Big Move! Netflix Ratings and Target Price Both Significantly Raised! Can BYD Rise Another 130%?

Goldman Sachs: Upgrades Netflix from "Sell" to "Neutral" with a target price increase of 74% to $400

Based on the latest closing price of $441.44, this price implies a downside of 9%.

The bank stated that Netflix's measures against shared accounts have been more effective than expected, and Netflix has also regained momentum in content creation in some way, helping to eliminate growth obstacles after the pandemic.

Wedbush: Maintains "Outperform" rating on Tesla with a target price of $300

Based on the latest closing price of $279.82, this price implies an upside of 7%!

The bank pointed out that Tesla's second-quarter deliveries far exceeded Wall Street's general expectations. Tesla has debunked the notion of a "dark background" and put the bears back into "hibernation mode," which could be a long process of short covering.

The bank stated that the price reduction measures at the beginning of 2023 have brought huge profits to Tesla, and strong demand and high production efficiency have also resulted in a large-scale delivery volume for this quarter that exceeded market expectations. The bank believes that with strong quarterly delivery data, Tesla is still expected to achieve its delivery target of 1.8 million vehicles this year, and profit margins are expected to bottom out in the next 1-2 quarters and start to rebound in the 2024 fiscal year.

Citi: Gives BYD a "Buy" rating with a target price of HK$602

Based on the latest closing price of HK$262.2, this price implies an upside of 130%!

The bank expects BYD's net profit for the second quarter of this year to be between 5 billion and 5.7 billion yuan, an increase of 25% to 30% compared to the previous quarter. The net profit per vehicle is expected to be between 7,500 and 8,000 yuan, an improvement compared to the range of 7,000 to 7,500 yuan in the first quarter. The bank expects continuous improvement in delivery volume, aiming for a target of 3 million vehicles sold for the whole year.

According to the bank's survey of dealers, as of the end of June, BYD had a backlog of orders yet to be delivered, ranging from 250,000 to 280,000 vehicles. It is also expected that exports will further accelerate, with an estimated export volume of 70,000 vehicles in the first half of the year and a faster pace of 130,000 vehicles in the second half.

UBS: Gives Netease-S a "Buy" rating, raises the target price from HK$175 to HK$178, a 2% increase

Based on the latest closing price of HK$155.1, this price implies an upside of 15%!

The report stated that the company's MMORPG game "Justice" was officially launched on June 30 and quickly rose to second place on the iOS bestseller list. The bank believes that the strong performance of this game release is in line with market and bank expectations. The bank believes that the group's ownership of this IP should allow for greater flexibility in content updates. According to the bank, due to investors' preparation for the highly anticipated game "Nishuihan," its recent performance has been strong. With the recent strong revenue from the game included in the income statement, the bank believes that market forecasts for the group's second and third quarters are expected to be revised upward, making any recent declines particularly attractive buying opportunities.

UBS: Initiates "Buy" rating for Jiuliujiu, with a target price of HK$19

Based on the latest closing price of HK$13.26, this price implies a 43% upside potential!

The bank expects Jiuliujiu's average annual compound revenue growth rate for the fiscal years 2023 to 2025 to reach 32%, the highest among covered domestic demand stocks. Looking ahead to the peak season and summer vacation, there are potential catalysts for the stock price, including macroeconomic and consumption policy support, as well as positive earnings surprises in the first half of the year.

The bank points out that due to a slower-than-expected recovery momentum, market confidence in the mainland catering industry has eased. As a result, Jiuliujiu's stock price has fallen by 41% from its high this year. However, the bank believes that the recovery rate of Jiuliujiu's subsidiary, Tai'er, and the Jiuliujiu brand is still the highest among listed leisure catering peers.