1. Wall Street Wrap
Wall St ends the week flying high!
SPX +0.70%, IXIC +0.52%, DJI +0.78%.
Weekly gains?
Nasdaq +7.2%
S&P +5.3%
Dow +3.4%
Tech flexed:
NVDA +16%
META +8%
AAPL +6%
MSFT +3%
Why? A tariff truce + AI hype = lift-off.
2. Trade Tensions Rise Again
China slaps steep anti-dumping duties (up to 74.9%) on POM plastics from the US, EU, Japan & Taiwan.
Biggest hit? U.S. exporters.
Why now? A response to US tariffs on Chinese EVs & chips.
Trade chess continues.
3. Virgin Galactic (SPCE.US)
SPCE launched… on earnings.
Stock +42% after Q1 loss beat (-$2.38 vs est. -$2.68)
Eyes on 2026 launches for research + private astronaut flights.
Next stop: orbit.
4. Novo Nordisk Shakeup (NOVO-B.CO)
CEO exit = stock -4%.
Analysts warn: strategic issues remain as LLY (Zepbound) keeps winning share.
Meanwhile, Structure Therapeutics (GPCR.US) +2% on M&A hopes.
5. Nvidia’s Global Play (NVDA.US)
Nvidia plans Shanghai R&D center, pending U.S. approval.
Another signal: NVDA is betting big on global AI leadership.
6. Meta Misses AI Milestone (META.US)
META -2% after delay in flagship AI model rollout.
Investors hit pause on Zuck’s AI momentum.
7. Microsoft Gets More GenAI Love (MSFT.US)
Citi: “Buy.”
Still a GenAI front-runner.
Strong growth, strong position.
8. NetEase (NTES.US / 9999.HK)
NTES +14.6% (ADR), +13% (HK)
Strong Q1 & global game wins.
Target hikes from CLSA, JPM, GS, UBS, and more.
9. Alibaba Slips Despite Mixed Views (BABA.US / 9988.HK)
BABA -7.6% ADR, -6% HK.
Analysts split on EBITA, cloud outlook.
CLSA sees upside, but others stay cautious.
10. Tencent Momentum (0700.HK)
Nomura, CMBI & more boost targets (some to HKD670+).
Strong Q1 + AI push = renewed confidence.
#Tencent #AI
11. JD.com & Meituan
Noticeably quiet in this earnings round.
No major coverage = no big headlines.
12. ESR Privatization Confirmed (9618.HK)
All conditions met. Stock +2%.
ESR moves closer to going private.
13. CATL (300750.SZ)
HK IPO size balloons to $4.6B
Also added to HK short-selling list next week.
14. BYD (1211.HK)
New European HQ in Hungary!
Doubling down on global EV expansion.
#BYD #EV
15. Xiaomi (1810.HK)
RMB1.3B in 618 Shopping Fest discounts.
New in-house SoC chip coming end of May.
R&D in 2025? Another RMB30B+ planned.
16. HSBC (0005.HK / HSBC.US)
Another HKD616M in buybacks.
Steady hands, steady value.
17. Green Tea Group (2423.HK)
Rough debut: -5%
AUNTEA JENNY also falls.
IPO hype didn’t translate to price action.
18. Hang Seng Shuffle
MIDEA (00300.HK) & ZTO (02057.HK) join HSI.
BYD (01211.HK) joins HSTECH.
China Literature (0772.HK) out.
19. MUYUAN (002714.SZ)
Plans HK IPO targeting $1B+, with Goldman & Morgan Stanley at the helm.
20. SIA (C6L.SI)
Big beat = 7.45-month staff bonus
Strong year, stronger team.
21. OCBC (O39.SI)
HKD1.5B investment reaffirmed.
CEO: No layoffs planned.
Focus: Tech, growth in Greater China.
22. Singtel (Z74.SI)
Sells 1.2% of Bharti Airtel for $2B
Unlocks $1.4B gains.
Still bullish on Airtel, doubling down on digital.
23. SingPost (S08.SI)
Clarifies: No nationalisation.
Profit +200% thanks to asset sale gains.
Special dividend: 9 cents.
24. Ossia Intl (O08.SI)
Stock +40% as Goh brothers offer to privatize at S$0.16/share.
This is Round 2 — premium offer for minority holders.
Thank you
