>>> Hong Kong stocks in focus

Hong Kong stocks in focus:


- (CN) China confirms 224 coronavirus cases so far – CCTV (from Jan 20th)
- (CN) China city of Wuhan reports 4th death from pulmonary coronavirus; Shanghai confirms 2nd case
- (HK) Moody's cuts Hong Kong sovereign rating from Aa2 to Aa3 (one notch); Outlook to stable
- (HK) Hong Kong Dec Unemployment Rate: 3.3% v 3.3%e
- IMF UPDATES ITS WORLD ECONOMIC OUTLOOK (WEO): Cuts 2020 Global GDP growth forecast from 3.4% to 3.3%; Cuts 2021 Global GDP growth forecast from 3.6% to 3.4%

Consumer Discretionary
1913.HK Prada: Could be looking for a buyer - WWD

Energy
386.HK Sinopec: Reports FY19 Crude production 284.22Mboe, -1.5% y/y; Natural gas production 1,047.8bcf, +7.2% y/y

Financials
218.HK Shenwan Hongyuan: Guides FY19 Net +40% y/y

Industrials
631.HK Sany Heavy: Guides FY19 Net (CNY) 10.8-11.8B, +77-93% y/y

Materials
0486.HK Rusal: Shares rose over 12.5% on Monday

Telecom
762.HK China Unicom: Reports Dec Net loss of 2.8M subscribers to 318.5M
728.HK China Telecom: Reports Dec mobile net adds 1.2M for total subscribers of 335.6M

>>> Europe : Brokers Upgrades & Downgrades - 20th of January 2020 V2(+)

>>> Up
* Auto Trader Raised to Add at Peel Hunt; PT 600 pence
* Auto Trader Raised to Buy at Goldman; PT 688 pence
* Barratt Raised to Neutral at Goldman; PT 720 pence
* EMS-Chemie Raised to Hold at MainFirst; PT 652 Swiss francs
* EMS-Chemie PT Raised at Baader Helvea from 485 to 510
* Medacta Raised to Outperform at Credit Suisse
* Mediaset Espana Raised to Neutral at Goldman; PT 6 euros
* Moneysupermarket Raised to Add at Peel Hunt; PT 375 pence
* Novo Nordisk Raised to Buy at Pareto Securities; PT 445 kroner
* ProSieben Raised to Buy at Citi
* Rheinmetall Raised to Buy at Commerzbank; PT 130 euros (+)
* Ricardo Raised to Hold at Berenberg; PT 770 pence
* SoftwareONE Raised to Buy at Deutsche Bank
* Stroeer Raised to Buy at Goldman; PT 86.40 euros
* UDG Raised to Buy at Berenberg; PT 920 pence

>>> Down
* Air France-KLM Cut to Neutral at Davy (+)
* Atresmedia Cut to Sell at Goldman; PT 3.20 euros
* Asos Cut to Underweight at Morgan Stanley; PT 2,000 pence
* Avon Rubber Cut to Hold at Berenberg; PT 2,300 pence
* Bloomsbury Publishing Cut to Add at Peel Hunt; PT 315 pence
* Cairn Energy Cut to Hold at Stifel; PT 201 pence
* Coats Cut to Hold at Berenberg; PT 80 pence
* ConvaTec Cut to Underweight at JPMorgan; PT 168 pence
* GEA Group Cut to Sell at Deutsche Bank; PT 24 euros
* Geberit Cut to Underperform at Credit Suisse
* Hexagon Cut to Hold at Deutsche Bank; PT 580 kronor
* Jungheinrich Cut to Sell at Berenberg; PT 17.50 euros
* Lagardere Cut to Neutral at Goldman; PT 21.80 euros
* Legrand Cut to Hold at Deutsche Bank; PT 78 euros (+)
* M6 Cut to Neutral at Goldman; PT 17.50 euros
* Reach Cut to Hold at Peel Hunt; PT 150 pence
* Wolters Kluwer Cut to Sell at Goldman; PT 58.40 euros
* WPP Cut to Neutral at Goldman; PT 1,160 pence
* YouGov Cut to Add at Peel Hunt; PT 700 pence

>>> Initiation
* DFDS Rated New Hold at ABG; PT 335 kroner
* Gazprom GDRs Reinstated Neutral at Credit Suisse; PT $9
* Sandvik Reinstated Buy at Deutsche Bank(+)

>>> Call
* Asos Consensus Too High, Downgraded at Morgan Stanley
* UDG Upgraded at Berenberg Citing Growth Momentum, Expected M&A
* Ricardo Raised, Coats Cut at Berenberg on Mixed Industrials Viewn (+)

>>> Stoxx 600 Pre-Market Indications

  • Qiagen (QIA TH) +6.5%
    • Qiagen Gains After CTFN Says Co. Talking to An Interested Party
  • Enel (ENL TH) +3%
  • ProSieben (PSM TH) +2.3%
    • ProSieben Raised to Buy at Citi
  • Taylor Wimpey (TWW TH) +2.1%
  • Wirecard (WDI TH) +2%
    • Wirecard AG: Wirecard and EasyTransfer make payment easy for international Chinese students
  • IAG (INR TH) +1.8%
    • Stock gained 5.1% Friday on removed non-EU shareholding limit
  • BAE (BSP TH) +1.7%
    • BAE Buys Collins Aerospace’s Military System Ops for $1.925b
  • Novo Nordisk (NOVC TH) +1.7%
    • Novo Nordisk Raised to Buy at Pareto Securities; PT 445 kroner
  • SSE (SCT TH) +1.7%
  • United Internet (UTDI TH) -0.9%
  • GEA Group (G1A TH) -2%
    • GEA Group Cut to Sell at Deutsche Bank; PT 24 euros