EUR/USD
1.15968
-0.058%
Gold
4548.34
1.810%
Oil
88.547
0.914%
USD/JPY
158.963
0.128%
GBP/USD
1.33838
-0.182%
GBP/JPY
212.758
-0.054%
Real-time News
The UKs February CPI and Retail Price Index will be released in ten minutes.On March 25th, the China Academy of Information and Communications Technology (CAICT) released its analysis report on the domestic mobile phone market in February 2026. In February 2026, domestic mobile phone shipments reached 16.789 million units, a year-on-year decrease of 14.6%. Among them, 5G mobile phones accounted for 15.931 million units, a year-on-year decrease of 11.4%, representing 94.9% of total mobile phone shipments. In February 2026, smartphone shipments reached 16.258 million units, a year-on-year decrease of 12.6%, representing 96.8% of total mobile phone shipments.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%.
