Monday December seventh

Key words: China's November trade account, RYB Education Inc's financial report

China released a lot of important data on Monday (December 7), and China's November trade account and November foreign exchange reserves need investors to focus on. In addition, in Europe, the euro zone's December Sentix investor confidence index also needs to be vigilant, which may cause greater disruption to the already sensitive sterling and euro.

In October, China's foreign exchange reserves fell for the second month in a row.At the end of October 2020, China's foreign exchange reserves stood at US $3.128 trillion, down US $14.6 billion, or 0.46 per cent, from the end of September. Wang Chunying, deputy director of safe and spokesman for the press, said that in October, China's foreign exchange market remained stable and the market transactions were rational and orderly. In the international financial market, affected by the COVID-19 epidemic, monetary and fiscal policy expectations and other factors, the US dollar index rose, while asset prices in major countries fell. Due to the combined effect of factors such as exchange rate conversion and changes in asset prices, the scale of foreign exchange reserves decreased in that month. China's foreign exchange reserves are currently expected to be $3.15 trillion in November.

Haitong said that in November, major European countries have implemented blockade measures one after another, coupled with the hindrance of the launch of a new round of US financial rescue plan, the slope of overseas demand recovery may slow. However, under the simultaneous limitation of the recovery of overseas production capacity, China's export substitution effect is expected to continue to play a supporting role, and export growth is expected to continue to rise to 13.9% in November compared with the same period last year.

Financial reportEducational institution$RYB Education Inc (RYB.US) $The results will be announced after today's US stock market trading.The management of the company will hold an earnings call at 21:00 Beijing time on December 8th.

Tuesday December eighth

Key words: White House COVID-19 Vaccine Summit, JD Health IPO

There were also few economic data on Tuesday, with Japan and the euro zone's third-quarter GDP final results on the one hand and the trade accounts of Japan and France on the other, both expected to have a limited impact on the market.

What needs to be paid attention to on Tuesday is that the White House held the COVID-19 Vaccine Summit. The optimistic news from COVID-19 Vaccine of several vaccine companies in November provided strong upward momentum to global stock markets, commodities and commodities. The US stock market has repeatedly set new record highs. Oil prices also surged more than 25% in November, and the New Zealand dollar hit a two-year high against the US dollar. The dollar and gold fell sharply, with the dollar index falling to a new level in more than two-and-a-half years, while gold fell near 1764 at one point.

At present, the approval of vaccines is speeding up, the UK is expected to implement a large-scale vaccination before Christmas, and the US is likely to follow in less than a month remaining in 2020; if there is further optimistic news from the COVID-19 vaccine summit, it will continue to boost risk-taking in the market and boost commodities and commodity currencies, while gold prices are at risk of returning to decline.

In terms of new shares, JD.com Group's third unicorn$JD Health (06618.HK) $Will go on sale today. JD Health subscribed hot, as of December 1, the end of the offering, won a margin amount of 139.911 billion Hong Kong dollars, 103.81 times oversubscribed, another market news revealed that JD Health proposed the above price limit.

Wednesday December ninth

Keywords: China CPI data, China Resources Mixc Lifestyle Services / DoorDash listing, Blue Moon ending application

During the Asian session on Wednesday, investors can simply take a look at China's November CPI data. Under the background that the domestic epidemic situation has been effectively controlled and the resumption of work and production continues to advance, the industry generally predicts that the year-on-year growth rate of CPI in November may continue to decline and PPI will repair upward.

China International Capital Corporation recently estimated that CPI fell 0.2 per cent in November from a year earlier, 0.5 per cent higher than in October, and that PPI fell further from 2.1 per cent in October to 1.6 per cent in November. Dragged down by the rising base, the Ministry of Agriculture's wholesale pork prices fell further compared with the same period last year, while vegetable prices fell year-on-year, although rent, tourism and other service prices may improve, CPI growth may change from positive to negative. Recently, investment has maintained a momentum of rapid growth, pushing up steel and non-ferrous prices; the landing of vaccines has accelerated the rise in international oil prices; and thermal coal and coking coal prices have also risen under import controls.

In terms of new shares$China Resources Mixc Lifestyle Services (01209.HK) $, $Jiayuan Services (01153.HK) $will be listed on the Hong Kong Stock Exchange today, and the American version of ele.me $DoorDash (DASH.US) $will be listed on the New York Stock Exchange. in addition, the purchase of the key new stock $06993.HK (Blue Moon Group) will be closed today.

