Express News | Alibaba: repurchased 5.7328 million shares on September 16, spending approximately $59.981 million.
The U.S. stock market hit a new high again, with Chinese concept stocks and cryptos surging! Waiting quietly for the "crucial moment".
After the overnight Dow Jones Industrial Average and S&P 500 index hit new highs in intraday trading, the Japanese stocks also opened strongly.
Selected Announcement | Germed Pharma announces entry into the field of weight loss drugs; Cathay Pacific Airways' passenger carried in August increased by 16% year-on-year.
On September 17th, Tencent spent 1.001 billion Hong Kong dollars to repurchase 2.64 million shares; Meituan spent approximately 0.161 billion Hong Kong dollars to repurchase 1.2636 million shares.
Citi maintained a 'buy' rating for Hong Kong Exchanges and Clearing (00388.HK) amid IPO and Alibaba's expansion to the south, with slightly positive trading.
According to a report released by Bank of America Securities, the fundraising scale of Hong Kong IPOs in the first eight months of this year remains sluggish, declining by 5% year-on-year to approximately 19.8 billion yuan. During this period, a total of 43 companies went public through IPOs, compared to 39 in the same period last year. Although the recent large-scale IPO from the mainland in September, as well as the upcoming IPO planned for the fourth quarter of this year, are expected to exceed last year's financing scale of 46 billion yuan, the bank predicts that this year's financing scale will reach 90 billion yuan, still lower than the 105 billion yuan in 2022 and the 300 billion to 400 billion yuan level from 2018 to 2021. The bank states that
Express News | According to Bloomberg, Indonesian internet company GoTo has signed a memorandum of understanding with Alibaba to use cloud technology.
《Da Xing》 Bocom Intl's rating, target price, and valuation forecast for Chinese e-commerce stocks (Table)
BOCOM International released a report stating the investment ratings and target prices for Chinese e-commerce stocks: Alibaba (BABA.US) Buy Target price: $111 PDD Holdings (PDD.US) Buy Target price: $194 Meituan (03690.HK) Buy Target price: HK$136 JD.com (JD.US) Buy Target price: $41 Kuaishou (01024.HK) Buy Target price: HK$54 ---------------------------- The bank also listed the valuation forecasts for e-commerce stocks and international e-commerce stocks: Stock Forecasted P/E ratio for 2025