Daily US Stock Market News Briefing (March 14, Friday)

USHK News
2025.03.14 13:09

Individual Stock News

  1. According to insiders, in order to regain market share in China, Tesla (TSLA.O) is developing a low-cost version of its best-selling Model Y in Shanghai.

  2. Hon Hai's Q4 revenue for fiscal year 2024 is NT$2.13 trillion, with market expectations at NT$2.09 trillion. The operating profit for the fourth quarter is NT$64.48 billion, estimated at NT$61.82 billion. Hon Hai's total revenue for the entire year of 2024 is NT$6.86 trillion, estimated at NT$6.82 trillion, with a net profit of NT$152.71 billion, estimated at NT$159.39 billion.

  3. Li Auto (LI.O): In 2024, Li Auto's total revenue reached RMB 144.5 billion, a year-on-year increase of 16.6%, with a net profit of RMB 8 billion, a year-on-year decrease of 31.9%. The total revenue for Q4 2024 is RMB 44.3 billion, a year-on-year increase of 6.1%, with a net profit of RMB 3.5 billion, a year-on-year decrease of 38.6%.

  4. RLX Technology (RLX.N): The total operating revenue for 2024 is RMB 2.75 billion, a year-on-year increase of 73.3%. Under non-GAAP, the adjusted net profit for the year is RMB 930 million.

  5. Tuniu (TOUR.O): The net revenue for 2024 is RMB 513.6 million, a year-on-year increase of 16.4%. Under non-GAAP, the net profit for 2024 is RMB 83.7 million, compared to a net loss of RMB 101.1 million in 2023.

  6. Mizuho Bank: Downgraded NVIDIA's (NVDA.O) target price from $175 to $168.

  7. Wells Fargo: Downgraded Tesla's (TSLA.O) target price from $135 to $130.

  8. Douyu (DOYU.O): The Q4 and full-year financial report for 2024 shows Q4 revenue of RMB 1.136 billion, with an adjusted net loss of RMB 68.8 million, and full-year revenue of RMB 4.271 billion, with an adjusted net loss of RMB 240 million.

  9. Stellantis (STLA.N) has reached an electric truck supply agreement with Iveco to expand its European market

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