Stock | Investment Rating | Target Price

NEV Manufacturers
BYD COMPANY (01211.HK) | Buy | HK$130
LI AUTO-W (02015.HK) | Neutral | HK$74
XPENG-W (09868.HK) | Buy | HK$115
Tesla (TSLA.US) | Hold | US$441
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Traditional Automakers
GWMOTOR (02333.HK) | Buy | HK$24
GEELY AUTO (00175.HK) | Buy | HK$32
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Auto Dealers
ZHONGSHENG HLDG (00881.HK) | Buy | HK$22.3
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Auto Parts Sellers
WEICHAI POWER (02338.HK) | Buy | Under Review
FUYAO GLASS (03606.HK) | Buy | HK$86
MINTH GROUP-100 (00425.HK) | Buy | HK$42
BOE VARITRONIX (00710.HK) | Hold | HK$6.8
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Robot Industry Chain
HORIZONROBOT-W (09660.HK) | Buy | HK$13.8
Hesai (HSAI.US) | Buy | US$40
UBTECH ROBOTICS (09880.HK) | Buy | HK$172
DOBOT (02432.HK) | Buy | HK$76
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AAStocks Financial News
Web Site: www.aastocks.com

Meta (META.US) is planning massive layoffs that could affect at least 20% of its workforce, Reuters reported, citing people familiar with the matter.

This move aims to offset the substantial investments in AI infrastructure and prepare for increased efficiency with AI assistance.

Meta's executives have reportedly communicated the layoff plans to other senior management and instructed them to start formulating cost-cutting strategies.

However, the exact date and scale of the layoffs have not yet been finalized. A Meta spokesperson responded that this is a speculative report.
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AASTOCKS Financial News
Website: www.aastocks.com

Citi Research issued a research report lowering its 2026/ 2027 global smartphone shipment forecasts to 1.04 billion/ 1.17 billion units, representing a 17% YoY decrease/ 12% YoY increase, respectively. The broker also forecasted 2028 shipment volume to rise by 7% YoY to 1.25 billion units.

These predictions are based on memory shortages and price hikes, as well as weak demand due to rising inflation, with average selling price growth projected at 7%, 2% and 3% YoY each.

During the downcycle of the smartphone industrial chain, Citi Research continued to adopt a selective strategy focusing on component revenue-generating companies.

Among memory stocks, the broker liked SK Hynix, Sandisk (SNDK.US), Kioxia (285A.JP) and Samsung Electronics. For foldable iPhone concept, Citi Research preferred LENS (06613.HK), Amphenol (APH.US), Taiwan's Zhen Ding Tech, DONGSHAN PRECISION (002384.SZ) and TDK (6762.JP).

The broker favored LUXSHARE PRECISION (002475.SZ) for iPhone cycle and South Korea's LG Innotek and COWELL (01415.HK) for iPhone camera modules. Citi Research believed that the recent sell-off in the smartphone industrial chain will provide entry point.
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AASTOCKS Financial News
Website: www.aastocks.com

Yu Bowen, who was responsible for post-training of BABA-W (09988.HK)'s Tongyi Lab's Qwen large model, joined ByteDance, Chinese media reported. He will serve as the post-training lead for the visual models and multimodal interaction team at Seed team.
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AASTOCKS Financial News
Website: www.aastocks.com

Apple (AAPL.US) has announced a reduction in commission rates for the China App Store, according to Chinese media reports.

Starting Sunday (15th), the commission rate for iOS and iPadOS on the China App Store will be adjusted. The standard commission rate for in-app purchases and paid apps on Apple devices will be reduced from the current 30% to 25%.
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AAStocks Financial News
Web Site: www.aastocks.com

Samsung Electronics is collaborating with Nvidia (NVDA.US) to accelerate the development of next-generation NAND flash memory chips.

Samsung and Nvidia are co-developing an AI system that can rapidly expedite the R&D process of ultra-low power NAND flash memory chips based on ferroelectric materials. The performance of these chips will determine the final performance of AI chips.
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AASTOCKS Financial News
Website: www.aastocks.com

Iran said that it will continue to shut off the Strait of Hormuz, causing Brent to surge past USD100, and all three major US stock indices to close at troughs so far this year on Thursday.

The DJIA waned radically, closing down 739 points or 1.6% at 46,677, near its daily low. The Nasdaq closed down 404 points or 1.8% at 22,311. The S&P 500 sank 103 points or 1.5% to 6,672.

With soaring oil prices, airlines came under pressure, with American Airlines (AAL.US) and United Airlines (UAL.US) sagging over 4%, and Delta Air Lines (DAL.US) losing 2%. In contrast, oils benefited, with Chevron (CVX.US) and ExxonMobil (XOM.US) soaring 2.7% and 1.3%, respectively.

Banks deteriorated, with Morgan Stanley (MS.US) slipping 4.1% amid reports of the company restricting redemptions from a private credit fund. Bank of America (BAC.US) dived nearly 3%, and JPMorgan (JPM.US) shed over 1%.

Big techs declined, with Tesla (TSLA.US) down 3.1%, Meta (META.US) down 2.6%, Apple (AAPL.US) down about 2%; and NVIDIA (NVDA.US), Alphabet (GOOG.US), and Amazon (AMZN.US) down over 1%. Microsoft (MSFT.US) fell less than 1%.
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AASTOCKS Financial News
Website: www.aastocks.com

In 2M26, the cumulative retail sales of new energy passenger vehicles (NEV-PVs) in China dropped by 25.7% YoY to 1.06 million units, according to data from the China Passenger Car Association (CPCA).

In February alone, the retail sales of new energy vehicles across China fell by 32% YoY to 464,000 units.
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AAStocks Financial News
Web Site: www.aastocks.com

BMW anticipated that its profitability will remain largely flat this year given tariff costs and intensified competition in the Chinese market, foreign media reported.

The group expected that after last year's automotive manufacturing margin declined to 5.3%, this year's margin will range between 4% and 6%, but emphasized that sales in China will remain overall stable.

Since last year, BMW has been producing the first model of its new generation electric vehicle series "Neue Klasse", with an investment of approximately EUR10 billion (around USD11.5 billion).

BMW plans to release a sedan from this series next week to wrestle with brands such as BYD COMPANY (01211.HK), Tesla (TSLA.US), and XIAOMI-W (01810.HK).
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AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA (NVDA.US) launched the open-source model Nemotron 3 Super, featuring 120 billion parameters and 12 billion effective parameters, optimized for the Blackwell architecture to provide extreme computational efficiency and precision for complex multi-agent applications such as software development and network security classification, foreign media reported.

The model currently supports Google Cloud under Alphabet (GOOGL.US) and Oracle (ORCL.US) platforms, and will expand to Amazon (AMZN.US)'s AWS and Microsoft (MSFT.US)'s Azure in the future.
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AASTOCKS Financial News
Website: www.aastocks.com