Official announcement! Alibaba will be included in the Hang Seng Stock Connect Hong Kong Index starting from October 28th.
In the past 90 days, a total of 15 investment banks have given alibaba a buy rating, with an average target price of 106.35 Hong Kong dollars.
As the Renminbi weakens, the Hang Seng Index fell by over 800 points in the afternoon, with the Hang Seng Technology Index plummeting by over 4%. Domestic demand, domestic insurance, ATMJ, and other sectors are under pressure.
On the night of the 14th, the three major US stock indices performed well, with the Dow and s&p 500 indices hitting historic highs. The AI chip leader, Nvidia (NVDA.US), also reached a peak. Major stock markets in the Asia-Pacific region generally rose on Tuesday the 15th, with the Nikkei/Yen index rising for the fourth consecutive day, reclaiming the 40,000 points level. The Australia 200 index hit a record high, and the Taiwan stock market also rose to a near three-month high. However, the Shanghai, Shenzhen, and Hong Kong stock markets were slightly weak, with sharp declines in the afternoon. Mainland China announced a 2.4% year-on-year increase in exports in September in US dollars, far below market expectations; Imports in September calculated in US dollars increased by 0.3% year-on-year, slightly below market expectations. The offshore renminbi briefly fell below the 7.13 level today.
Express News | Barclays: Raises alibaba's target price
Market Chatter: JD.com Posts Largest Revenue Among Chinese Private Companies for Third Straight Year in 2023
jd.com (09618.HK) Hong Kong and Macau Double Eleven sales increased by more than three times year-on-year, with AlipayHK access in December.
JD.com (09618.HK)(JD.US) launched this year's 'Double Eleven' event starting at 8 p.m. yesterday (14th). Ken Yeung, the head of the Hong Kong, Macau, and Taiwan business of the group, stated that the sales in the Hong Kong and Macau regions from last night until today for Double Eleven have more than tripled compared to the same period last year. The third quarter also saw a much larger increase compared to the second quarter. The average order price for Hong Kong users far exceeds the threshold of 299 Chinese yuan for free delivery. He pointed out that currently in Hong Kong, there are a total of 10 million SKUs for self-operated sales of products across all categories, including electronics, home appliances, home products, clothing and beauty, and pet supplies. Popular brands include beauty
Major banks' ratings | Goldman Sachs: China's internet-related valuations are still reasonable. Reiterate Tencent as the industry's top choice.
格隆汇October 15th | Morgan Stanley's report pointed out that the valuation of China's internet industry is still reasonable. Due to the time required for supportive policies to be converted into consumer and business confidence, it is believed that the potential upside in profit forecasts for the second half of this year to next year is still uncertain, even for certain cyclical sectors. Revenue growth forecasts for China's internet industry in 2025 remain unchanged, with the firm expecting a 7% increase in mainland e-commerce commodity transactions (GMV), an 8% increase in advertising revenue, a 19% increase in total local service transactions (GTV), and a 12% increase in online travel agency (OTA) revenue. The firm's industry preferences are ranked in the following order.
Guotai Junan Securities International raised Alibaba (BABA.US) target price to $133.8, expecting a year-on-year 8% decline in net profit in the next fiscal quarter to 36.8 billion RMB under non-GAAP accounting standards.
China CITIC International released a report stating that it is expected Alibaba-W (09988.HK) will see a 6% year-on-year increase in revenue to 238.3 billion RMB in the second quarter of the 2025 fiscal year, while non-GAAP net profit will decrease by 8% to 36.8 billion RMB, meeting market expectations. At the group level, EBITA fell by 6% year-on-year to 40.4 billion RMB, indicating an adjusted EBITA profit margin of 17%, down from 19.1% in the same period last year. Even in the situation of weakened consumer sentiment, Alibaba's management is still committed to investing in improving the user experience of its core 88VIP user group, believing it will help maintain
Major bank rating | UBS group: Raise target price for some China internet plus-related stocks, industry's first choice is JD.com
Oct 15th, Guolonghui ubs group stated that although the stock prices of Chinese internet plus-related stocks are expected to fluctuate in the short term, they will eventually return to the fundamentals. Based on internet companies transitioning from heavy investment stages to focusing more on shareholder returns, pe ratios and earnings per share growth have become common valuation indicators for investors. The bank pointed out that the industry pe growth rate is expected to be between 0.8 and 1.4 times from 2021 to 2024. Despite a recent industry stock price increase of 20%, there is still room for further growth within the current 1.1 times pe growth rate, as the market adjusts forecasts under government stimulus policies, China's risk premium reduces, and improved industry competition alleviates pressure for better profits.
Nomura: The valuation of China's Internet is still reasonable, with Tencent (00700.HK) as the top choice, followed by Meituan (03690.HK) and Ctrip (TCOM.US).
Morgan Stanley's report pointed out that the mainland's People's Bank meeting and Political Bureau meeting at the end of September both indicated a significant policy shift towards the weak economy, but the meetings of the National Development and Reform Commission on October 8th and the Ministry of Finance on October 12th failed to meet market expectations, further strengthening the bank's view that the mainland's debt, population, and deflation will still face challenges in the future, that is, the situation of debt-deflation cycle, especially when consumer stimulation fails to meet expectations. The bank believes that the valuation of China's internet companies is still reasonable. As it takes time for supportive policies to translate into consumer and business confidence, it is believed that even for certain cyclical sectors, from the second half of this year to next year
Nomura raised its rating on jd.com logistics (02618.HK) to "buy" with the target price raised to 16.5 yuan.