China Resources Mixc Lifestyle ServicesThe Hong Kong public offering was nearly 30 times oversubscribedInternational placing to institutional investors was also significantly oversubscribed. In addition, the cornerstone subscription lineup is very luxurious, with 7 cornerstones (GIC, high-collar, Ping an, National tune, Matthews, GLP) subscribing for a total of US $650 million, accounting for 41.1% of the pre-issue size of high-end green shoes, including the top international and Chinese investment institutions.

DoorDash isOne of the most closely watched IPO projects in US stocks at the end of 2020.DoorDash will issue 33 million Class A common shares in the IPO, ranging from US $75 to US $85 each. based on the upper limit of the offering range, DoorDash will raise up to $2.805 billion in IPO, with an IPO valuation of $27 billion and a fully diluted valuation of about $32 billion (taking into account RSU, options, etc.).

As one of the largest IPO projects at the end of 2020, dozens of first-tier investment banks, including Goldman Sachs Group, Morgan Stanley, Barclays, Deutsche Bank, Royal Bank of Canada Capital Market, UBS Investment Bank and so on, are involved in the IPO underwriting of DoorDash.

Thursday December tenth

Keywords: us CPI data, China M2, US unemployment data, Adobe/ Costco Wholesale Corp Financial report, Airbnb IPO

The ECB's interest rate decision will be announced on Thursday (December 10). In addition, investors need to pay attention to the monthly rate of monthly CPI after the November adjustment in the United States, the number of Americans claiming unemployment benefits in the week to December 5, and the annual rate of M2 money supply in China in November.

In terms of financial results, today's US stock market ushered in a number of heavy earnings reports:$Adobe Inc (ADBE.US) $The results will be announced before the trading of US stocks.$Costco Wholesale Corp (COST.US) $、$Broadcom Ltd (AVGO.US) $、$Oracle Corp (ORCL.US) $The results will be announced after trading, and Lululemon will release results in intraday trading.

Lululemon (LULU.US) is widely expected to release better-than-expected third-quarter results.BTIG maintained its "buy" rating, with a target price of $449. Analysts at the agency said the company's digital sales in the third quarter were expected to grow by as much as 80 per cent year-on-year. Analysts believe that traffic at Lululemon stores will improve month-on-quarter in the current quarter. In addition, Lululemon is expected to do well during the Black Friday holiday shopping season.

In terms of new shares$Territory Holdings (06999.HK) $, $and Platinum Pharmaceutical-B (02142.HK) $will be listed on the Hong Kong Stock Exchange today, and US short-term rental platform $Airbnb (ABNB.US) $will be listed on Nasdaq under the stock symbol "ABNB".

Airbnb plans to issue 51.91 million Class A common shares in this IPOThe offering range ranges from $44 to $50 per share. Based on the upper limit of the offering range, Airbnb raised $2.595 billion in IPO.

In addition, underwriters including Goldman Sachs Group, Morgan Stanley, Bank of America, Barclays and Citigroup have a total over-allotment right of 5 million shares, that is, the amount of capital raised by the IPO after the implementation of the "green shoe mechanism" will reach up to US $2.845 billion.

Friday December eleventh

Keywords: American PPI monthly rate, Pop Mart International IPO

Relatively few data were released on the last trading day on Friday, with investors focused on the monthly PPI rate in November and the preliminary consumer confidence index at the University of Michigan in December.

After the US PPI fell below its previous level in October, final demand commodity prices and final service indices both rebounded. The consumer confidence index and expectation index of the University of Michigan in November were lower than the previous values, mainly affected by the presidential election and competition between the Senate and House of Representatives, the persistence of the epidemic, and the lack of effective relief and stimulus funds.

In terms of new shares, the first share of the blind box$Pop Mart International (09992.HK) $，$Datang Group Holdings (02117.HK) $Will be listed on the Hong Kong Stock Exchange today.

Previously, according to Bloomberg,Pop Mart International is considering pricing at the upper limit of the IPO price range of 38.50 yuan.. It is reported that the part of the public offering has been oversubscribed by more than 110 times, and the international placement has been closed early. Pop Mart International was listed on the new third board on January 26th, 2017. Pop Mart International lost money for three consecutive years from 2014 to 2016 and was finally delisted from the new third board in April last year. Before delisting was completed, Pop Mart International's market capitalization was 2 billion yuan.

In the new week, I wish all investors all the best and enjoy their work. Thank you for your support to Futu Information!