EUR/USD
1.15785
-0.013%
Gold
4071.25
0.091%
Oil
60.466
-0.159%
USD/JPY
155.307
-0.132%
GBP/USD
1.31386
-0.045%
GBP/JPY
204.055
-0.172%
Real-time News
According to futures news on November 19th, as of the week ending November 15th, Japanese commercial crude oil inventories increased by 24,205 kiloliters from the previous week to 10,403,206 kiloliters. Japanese gasoline inventories decreased by 1,025 kiloliters from the previous week to 1,650,289 kiloliters. Japanese kerosene inventories decreased by 128,388 kiloliters from the previous week to 2,536,518 kiloliters. The average operating rate of Japanese refineries was 89.9%, compared to 90.6% the previous week.According to the Wall Street Journal, U.S. Army Secretary Driscoll plans to meet with Russian officials later in the day.On November 19th, the overnight SHIBOR was 1.4200%, down 10.50 basis points; the 7-day SHIBOR was 1.4870%, down 3.10 basis points; the 14-day SHIBOR was 1.5680%, up 1.80 basis points; the 1-month SHIBOR was 1.5200%, unchanged from the previous trading day; and the 3-month SHIBOR was 1.5800%, unchanged from the previous trading day.On November 19th, a Citi research report indicated that Xiaomis (01810.HK) adjusted net profit for the third quarter exceeded both the banks and market expectations, primarily due to in-line non-operating revenue and better-than-expected gross margins in the IoT, internet, and electric vehicle sectors. However, operating expenses were higher than anticipated. Management emphasized that Xiaomi has secured memory supply for 2026 and will prioritize maintaining average selling price and market share given memory price increases. Furthermore, management expects full-year electric vehicle deliveries to exceed 350,000 units, but the vehicle purchase tax subsidy policy will impact next years electric vehicle gross margin. The banks latest forecast projects smartphone shipments of 170 million and 160 million units in 2025 and 2026 respectively, with gross margins of 11.3% and 8.9%; electric vehicle deliveries are expected to remain at 400,000 and 700,000 units, with gross margins of 25.2% and 22.2%. The target price has been lowered to HK$50, while maintaining a buy rating. The bank remains optimistic about the long-term prospects of the IoT and electric vehicle businesses, but memory price increases may put short-term pressure on the share price.On November 19th, a Citi research report indicated that AAC Technologies (02018.HK) has signed an agreement to acquire shares and other equity securities of DispelixOy, an AR diffraction waveguide technology company. The transaction is expected to be completed in the first half of 2026. AAC has been collaborating with Dispelix on a strategic R&D partnership for several years, jointly developing next-generation AR devices with several leading OEM customers and collaborating with major mobile platform suppliers to develop next-generation reference design platforms. The report believes that this acquisition will expand AACs product portfolio and solution capabilities in the XR field, covering acoustics, haptic feedback, microelectromechanical systems (MEMS), camera lenses and lens modules, structural components, and waveguide technology. The report currently gives AAC a target price of HK$56 and a buy rating.
