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Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.

Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas

☆ China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says
▼ + stars: | 2023-12-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Tencent Music Entertainment is convincing more people in China to pay for music. Because of the size of China's market, it's more than Spotify 's claim of 574 million monthly active users —across 184 countries and territories. TME's "music value [is] still underappreciated," Morgan Stanley analysts led by Alex Poon wrote in a late November report. "We see room for [TME] music revenue to double and profit to triple in the next three years," the Morgan Stanley analysts wrote, noting "limited risks from macro and competition." Revenue from music subscriptions is estimated to rise 38% in 2023 versus 2022, Morgan Stanley estimates.

Persons: That's, Morgan Stanley, Alex Poon, ADRs, TME, Alex Yao, Gross, JPMorgan's Yao, Tencent, — CNBC's Michael Bloom Organizations: Tencent, Entertainment, Spotify, Kugou Music, JPMorgan Locations: China, U.S, Tencent, 3Q23

☆ Morgan Stanley says this China stock is a global video game 'powerhouse' with 40% upside
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Investors should scoop up shares of NetEase before it hits the global runway, according to Morgan Stanley. Analyst Alex Poon maintained his overweight rating on the China-based technology company and raised his price target by $15 to $150. "After tripling its market share in China in the last decade, NetEase is emerging as a global video games content powerhouse by forming synergistic partnerships with gaming industry veterans globally that will likely drive a similar runway for its global market share," Poon wrote in a Tuesday note. Another potential boost to NetEase's growth is its long-term goal to develop at least one-third of its global IPs in future, which would drive half of its game revenue from international markets and provide "significant upside" to its current global market share of roughly 1%, the analyst said. NetEase expects its international studios to start releasing game titles in 2025.

Persons: Morgan Stanley, Alex Poon, Poon, NetEase, — CNBC's Michael Bloom Locations: NetEase, China

☆ Hong Kong court backs same-sex married couples on equal housing rights
▼ + stars: | 2023-10-17 | by ( ) edition.cnn.com time to read: +2 min

CNN —A Hong Kong court has dismissed a government bid to deny same-sex married couples the right to rent and own public housing, saying that it was “discriminatory in nature” and a complete denial of such couples’ rights. The ruling by Hong Kong’s Court of Appeal on Tuesday is the latest in a series of legal breakthroughs for gay rights advocates in the global financial hub this year. The government had challenged two High Court rulings that it was “unconstitutional and unlawful” for the city’s housing authority to exclude same-sex couples who married abroad from public housing. A Hong Kong court in September sided with a married lesbian couple who argued that both women should have parental status over their child born via reciprocal IVF. Activists in other parts of Asia are watching Hong Kong’s courts in the hope that their rulings could influence campaigns for reform elsewhere.

Persons: Hong, Jeremy Poon, Aarif Barma, Thomas Au, Henry Li Organizations: CNN, Facebook ., Hong Locations: Hong Kong, Hong Kong’s, Canada, Britain, Asia

☆ Hong Kong court rules that gay couples get equal housing rights
▼ + stars: | 2023-10-17 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +2 min

Aerial view of residential housing seen through the window of an airplane in Hong Kong, China October 24, 2020. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsHONG KONG, Oct 17 (Reuters) - A Hong Kong court on Tuesday dismissed a government bid to deny same-sex married couples the right to rent and own public housing saying that it was "discriminatory in nature" and a complete denial of such couples' rights. The ruling by Hong Kong's Court of Appeal is the latest in a series of legal breakthroughs for gay rights advocates in the global financial hub this year. A Hong Kong court in September sided with a married lesbian couple who argued that both women should have parental status over their child born via reciprocal IVF. Activists in other parts of Asia are watching Hong Kong's courts in the hope that their rulings could influence campaigns for reform elsewhere.

Persons: Tyrone Siu, Hong, Jeremy Poon, Aarif Barma, Thomas Au, Henry Li, Kong's, Jessie Pang, James Pomfret, Robert Birsel Organizations: REUTERS, Hong, Facebook ., Thomson Locations: Hong Kong, China, HONG KONG, Hong Kong's, Canada, Britain, Asia

☆ China's big internet names have mostly beat. Here's where analysts think the stocks are headed
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

All three stocks have double-digit gains ahead of them, if the average FactSet analyst price target holds true. Still, the average price target rose by 2.4% to $118.90 a share, according to FactSet. KraneShares CSI China Internet ETF (KWEB) gained nearly 19% last month. "We expect the stock will remain volatile in the near term along with China internet peers on macro uncertainty," the report said. Loop has a $210 price target on Baidu, more than 50% above where shares closed on Friday.

