What are people's views on the A-share market performance on October 19, 2026?

The July downturn was primarily driven by deleveraging in line with corresponding benchmark stocks in South Korea, Japan, and the U.S.; ChiNext—having the highest leverage—rose the most and thus fell the hardest, with quantitative trading strategies amplifying the decline ('big fish eating small fish'). The current decline stems from quant funds attempting to recoup earlier losses. Meanwhile, the 'domestic substitution' tailwind has largely run its course, triggering a corrective pullback. As for why the drop has been so severe and painful: domestic companies were already trading at relatively high valuations. For instance, semiconductor equipment substitution is projected—based on DUV delivery volumes reaching 20–30% of ASML’s annual output by 2027–2028—to support EUV pilot production. Major players naturally avoid holding positions at elevated levels, especially amid recent weak external markets, persistently high oil prices, and accumulating AI-related financing risks. Following Anthropic’s closed-door meeting, its valuation was slashed by 25% to $15 billion; rumors about an IPO delay have surfaced, though I’ve found no verified news confirming this—further underscoring the genuine liquidity crunch in the market.

How should we assess Citigroup’s July 14 downgrade of Seres to 'Sell' (i.e., 'sell as soon as possible') for both its A- and H-shares, along with its substantial target-price cut? Is this assessment reasonable?

Seres surged from 22 to 140, then climbed further—from 140 to nearly 170—over roughly a year. By then, perhaps even the 'market manipulators' had already cashed out and exited. Currently, its share price stands at around 50, with a market capitalization nearing RMB 100 billion. When rising, it can far exceed expectations; when falling, it can plummet just as dramatically. This current price may well represent its future peak; its trough could potentially fall to around 20, while its fair value likely resides near 30. Any stock on China’s A-share market that surges tenfold or eightfold will inevitably end up in shambles. Yet one must still admit: a carmaker—thanks solely to its association with Huawei—managed to rally massive consensus and momentum. Focusing purely on automobile manufacturing and sales, Seres’ vehicle production facilities are truly impressive, and the 'AITO' brand has firmly established itself in consumers’ minds! With an average vehicle price exceeding RMB 300,000, AITO dealerships now exist in virtually every county-level city across China—a distribution network and sales footprint that guarantees robust sales volume. Many will surely scoff that consumers are naive and overpaying. But seriously—if you’re so smart, why aren’t you profiting from these 'naive' buyers? Don’t apply stock-market logic to real-world business—and don’t apply real-world logic to the stock market. Instead, reflect deeply on why you remain a 'chive' (a retail investor perpetually losing money), and why you consistently lose money in repeated buy-sell cycles.

Is Methanex (MEOH) Stock Undervalued Right Now?

Oct 16, 2026

Methanex Corporation is rated as an undervalued stock with a Zacks Rank #1, showing attractive valuation metrics compared to industry averages and a strong earnings outlook.