Netflix Inc Q1 new user guidelines fell short of market expectations, and many agencies downgraded their target prices and ratings.

After the US stock market opened on January 20, US Eastern time.$Netflix Inc (NFLX.US) $Announced its results for the fourth quarter of 2021. Looking forward to the first quarter of 2022, Netflix Inc expects the number of paid users of streaming media to increase by 2.5 million, far below market expectations of an increase of 6.26 million, compared with an increase of 4 million in the same period last year. In response, the company said that the new user guidelines reflect that Q1 will have more back-end weighted content in 2022, and that although user retention and user stickiness remain healthy, user growth has not yet accelerated back to pre-epidemic levels. this may be affected by factors such as the current epidemic and macroeconomic difficulties in regions such as Latin America. In addition, the company expects Q1 revenue of $7.903 billion and net profit of $1.304 billion, or $2.86 per diluted share, and expects full-year operating profit margins of 19-20 per cent in 2022.

Credit Suisse, Baya, Barclays and other institutions have downgraded the price and rating of Netflix. Credit Suisse downgraded Netflix Inc to neutral from outperforming the market, with a target price of $450 from $740; Baya downgraded Netflix Inc to neutral from $575 to $420; and Evercore ISI downgraded Netflix Inc from outperform to in-line, with a target price of $525 from $710.

As of press time, Neflix fell 21.18% to $400.60.

Piper Sandler: downgrade AMD's rating from "overweight" to "neutral" and target price from $140to $130

Harsh Kumar, an analyst at Piper Sandler, is cautious about the broader view that demand for chips in the automotive industry will become broader, arguing that the supply chain will gradually return to normal in the second half of 2022, which could "weaken" chip orders and suppliers' ability to price chips.

Kumar said that once the balance between supply and demand is restored, the growth rate of chip orders is likely to be slower than in the past few years. He downgraded after taking into account the slowdown in the PC market in 2022, the resistance to earnings growth caused by the acquisition of XLNX.US, and the uncertainty surrounding high valuation multiples and high-growth technology stocks.$Advanced Micro Devices Inc (AMD.US) $At the same time, he believes that the stock price is more likely to go down than up at present.

As of press time, AMD fell 1.26% to $120.36 before trading.

Daiwa: reiterate AIA Group Limited's "buy" rating target price of HK $142,

Daiwa issued a research report, reiterating that$AIA Group Limited (01299.HK) $The "Buy" rating, with a target price of HK $142, cut its forecast for the value of new business in 2022 from US $4 billion to US $3.8 billion, forecast for 2021-22 inclusive and after-tax operating profit by 1 to 3 per cent, and adjusted down the 2021-23 earnings per share forecast by 0 to 5 per cent in response to investment.

According to the report, in terms of real exchange rates, the value of AIA Group Limited's new business in 2021 is expected to grow steadily by 17 per cent year-on-year to $3.24 billion, meaning it rose 6 per cent year-on-year in the last quarter of last year; implied value increased by 8 per cent year-on-year; shareholders' operating profit after tax increased by 9 per cent year-on-year, and dividends increased by 9 per cent. AIA has successfully recruited agents in the mainland, and it is expected that the positive momentum of new business value profit margin and first-year premium income in the third quarter of the Hong Kong business will continue in the fourth quarter. It is also believed that with the relaxation of epidemic prevention measures, the business environment in the ASEAN region improved in the fourth quarter of last year compared with the first nine months of last year.

AIA Group Limited closed up 0.11% at HK $88.80 today.