🔝Top mover alert: Baidu call warrant jumps 42% on stock's 8.5% gain; HSI put warrants see strong demand
✳Baidu shares $BIDU-SW(09888)$ jumped as much as 8.5% to HKD 124.30 while Macquarie's trending Baidu call warrant $Baidu MB eCW261005(W7QW.SI)$ (https://warrants.com.sg/tools/livematrix/W7QW) has rallied 42.1% to SGD 0.054 as of 1158AM
There is no put warrant available over Baidu shares
📰According to Shanghai Securities News, Baidu’s cloud ranked first among peers in China with a win of 25 projects worth 1.25 billion yuan in the first quarter
In total, major domestic cloud providers won 85 projects, with disclosed contract amounts reaching approximately 1.65 billion yuan
Baidu is scheduled to raise fees by about 5% to 30% on a range of its cloud products and services starting from April 18 (Bloomberg)
Speculation over the IPO progress of Baidu’s chip unit Kunlunxin has also helped with the shares rally
Separately, the $HSI(HSI)$ is trading to its highest level in 1.5 months, following a 1.3% increase in the HSI April futures index to 26,316 as of 12PM
China's first quarter GDP which showed real growth of 5% year-on-year (yoy) is in line with the government's annual target of "4.5% to 5%", boosted by a two-speed growth with strong exports/manufacturing and weak consumption/property
A case in point is the auto sector. In value terms, auto exports surged by 59% yoy in 1Q26, yet auto domestic retail sales fell by 9% yoy
Analysts believe that the 5% growth in 1Q26 means that policymakers will remain in wait-and-see mode
✴✳Macquarie's trending HSI call $HSI 28400MBeCW260528(NZZW.SI)$ (https://warrants.com.sg/tools/livematrix/NZZW) is up 17.8% to SGD 0.053 on the HSI's +1.3% increase while trending HSI put $HSI 24400MBePW260528(HFFW.SI)$ (https://warrants.com.sg/tools/livematrix/HFFW) which is down 20.3% to SGD 0.059 is seeing strong demand of more than 10M units as of 12PM
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