In today’s briefing:
- Changhong Jiahua (3991 HK): Expect Sichuan Changhong To Make An Offer
- [IO Technicals 2025/37] Bullish Rally Flickers Out
- TAL Education Group: What Is The Expected Impact Of AI-Powered Content & Learning Tools?
- Hang Seng Index (HSI) Profit Targets: Has The Rally Topped?
Changhong Jiahua (3991 HK): Expect Sichuan Changhong To Make An Offer
- Changhong Jiahua Holdings (3991 HK) (CJ), which is principally engaged in the distribution of consumer electronic products, is suspended pursuant to the Takeovers Code.
- Sichuan Changhong Electric Co, Ltd. (600839 CH) holds ~60.13% of the shares outstanding. And 100% of the preference shares (76.7% of shares out).
- This week, a final judgement, concerning monies owed, was ruled in CJ’s favour. The sum involved is ~30% of CJ’s market cap.
[IO Technicals 2025/37] Bullish Rally Flickers Out
- Supply jitters and China’s steel rebound lifted prices, as Rio faces local refining pressure and Brazil fire fears linger.
- Managed money participants are rebuilding bullish bets, lifting net longs and open interest, signalling revived demand and expectations of further gains.
- Prices pulled back after hitting the upper Bollinger band, hinting at profit-taking as traders watch the basis band for support.
TAL Education Group: What Is The Expected Impact Of AI-Powered Content & Learning Tools?
- TAL Education Group reported robust financial performance for the first quarter of fiscal year 2026, showcasing significant revenue growth while managing to improve operational efficiency.
- The company recorded net revenues of $575 million, marking a 38.8% increase year-over-year, with a notable rise in gross margin from 51.7% to 54.9%.
- Operating income improved significantly with TAL turning a previous operating loss into a profit of $14.3 million, demonstrating enhanced operational leverage and cost management.
Hang Seng Index (HSI) Profit Targets: Has The Rally Topped?
- The Hang Seng Index (HSI INDEX) has been rallying +37% since its plunge to 19260 on April 7th. It is +6% higher than its previous high in mid-March.
- The sentiment towards the index remains positive lately, and our model indicates the HSI is a bit overbought but could go higher.
- The HSI INDEX starts to be toppish around 26874 (75% prob. of reversal). Covering past that point is not a bad idea, especially if the index is up 3-4 weeks.
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