Persons: Tencent, –, Louis, Vincent, Jiong Shao, Nomura, Jialong Shi, Morgan Stanley, Alex Poon, NetEase, Rob Sanderson, — CNBC's Michael Bloom Organizations: Baidu, UBS, Hong, Barclays, China Internet, CSI China Internet Locations: U.S, Europe, China, Hong Kong, Barclays China, Tencent

Pheu Thai's Srettha Thavisin attends a press conference, after Thailand's parliament voted in favour of his prime ministerial candidacy, in Bangkok, Thailand August 22, 2023. "The picture is not all wine and roses," Thailand's central bank chief Sethaput Suthiwartnarueput said in recorded remarks played on Wednesday. Tourism, a major driver of the Thai economy, has managed a robust recovery, although arrivals and tourist spending are still below pre-pandemic levels, data shows. $96 BLN BUDGETIn this first address since winning office, Srettha on Wednesday vowed to provide solutions to fix Thailand's economy, among other measures, and manage the budget transparently. But its ability to execute will depend on the military backers that Pheu Thai has allied with to be able to form a government.

Persons: Pheu, Srettha Thavisin, Chalinee, Sethaput Suthiwartnarueput, Kobsidthi Silpachai, Srettha, Goldman Sachs, Poon Panichpibool, Sanan Angubolkul, Orathai Sriring, Christina Fincher Organizations: REUTERS, Rights, Tourism, Krung Thai Bank, Thai Chamber of Commerce, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Asia's, China, Thai

☆ Hong Kong court rejects challenge by jailed media tycoon Lai over British lawyer
▼ + stars: | 2023-05-19 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +3 min

HONG KONG, May 19 (Reuters) - A Hong Kong court on Friday dismissed an attempt by jailed media tycoon Jimmy Lai to challenge a decision by security officials to effectively bar his British lawyer from representing him in a landmark national security trial. Lai's legal team filed a judicial review after Hong Kong's National Security Committee (NSC), headed by senior Hong Kong and Chinese officials, ruled that the admission of senior British barrister Timothy Owen could harm national security and advised Hong Kong authorities to reject his visa. Chief High Court judge Jeremy Poon, in dismissing Lai's challenge, said Hong Kong courts essentially had no authority over the National Security Committee. "You cannot have a body which can simply say magic words (on) national security, and be able to be free from any challenge," Pang said. Beijing imposed the national security law on Hong Kong in 2020 after months of anti-government protests.

☆ The city without TikTok offers a window to America's potential future As Americans face a future without TikTok, Hong Kong offers a glimpse into that reality
▼ + stars: | 2023-04-08 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Across the United States, more than 150 million people are being faced with the possibility of a new reality: life without TikTok. In Hong Kong, there’s no need to imagine that reality: TikTok discontinued its services there in 2020. Lost opportunitiesTikTok announced its exit from Hong Kong in July 2020, a week after China imposed a controversial national security law in the city. At the time, Instagram Reels and YouTube Shorts had yet to arrive in Hong Kong. And while they occasionally wonder what’s happening on TikTok outside Hong Kong, the allure of it is lost when nobody else around them uses it either.

☆ Lawyers exit Hong Kong as they face campaign of intimidation
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +18 min

The event that precipitated his hasty departure, Vidler said, was the appearance of articles in the state-backed media in Hong Kong about him. “This was in my view state-sponsored intimidation and harassment,” said Vidler, whose wife and children later left Hong Kong. One Hong Kong solicitor who has relocated to England told Reuters that she knew of at least 80 Hong Kong lawyers who had moved to Britain since the security law was imposed in June 2020. Another lawyer, now living in Australia, estimated that several dozen Hong Kong lawyers had moved there. Mainland officials have long sought influence over these two influential bodies, according to senior Hong Kong lawyers.

☆ Asian FX bulls return as easing China COVID curbs improves outlook - Reuters poll
▼ + stars: | 2022-12-15 | by ( Upasana Singh | ) www.reuters.com time to read: +4 min

Long positions on most other emerging Asian currencies also firmed, with those on the Malaysian ringgit and South Korean won at around two-year highs, a fortnightly poll of 10 analysts showed. Elsewhere, sentiment on China's yuan was mostly neutral, while investors turned bullish on the Philippine peso for the first time since July 2021. Long positions on the Thai baht were at their highest level since late February, while those on the Singaporean dollar were highest since early February. A turnabout of that impulse should benefit high-beta, risk-sensitive and commodity-linked FX," Barclays' analysts wrote in a note. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.

☆ Behind the vocal Asian American minority railing against affirmative action
▼ + stars: | 2022-11-01 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +9 min

As the Supreme Court weighs two high-profile cases challenging affirmative action, a vocal minority of Asian Americans continues to impact public debate. Among Chinese Americans, support for affirmative action is at 59%, the lowest within the Asian American community. This also means that they themselves haven’t experienced the benefits of affirmative action or education equity policies, Niu said. Top American universities, however, use a “holistic” admissions process in which affirmative action policies allow them to take race into account. Asian Americans do face discrimination in our society, in our education systems, but they’re not the result of race-conscious policies like affirmative action,” Chen said.

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