Nomura released a research report indicating that jd.com Logistics (02618.HK) will be included in Alibaba's (09988.HK) Taobao Tmall merchant logistics choices in mid-October. The bank believes that this logistics cooperation will allow jd.com Logistics to gain access to the mid- to high-end merchants on the Taobao Tmall platform and have relative price competitiveness in courier services, thereby increasing jd.com Logistics' courier revenue. In addition, Nomura believes that jd.com Logistics can efficiently complete orders from Taobao and Tmall platforms directly from its warehouses, without the need to commission other logistics suppliers, which will enhance the attractiveness and revenue potential of the Integrated Supply Chain (ISC) of the group.
Daily Bull and Bear | The Hang Seng Index narrowly held the 21,000 level, with a net inflow of 43 million Hong Kong dollars into good Hong Kong stocks yesterday; Meituan's pullback exceeded 5% yesterday, with bearish warrants soaring nearly 55%.
As of the market close, the total turnover of the stock market was 277.073 billion Hong Kong dollars, with a total turnover of 21.536 billion Hong Kong dollars for all warrants. This accounted for 7.8% of the total market turnover, with bull warrants accounting for 4.9% and bear warrants accounting for 2.9%. Subscription warrants had a turnover of 5.743 billion Hong Kong dollars, while put warrants had a turnover of 1.914 billion Hong Kong dollars; bull warrants had a turnover of 7.816 billion Hong Kong dollars, and bear warrants had a turnover of 6.063 billion Hong Kong dollars.
Huang Tianyou appointed as the Chairman of the Hong Kong Securities and Futures Commission; Alibaba (09988) included in the Hang Seng Stock Connect Hong Kong Index
1. Market News 1. Dr. Huang Tianyou appointed as the Chairman of the Securities and Futures Commission of Hong Kong The Hong Kong Special Administrative Region Government announced on October 14th that Dr. Huang Tianyou has been appointed as the Chairman of the Securities and Futures Commission (SFC) of Hong Kong in accordance with the Securities and Futures Ordinance (Chapter 571). His term is three years, from October 20, 2024 to October 19, 2027. 2. Seminar on Shanghai-Hong Kong Cooperation and Development On October 14th, 2024, the Seminar on Shanghai-Hong Kong Cooperation and Development was held in Shanghai. Experts and scholars from Shanghai and Hong Kong focused on in-depth discussions and exchanges on promoting Shanghai-Hong Kong cooperation for "bringing in" and "going global".
The Double 11 of Tmall has started, with 20 brands achieving sales of over one hundred million RMB in just half an hour.
The Tmall Double Eleven Shopping Festival officially kicked off last night (14th) at eight o'clock, with beauty brands becoming the highlight of this shopping festival. Within the first 30 minutes of the event, sales of 20 brands exceeded 100 million RMB, with 8 single products also reaching sales of 100 million RMB.
Top 20 turnover | Taiwan Semiconductor rose nearly 1%, reaching a new high in stock price; Chinese concept stocks declined, with pdd holdings falling over 6% and Alibaba falling over 2%.
Nvidia ranked first in trading volume on Monday in the US stock market, up 2.43%, reaching a new high stock price, with a trading volume of $32.097 billion; Coinbase, ranked ninth, rose by 11.32%, with a trading volume of $3.463 billion; Taiwan Semiconductor, ranked fifteenth, rose by 0.73%, reaching a new high stock price, with a market cap surpassing the $1 trillion mark at one point during the trading day.
Hong Kong stock market morning report on October 15: US-listed china concept stocks generally fell, Huang Tianyou appointed as the Chairman of the Hong Kong Securities and Futures Commission.
1. Federal Reserve Board member Waller stated that interest rates may be cut earlier if inflation falls below 2%. 2. OPEC has lowered its oil demand growth forecast for the third consecutive month, leading to a more than 2% decline in international crude oil futures prices. 3. The newly appointed Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated that he will foster a sustainable and active capital market. 4. The three major U.S. stock indexes all closed higher, while china concept stocks in the popular sector generally declined.
US stocks close: S&P, Dow hit new historical highs again Chinese stock index falls more than 2%.
① China concept stocks are generally falling, with the Nasdaq Golden Dragon Index in China down 2.09%; ② Media reports: Tesla's Optimus was remotely controlled at the launch event; ③ Qualcomm's Snapdragon 8 Gen4 chip is highly bullish; ④ Adobe launches Wensheng video AI model, challenging OpenAI and Meta.
Alibaba Options Spot-On: On October 14th, 250.49K Contracts Were Traded, With 3.03 Million Open Interest
On October 14th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 250.49K options for the day, of which put options accounted for 26.2% of the total transactions, and
Shares of US-listed Chinese Stocks Are Trading Lower on Continued Weakness Amid Stimulus Uncertainty.
Barclays Maintains Alibaba(BABA.US) With Buy Rating, Raises Target Price to $137
The longest november 11 shopping festival-related sale in history! Emphasizing quality, e-commerce platforms and livestreamers confront 'vicious internal competition'.
①30 minutes before the start of sales, 20 beauty brands on Tmall exceeded one billion in sales, with 8 individual products exceeding one billion. ②This year's november 11 shopping festival-related sales promotion, under the active competition of major e-commerce platforms, has been extended from 3 weeks in advance to around one month ahead.