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On February 11th, Citigroup issued a research report stating that China Literature Limited (00772.HK) issued a profit warning, projecting non-IFRS adjusted net profit for last year to be between RMB 800 million and 900 million, lower than Citigroups and market expectations. The bank estimates that New Classics Media may record a loss in fiscal year 2025, mainly due to delays in content production leading to limited drama series releases, a significant difference from Citigroups previous forecast of releasing six drama series in the second half of the year and recording RMB 243 million in profit. Profit from non-New Classics Media businesses may be RMB 1 billion, lower than Citigroups pre-earnings forecast of RMB 1.08 billion. Therefore, Citigroup believes that the lower-than-expected profit for China Literature in 2025 is mainly due to the limited content releases from New Classics Media, while non-New Classics Media businesses will only slightly underperform expectations. Given that the market is already aware of the content production delays, Citigroup believes that the disappointing performance of New Classics Medias business should not be surprising. Citigroup expects the market to lower its profit forecast for China Literature in response to the profit warning, and the share price is expected to decline. Citigroup maintains a buy rating on China Literature with a target price of HKD 38.On February 11th, Citigroup released a research report predicting that Pop Marts (09992.HK) IP-centric diversification strategy will enhance its ability to withstand IP cyclical risks and revitalize new demand. Citigroups weekly data tracking shows a recent upward trend in app downloads, particularly in China and the US, which Citigroup attributes primarily to the launch of its new Skullpanda x My Little Pony series. Looking ahead to 2026, Citigroup predicts that the groups breakthroughs in IP diversification, product innovation, and monetization capabilities across a wide range of sectors will drive growth. The report mentions that the groups other iconic IP products, such as SKULLPANDA and CRYBABY, are becoming new growth drivers and have their own fan bases, proving they are not simply substitutes for LABUBU. The report predicts that non-LABUBU IPs have upside potential this year, and recent global consumer surveys also suggest that interest in non-LABUBU IPs in overseas markets may be underestimated. Citigroup has given Pop Mart a "Buy" rating with a target price of HK$415, based on a P/E ratio of 28x for 2026 earnings. The group commands a premium compared to most global toy and IP peers, likely due to its rapid growth driven by overseas expansion. Citigroup also believes Pop Mart deserves a premium over its domestic competitors due to its leading position.OpenAI founder Altman: Today we updated GPT-5.2 (Instant Model) in ChatGPT. While the changes are minor, we hope you find them to be an improvement.February 11th, Futures News: Economies.com analysts latest view: In recent intraday trading, spot gold prices have continued to fluctuate within a narrow range, holding steady above the psychological level of $5,000, attempting a technical correction in preparation for accumulating bullish momentum, driving prices higher, and resuming the upward trend.February 11th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices further consolidated their gains in the previous trading session, benefiting from their continued trading above the EMA50 moving average. This moving average continues to provide dynamic support, further strengthening the stability and dominance of the main bullish trend in the short term, especially as prices move along the support trendline of this trend.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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