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On March 25th, Pop Mart (09992.HK) held its 2025 annual results press conference. Chief Operating Officer Si De stated that LABUBUs celebrity friends will continue their "global travels," appearing at the World Cup in June and participating in the 100th Macys Thanksgiving Day Parade at the end of the year. Looking at the medium- to long-term plan, LABUBU will also have content formats such as picture books and movies, all currently in the preparation stage. Wang Ning, Chairman and CEO of Pop Mart, stated at the 2025 annual results press conference that the company aims to achieve a growth rate of no less than 20% in 2026.On March 25th, Morgan Stanley issued a report stating that Lao Pu Gold (06181.HK) performed strongly in the first quarter of this year, and its earnings per share for the first half of the year are expected to double year-on-year. The stock is attractively valued, currently trading at a forward P/E ratio of 13x for 2026, with upside risk to the earnings forecast. Management did not comment on fundraising needs but acknowledged tight cash flow. The bank believes that the recent sharp decline in gold prices has brought uncertainty to market demand, but it is also a good opportunity to test whether its brand strength can support a continued revaluation. Morgan Stanley raised its revenue and net profit forecasts for Lao Pu by 13% to 14% respectively, expecting year-on-year growth of 55% and 66% in 2026, reaching RMB42 billion and RMB8 billion respectively. Morgan Stanley maintained its target price for the group at HKD1010, but due to gold price volatility and demand uncertainty, lowered the target P/E ratio from 23x to 20x, maintaining an "overweight" rating.On March 25, the Peoples Bank of China issued the third tranche of central bank bills for 2026 through the Hong Kong Monetary Authoritys Central Moneymarkets Unit (CMU) bond bidding platform via interest rate bidding. The issuance amounted to 60 billion yuan, with a maturity of 6 months and a winning bid rate of 1.48%.Shares of Pop Mart (09992.HK) in Hong Kong fell as much as 21% to HK$171.1. The news comes as Pop Marts net profit for 2025 is projected to surge 308.8% year-on-year, but revenue is below expectations.According to Japans Jiji Press, Japanese Prime Minister Sanae Takaichi has requested International Energy Agency Executive Director Fatih Birol to release additional oil reserves.

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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