Weekly Recap | PDD -5.35%, consensus target well above spot
Weekly Review·- Pinduoduo fell 5.35 % this week to close at 77.81 USD, underperforming the S & P 500 amid a broader decline in Chinese ADRs. - Thirty-eight institutions maintain a consensus buy rating with a target price of 115.28 USD, though valuation ranges and JPMorgan 's industry preferences reflect ongoing divergence. - Future performance will depend on Temu ecosystem developments, sector profit shifts, and upcoming macroeconomic retail data.Survey: Hong Kong's Non-exchange Traded Investment Product Sales Surge 63% YoY Last Year to Record High of HKD9.9 Trillion
AASTOCKS News·- According to a joint survey by the SFC and the HKMA, Hong Kong's non-exchange-traded investment product sales surged 63% year-on-year to a record 9.9 trillion HKD last year. - This growth was driven by record market participation and strong demand for fixed income, currency, and commodity-related products, with collective investment plans becoming the top-selling category. - Furthermore, digital distribution continued to expand, with online sales accounting for 21% of total transaction value as participating companies increased.