🚀 CLSA Predicts Market Fluctuations Based On Lunar Cycles
#CLSA #MarketFluctuations #LunarCycles #Cryptocurrency #Astrology #Investment #MarketTrends
According to Odaily, Hong Kong brokerage firm CLSA has forecasted market trends for the coming year based on lunar cycles. The firm suggests that both traditional assets and cryptocurrencies will experience unpredictable changes as lunar months progress. Early spring may see a brief downturn due to youthful volatility, akin to a snake testing its limits. By mid-year, the fiery energy of the palm snake is expected to drive potential gains, pushing markets to heights not seen in a long time. Astrological indications suggest stagnation in summer, minor setbacks in autumn, but a strong and steady rise by year-end, highlighting the resilience and adaptability of cryptocurrencies in turbulent markets. CLSA advises seeking professional guidance before investing, emphasizing that their astrology-based predictions are not formal research reports.#CLSA #MarketFluctuations #LunarCycles #Cryptocurrency #Astrology #Investment #MarketTrends
🚀 Hong Kong Exchange Reports Record Profits and Revenue, Exceeding Market Expectations
#HongKongExchange #RecordProfits #RevenueGrowth #MarketExpectations #BrokerageFirms #TargetPriceIncrease #Citigroup #HSBC #CLSA #TaxRate #FinancialConductAuthority #AnnualResults
Hong Kong Exchanges and Clearing Limited (HKEX) announced its annual results on Thursday, revealing record profits and revenue for the second consecutive year, surpassing market expectations. According to Ming Pao, following the announcement, several brokerage firms raised their target prices for HKEX. Citigroup and HSBC increased their target prices from HKD 505 and HKD 510 to HKD 525 and HKD 520, respectively, maintaining a 'buy' rating for the exchange. Additionally, CLSA significantly raised its target price by approximately 34% to HKD 500, reaffirming its 'outperform' rating. The report highlighted that despite an increase in HKEX's effective tax rate and a fine from the UK's Financial Conduct Authority last year, its revenue and profits still exceeded market forecasts.#HongKongExchange #RecordProfits #RevenueGrowth #MarketExpectations #BrokerageFirms #TargetPriceIncrease #Citigroup #HSBC #CLSA #TaxRate #FinancialConductAuthority #AnnualResults