Editor's note: Hong Kong stock html's largest IPO in 3 years is here! days Qi Lithium and 9 new stocks were listed on the Hong Kong Stock Exchange; inflation may not have reached its peak! Economists expect the US CPI may continue to hit a new high in more than 40 years in June; Fed will announce the economic status Beige Book
Editor: Jling
1. Macro-based
Non-farm employment in June last week exceeded expectations, further strengthening the Federal Reserve's expectation of hiking interest rates by 375 basis points in July. New York Fed President Williams said policymakers are “firmly committed to” getting inflation back to the target level of 2%, and the rate of rate hikes will depend on the economic situation. This week will usher in the US June CPI data and the US stock Q2 financial report season, which may become a catalyst for market fluctuations in the coming week.
will be released on Wednesday. U.S. June Consumer Price Index (CPI) may have a significant impact on the market. Economists expect the year-on-year growth rate of CPI in June may further increase - that is, higher than 8.6% in May, which means that U.S. inflation data may continue to hit a new high in more than 40 years.
Michael Arone, a state-owned global investment strategist, said the risk the market is that inflation may not have peaked. In addition, this week's data such as US June PPIhtml March rate and China's second quarter GDP annual rate are also worth paying attention to. In terms of the
incident, this week, the focus will be on the Fed's Beige Book, Federal Reserve official Bostic will speak on monetary policy , and Federal Reserve Director Waller's speech on the outlook for the US economy.
It is also worth mentioning that last week, British Prime Minister Johnson resigned as leader of the Conservative Party, but did not immediately resign as prime minister, saying that he would insist on staying until this fall until the Conservative Party elects a new leader. The British Conservative Party's 1922 committee will hold internal elections on Monday, and the new committee will modify the rules of voting for confidence and may initiate a vote of distrust in Johnson in advance.
2. In terms of new stocks,
In terms of new stocks in Hong Kong, 9 new stocks will be listed on the Hong Kong Stock Exchange this week. It is worth mentioning that Tianqi Lithium, which will be listed on Wednesday, may be the largest IPO of the Hong Kong Stock Exchange this year.
The day before yesterday, Qi Lithium issued an announcement on the evening of July 7 that the final price of the issuance of H shares is HK$82 per share, and is expected to be listed on the Hong Kong Stock Exchange and start trading on July 13. The H shares code is 9696.HK, with 200 shares per lot.
As the dust of H shares issuance settled, Tianqi Lithium, which had been in a funding crisis due to the acquisition of Chile lithium miners, has passed the darkest moment: A shares share price hit a new high, performance increased with the rise of lithium prices, and the amount of funds raised by the successful issuance of H shares will be used to repay the acquisition loan.
New U.S. stocks, 's US stock IPO market is temporarily expected to usher in 7 new stocks, namely NeoVolta (NEOV), Nano Labs Ltd. (NA), Warrantee Inc. (WRNT), Netcapital Inc. (NCPL), Virax Biolabs Group Limited (VRAX), Treasure Global Inc. (TGL), Onfolio Holdings Inc. (ONFO). Among them, Onfolio Holdings Inc., Nano Labs Limited and Virax Biolabs Group are postponing its listing. NeoVolta, a supplier of
energy storage system, plans to go public on on Monday, intending to issue 1.1 million shares, and plans to raise about US$4.5 million. NeoVolta's stock is currently trading on with the trading code NEOV. Headquartered in , CA, , the company designs, manufactures and sells high-end energy storage systems for commercial and residential sites.
Japanese marketing and market research technology company Warrantee Inc. plans to list on Tuesday, issuing 2.1 million shares at a price of $6.00-8.00 per share, planning to raise $15 million. Data shows that the company has revenue of $2.1 million and net loss of $210,000 in the past 12 months.
Netcapital Inc. plans to list on Wednesday, intending to issue 800,000 shares at $7.65 per share to raise $6 million. Last year, Netcapital Inc. achieved revenue of $3.6 million and net revenue of $3.6 million.
Treasure Global Inc. plans to list on Thursday, intending to issue 3 million shares at a price of $4.00-6.00 per share, and plans to raise about $15 million.Its proprietary product is an internet application called "ZCITY App" which was successfully launched in Malaysia in June 2020. As of March 22, 2022, it has more than 1.1 million registered users and more than 1,900 registered merchants.
The IPO time of the US stock market may change at any time (including in advance, etc.), and investors need to continue to follow up on relevant news.
3. In terms of financial report
US stock Q2 financial report season is about to kick off! Morgan Stanley Analysts believe that the Russian-Ukrainian war and the COVID-19 pandemic have had a worse impact on the economy than expected, and the upcoming U.S. stock financial report season will play an important role in the subsequent trend of U.S. stocks. There are already signs that earnings expectations for the financial report in the next few months will be significantly lowered. Howard Silverblatt, senior stock analyst at S&P , said that inflation and rising costs will become an important topic in (Q2 earnings call), and corporate executives will also talk about a lot of topics about the impact of changes in exchange rate on operations. Richard Bernstein, CEO of
consulting firm Richard Bernstein Advisors, said the management team's wording will be more cautious . We are on a slower side of the profit cycle, which does not mean that profits will fall, which may be what will happen at the end of this year or next year, but it is obviously past the peak of profit growth.
overall market performance and industry performance forecast, according to FactSet data, expects U.S. stock earnings per share to grow by 4.1% year-on-year, which may be the slowest growth rate since the fourth quarter of 2020; revenue expectations are slightly optimistic, and S&P's sales are expected to increase by 10.1% year-on-year, or the increase is more than 10% for the sixth consecutive quarter. expects revenue in 11 industries of S&P to achieve year-on-year growth; sales in five industries are expected to see double-digit growth, and the energy and materials industries are expected to lead the rise. expects the energy industry to increase by 217% in Q2, and the industry's revenue will also hit a record year-on-year growth of 44.9%.
will lead the list this week, among which JPMorgan Chase and Morgan Stanley will release financial reports on Thursday Eastern Time, and banks such as Wells Fargo and Citigroup will release financial reports on Friday. It is also worth noting that chip giant TSMC will disclose its quarterly report on Thursday.
In the previous quarter report released, TSMC's revenue hit a new high, reaching US$17.57 billion. Based on the business prospects at that time, the management of company expected revenue of US$17.6-18.2 billion in the second quarter, with a gross profit margin of between 56% and 58%, and an operating profit margin of between 45% and 47%. In terms of html's monthly revenue in August, data released showed that TSMC's revenue in April was US$5.815 billion, exceeding US$6 billion for the first time in May, reaching US$6.277 billion.
TSMC Vice President and CFO Huang Renzhao previously said that strong demand for high-performance computing business and automobile-related businesses has pushed up their performance. In the second quarter, it is expected that demand for these two major businesses will remain strong and will offset the impact of seasonal changes in smartphone-related businesses.
Hong Kong stocks have no major financial reports this week.
or above are the key events of the week compiled by Fazi for everyone~ I wish you a smooth investment in the new week~
