Monday 16 May

Keywords: Sohu/Tencent Music financial report

The busy week has begun, and the State Council Information Office will hold a press conference on the operation of the national economy.

For Hong Kong stocks, Man Wah Holdings (01999.HK) will release its earnings report.

For U.S. stocks, you can focus on:

• U.S. New York Fed manufacturing index for May;

• $Sohu (SOHU.US)$ , $Tencent Music (TM E.US)$ , $Tower Semiconductor (TSEM.US)$ will announce results.

• Minneapolis Fed President Kashkari will speak on energy and inflation in 2023.

Tuesday, May 17

Keywords: JD.com/Sea/Home Depot/Walmart/Earnings report, Li Auto’s annual general meeting, Federal Reserve voting committee Bullard speech

On Tuesday, on the economic data front, the U.S. will release the monthly rate of U.S. retail sales in April.

The Hong Kong stock market has begun to usher in heavy financial reports. The financial reports released on Tuesday include: $JD Group-SW(09618.HK)$ and $JD Logistics(02618.HK)$ .

According to Bloomberg analysts’ expectations, JD.com will achieve revenue of 236.768 billion yuan in Q1 2022; adjusted net profit of 2.59 billion yuan. China Merchants Securities believes that the company will still achieve significantly better performance than the industry in the first quarter, relying on its strong management and control under the self-operated model.

In terms of new shares in Hong Kong stocks, Yunkang Group (02325.HK)$ , the fifth largest domestic medical operation service company and nucleic acid testing institution, will announce the results of the lottery.

For U.S. stocks, note:

• $Sea(SE.US)$ , $Home Depot(HD.US)$ , $Walmart(WMT.US)$ , $Huya(HUYA.US)$ and other pre-market earnings reports. Generally speaking, the retail giants at the end of the commodity supply chain may have a better experience of rising inflation in the United States. Investors may be able to get a glimpse of prices from their first quarterly report-related data.

• In 2022, FOMC votes, St. Louis Fed President Bullard will speak on the economic outlook.

• It is worth noting that, according to reports, Fed Chairman Powell will also be interviewed by the Wall Street Journal on Tuesday afternoon local time. This week, the U.S. Senate confirmed Powell for re-election as Fed chairman. Powell said in an interview that the Fed has tools to bring inflation down to 2% and keep inflation under control, although the process will be painful. He also said that rate hikes would be larger or smaller depending on the economic situation, and that a soft landing could depend on factors beyond the Fed’s control.

In addition, Li Auto (LI.US) will hold its annual general meeting.

Wednesday 18 May

Keywords: Tencent/Target earnings report, Fed voter Mester speech, U.S. API and EIA crude oil inventories

Focus on the financial report of $Tencent Holdings ( 00700.HK)$; US stocks $Target (TGT.US)$ , $Lowe’s (LOW.US)$ , $Betta Fish (DOYU.US)$ , etc. will announce results, etc. Earnings before the market; $CSCO (CSCO.US)$ after the market.

According to Bloomberg analysts’ expectations, Tencent’s Q1 revenue in 2022 will be 141.148 billion yuan; its adjusted net profit will be 26.888 billion yuan. Shenwan Hongyuan predicts that Tencent’s Q1 revenue will be under pressure from the previous month, mainly due to weak consumption and repeated epidemics. The advertising and cloud business is expected to decline month-on-month; the company actively promotes measures to reduce costs and increase efficiency.

In terms of Fed dynamics, the 2022 FOMC vote committee and Cleveland Fed President Mester will make an opening speech at an expert panel meeting on inflation.

On Wednesday, the data that investors can pay attention to are: U.S. API and EIA crude oil inventories, the annualized total number of new housing starts in the United States in April (10,000 households), and the total number of building permits in the United States in April (10,000 households).

Thursday, May 19

Key words: Xiaomi financial report, the number of initial jobless claims in the United States

In terms of financial reports , companies such as $Xiaomi Group-W(01810.HK)$ , $Tongcheng Travel (00780.HK) $ , $GWD-SW(09698.HK)$ , and $Grab Holdings(GRAB.US)$ will Announce results.

Orient Securities estimates that Xiaomi’s Q1 revenue in 2022 will drop by 5% year-on-year to 73.2 billion yuan. The decline is mainly affected by the domestic and foreign epidemics, Russia-Ukraine conflicts and other major environments. The company’s smartphone, IOT and other products will be under short-term overseas shipments. Taking into account the large amount of automobile-related R&D expenses, it is expected that the adjusted net profit in 22Q1 will be about 2.8 billion yuan.

The economic data that investors can pay attention to are: the number of initial jobless claims in the United States to May 14 (10,000).

Friday 20 May

Keywords: Fogcore Technology Financial Report

In terms of financial reports, US stocks $ fog core technology (RLX.US) $ , $ Deere shares (DE.US) $ will release results before the market.

China’s one-year and five-year loan market quoted rates (LPR) for May will also be announced on Friday.

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