PRE-MARKET CHINESE STOCK STORIES: Mainland China on holiday
- China Xinlianxin Fertilizer (1866 HK) - Co. was upgraded to Buy from Neutral by Goldman Sachs, with the price target nearly doubled to HKD 14 on higher payout ratios and urea prices. (Goldman Sachs)
- Evergrande Property Services (6666 HK) - Co. entered exclusive negotiations with Guangdong Tourism Holding Group for a potential sale of a 51.016% stake. (Newswires)
- HSBC Holdings (5 HK) - Co. is holding a board meeting on 5 May to approve Q1 2026 results and consider an interim dividend, with consensus EPS seen at USD 0.43. (Newswires)
- Sa Sa International (178 HK) - Co. expects FY profit to more than double to HKD 190mln–205mln, supported by online business growth. (Company Update)
- Standard Chartered (2888 HK) - Co. saw Citi raise its 2026 EPS forecast by 12% following strong wealth management income growth. (Citi)
- Weichai Power (2338 HK) - Co. shares hit record highs after an HSBC report highlighted strong backlog growth from key customer Generac. (HSBC)
Context
The pre-market news highlights ongoing corporate developments amid China's holiday, with significant upgrades and negotiations that may impact investor sentiment. Notably, Goldman Sachs has upgraded China Xinlianxin Fertilizer significantly, and Evergrande's potential stake sale could enhance its liquidity outlook, while strong earnings forecasts from HSBC and Standard Chartered could bolster confidence in the banking sector. Keep an eye on how these stories may influence trading dynamics and market sentiment as trading opens.
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