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<Research> CICC Cuts KINGSOFT TP to HKD28; Deepens Reform of Gaming Business
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<Full-day Takeaway>HSI Closes at 25,398, Up 215 pts; HSTI Closes at 4,964, Up 80 pts; MEITUAN Up over 6%; CHINA RES POWER, CATL, HUANENG POWER, CHINA POWER Hit New Highs; Market Turnover Rises
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SERES' Saidou Tech Introduces CATL/ Others as Shareholders
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<Research> Guotai Haitong: LENOVO GROUP Poised for Valuation Re-rating
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CATL Completes 1,650 Chocolate Battery Swap Stations, Targets 3,000+ by Year-end
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CATL: Series of Sodium-ion Battery Products to Enter Mass Production This Year; Next Focus on Lithium-air Battery Deployment
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SK Hynix Cheongju Plant Fire Sends 7 to Hospital; Production Unaffected
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G Sachs: Market in Extreme Greed with Overheating Risk, Single AI Narrative May Be Near Inflection Point
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G Sachs Raises 12-Month TP for Europe Stoxx 600 to 660
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<Asia> Japan, S Korea, Taiwan Stocks Hit Record Highs; SoftBank Surges 14% to Overtake Toyota as Japan's Most Valuable Firm; Samsung Electronics Jumps 10%
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Shanghai and Shenzhen A-Share Indices Fall 0.3% to 2.2% for the Day; SMIC , HUA HONG Slide Over 5%
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<Research>G Sachs Ratings, TPs on CN Developers (Table)
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<Econ> Germany Apr Retail Sales Down 0.3% MoM, Smaller-than-Expected Decline
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G Sachs Raises SKB BIO TP to HKD561.4, Rating Buy
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XIAOMI-W: MiMo-V2.5 Achieves 5 Core Breakthroughs; Break-even despite Price Cut
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HK & CHINA GAS: Gas Costs Up 10%; Company In Talks with Govt on Price Hike
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<Research> CICC Raises BOC HONG KONG TP to HKD50.4, Rapid Growth in SE Asia Business
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G Sachs: Tier-1 City Home Prices Encouraging; CHINA OVERSEAS and CHINA RES LAND Cash Earnings Expected to Rise 30-50%
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CICC Cuts LI AUTO-W TP to HKD80; 1Q26 Results In Line
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<Research> BofAS Lifts DELL TECHNOLOGIES INC. TP to USD500 on Earnings Beat Expectations
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