Market Overview - The US stock market showed signs of recovery, with the Dow Jones Industrial Average rising by 144 points or 0.31% [10] - Gold prices reached a new high, increasing by 1.37% to $4,151.61 per ounce due to heightened demand for safe-haven assets [9] - Oil prices continued to rise, intensifying inflationary pressures and drawing market attention to energy costs [9] - The yield on 10-year US Treasury bonds rose to 4.004%, indicating a shift in capital flows [9] - The South Korean won depreciated significantly, hitting a six-month low as the central bank downplayed interest rate cuts [9] Economic Data - The Eurozone's services PMI for October is estimated at 51.2, while the UK's manufacturing PMI is at 46.6 [18] - The US consumer price index for September showed a year-on-year increase of 3.10% [18] - New home sales in the US for September were reported at 708,000, reflecting an 11.50% month-on-month decline [18] Key Company Analysis - Ganfeng Lithium (1772) is experiencing a positive market sentiment due to rising lithium carbonate futures, with expectations for long-term growth driven by new production lines and projects [20] - New Energy (2688) reported a revenue of RMB 55.673 billion for the first half of 2025, a year-on-year increase of approximately 2% [20] - Cathay Pacific (293) saw a significant increase in passenger numbers, reaching nearly 2.2 million in September, a 21% year-on-year growth, indicating a recovery in demand [20] - Las Vegas Sands Corp. (LVS) exceeded expectations with Q3 revenue of $3.33 billion, a 24% increase from the previous year, driven by strong performance in Singapore and Macau [22] Investment Strategies - The report suggests a focus on sectors such as AI, renewable energy, and high-dividend blue-chip stocks for long-term investment opportunities [9] - The market is seeing a rotation of funds, with a positive outlook on Chinese banks, insurance, and technology leaders [9]

Core Viewpoint - Ganfeng Lithium has recently shown strong upward momentum, with its stock price reaching 30.8 HKD, marking a significant increase of 10.39% on Thursday (24th) with a trading volume of 1.568 billion HKD, indicating a bullish technical pattern [1][3] Technical Analysis - The stock price has encountered key technical levels, with immediate support at 26.3 HKD and strong support at 24.2 HKD, while the upper resistance is at 34.7 HKD, which is a critical psychological barrier [3] - Multiple indicators are signaling overbought conditions, with an RSI of 78, suggesting a higher probability of short-term pullbacks when RSI exceeds 75 [1] - The volatility has been significant, with a 5-day price fluctuation of 22.7%, and the implied volatility has surged by 25 percentage points, indicating potential for continued volatility [1] Market Sentiment - The recent surge in Ganfeng Lithium's stock has positively impacted related derivative products, with notable increases in warrants, such as Huatai's warrant rising by 34% and Bank of China's warrant increasing by 30% following a 7.5% rise in the underlying stock [3] - The market sentiment has improved significantly, driven by a rebound in lithium carbonate prices and a recovery in electric vehicle sales [3] Investment Products - Investors may consider bullish strategies with warrants like JPMorgan's warrant (exercise price 29.29 HKD, leverage 3.3) and Bank of China's warrant (exercise price 29.34 HKD, leverage 3.4), which are deemed relatively stable [5] - Caution is advised as the implied volatility of Ganfeng Lithium has increased, necessitating careful comparison of time decay when selecting warrants [5]