TOWER by 0.8%, 1.4%, and 1.4% for 2025 to 2027, and cut the Net income forecasts by 3.7%, 4.1%, and 4.3%. The Target Price has been reduced from 13 HKD to 12.5 HKD, with a rating of 'Neutral'. Investors are generally concerned about the slowdown in the growth rate of the dividend payout ratio and the decline in telecom operators' 5G-related capital expenditures. Goldman Sachs noted that most tower-type Assets will reach the point of depreciation.
Will the US Stock Market's Rebound Ignite Your Next Trade?
Goldman Sachs: Downgraded the EBITDA and Net income forecast for China United Network Communications, reducing the Target Price to HKD 10.
Goldman Sachs released a research report stating it has lowered the EBITDA margin forecast for China United Network Communications (00762), and reduced the EBITDA and Net income forecasts for the company from this year to 2027 by up to 1.6% and up to 6%, respectively. The Target Price for listed H shares has been reduced from HKD 10.5 to HKD 10, with an enterprise value multiple (EV/EBITDA) of 2.5 times for 2026, down from the original target of 2.6 times, while maintaining a "Buy" rating. In the first quarter, China United Network Communications reported an EBITDA of 26.6 billion yuan, which is roughly in line with the bank's expectations. The Net income was 5.6 billion yuan, lower than the forecast.
Goldman Sachs expects the U.S. Treasury to maintain the nominal Bonds issuance scale, with a moderate expansion of inflation-protected securities.
The Goldman Sachs interest rate strategy team predicts in the latest Research Reports that the USA Treasury will maintain the nominal coupon bond auction scale in the upcoming quarterly Refinancing plan, while moderately expanding the inflation-protected securities (TIPS). Analysts point out: "We believe the Treasury is very likely to retain the statement that 'at least in the next few quarters, the existing coupon bond scale will be maintained.'" Strategists warn that if this statement is abandoned or the wording is significantly weakened without a clear alternative, it may trigger market concerns about increased duration supply, thereby pushing up term premium pressure again. Goldman Sachs expects the nominal bond auction scale to remain.
Goldman Sachs: Increased the Target Price for POP MART to 151 Hong Kong dollars, with positive performance in the first quarter.
Goldman Sachs released a research report stating that POP MART (09992) performed well in the first quarter. Considering the fluctuations in consumer sentiment since the beginning of the year, the strong growth in the offline market is an unexpected surprise. Looking ahead, the visibility of growth in the second quarter is relatively high, with strong momentum in IP product sales. The expectation is that the launch of new products will act as a catalyst, resulting in a corresponding upward revision of the profit forecasts for 2025 to 2027 by 14% to 17%. Based on the valuation, Goldman Sachs has raised POP MART's target price from HK$132 to HK$151, corresponding to a projected PE of about 25 times for 2027.
Goldman Sachs: Raises ZHAOJIN MINING's Target Price to 27 HKD, maintains Buy rating.
Goldman Sachs released a Research Report stating that ZHAOJIN MINING (01818) is expected to perform 43% of the profit forecast for the first quarter of fiscal year 2025, which is 20% of its full-year estimate for fiscal year 2025 and approximately 23% of the market's annual forecast, generally in line with expectations. Goldman Sachs maintains a 'Buy' rating on ZHAOJIN MINING, raising the Target Price from 17 HKD to 27 HKD. The bank has adjusted its profit forecast for ZHAOJIN MINING for fiscal years 2025 to 2027 upwards by 14% to 43%. With the full production of offshore mines, ZHAOJIN MINING's own gold mine output is expected to increase from 16 tons in 2024 to 30 tons in 2028.
Goldman Sachs Makes Key Appointments to Enhance Asia Ex-Japan M&A Business
Trump's promise of "unprecedented prosperity" is still fresh in memory, yet the U.S. stock market has been left battered and bruised in his first 100 days in office.
Donald Trump promised that if he was elected President of the USA, he would lead Americans to unprecedented prosperity. However, judging by the performance of US stocks in the first 100 days of his presidency, this 'prosperity' is open to interpretation. The market's experience during this time can certainly be described as explosive, but it has not unfolded as investors expected. April 30 marks 100 days since Trump took office. Despite the recent increase, the S&P 500 Index has fallen about 8% since Trump's inauguration, which is set to become the worst performance of US stocks within the first 100 days of a president since Gerald Ford took over the White House in 1974.
Market Chatter: Sycamore Discussing Debt Offering With Goldman Sachs, Others to Fund Portion of Walgreens Buyout
Goldman Sachs (GS) Says Foreign Investors Have Sold $63 Billion of U.S. Stocks
Nomura (NMR.US) is achieving revenue peaks alongside Wall Street giants! Q4 revenue from the Stocks business surged by 27%, setting a new profit record for the fiscal year 2025.
Global stock market fluctuations helped Nomura's net income in the fourth fiscal quarter grow by 27% year-on-year, reaching 72 billion yen, exceeding the average analyst expectations, with annual profits reaching a record 340.7 billion yen.
Citi Hires Goldman Banker to Lead Asia Markets Solutions Team
Goldman Sachs: Maintains Buy rating on NEW ORIENTAL-S and raises Target Price to 42 HKD.
Goldman Sachs issued a Research Report stating that it will maintain a Buy rating on NEW ORIENTAL-S (09901), with the Target Price raised to HKD 42 based on the sum-of-the-parts valuation method (SOTP). If the company can achieve the guidance for margin expansion in the May quarter, the firm expects investor confidence to gradually improve, and the valuation multiple of NEW ORIENTAL's core Business will slowly increase from the current 1 times 12-month forward PE. The firm gained confidence from the NEW ORIENTAL February quarterly Earnings Reports conference call, where management emphasized its focus on cost control and enhancing operational efficiency, and projected the operating profit margin of NEW ORIENTAL's core Business for the May quarter and the 26 fiscal year.
Goldman Sachs: Maintains a neutral rating on CH OVS G OCEANS, with Q1 2025 revenue and profit margin declining year-on-year.
Goldman Sachs released a Research Report stating that the stock price of CH OVS G OCEANS (00081) is trading at a discount of 21% compared to the expected net asset value at the end of 2025. The expected PE for 2025 is 5 times, the PB is 0.2 times, and the return on equity is 4%. In contrast, the developers covered by the bank have an average discount of 25%, with an expected PE of 11 times, a PB of 0.5 times, and a return on equity of 5%. The neutral rating is maintained.
Express News | Shares of Companies Within the Broader Financial Sector Are Trading Higher Amid Overall Market Strength Due to March's Strong Durable Goods Orders Economic Data, and President Trump's Announcement That He Met With China Earlier Today