China Market Update: NPC’s Government Work Report Reviewed – Consumption, Consumption, Consumption & AI [Forbes]

Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) (YMM)
Company Research
Source: Forbes
The lack of Western media coverage is interesting, so I pulled out the choice lines. Consumption comes up a lot, indicating where policy support is headed. Artificial Intelligence (AI) was also explicitly mentioned. Real estate was not as big of a focus, though a large part of the bond issuance is linked to real estate support as local governments have been given more latitude to support project completion. Jonathan Krane's thesis in creating our firm was to align China investment products with government policy. We are looking good in 2025 as this top-down consumption directive is implemented by government agencies and local governments. Numerically, the report was largely in line with expectations that were low to begin with, though the verbal was s
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News
- Full Truck Alliance Co. Ltd. (NYSE: YMM) was given a new $18.00 price target on by analysts at Industrial Alliance Securities.MarketBeat
- Full Truck Alliance Co. Ltd. (NYSE: YMM) had its price target raised by analysts at Barclays PLC from $7.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Full Truck Alliance Co. Ltd. (NYSE: YMM) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $18.00 price target on the stock, up previously from $13.00.MarketBeat
- Full Truck Alliance Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Full Truck Alliance (YMM) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
YMM
Earnings
- 3/5/25 - Beat
YMM
Sec Filings
- 3/11/25 - Form 144
- 3/10/25 - Form 144
- 3/7/25 - Form 144
- YMM's page on the SEC website