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.
Market Chatter: Alibaba to Join Five More Hong Kong Indexes
Express News | Barclays: Raises alibaba's target price
Shares of US-listed Chinese Stocks Are Trading Lower After China's September Exports Missed Estimates.
Barclays Maintains Alibaba(BABA.US) With Buy Rating, Maintains Target Price $137
Beishui Trend | Beishui's net buy volume was 8.544 billion, with domestic capital rushing to buy tracker fund of hong kong (02800) by more than 6.4 billion, and selling more than 0.2 billion Hong Kong dollars in Alibaba (09988).
On October 15th, in the Hong Kong stock market, the net buy amount of Beishui was 8.544 billion Hong Kong dollars, with a net buy of 4.965 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net buy of 3.579 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.
Hong Kong Market Watch: Hong Kong stocks remained sluggish throughout the day, with the Hang Seng Index and the H-share Index falling by nearly 4%; the technology, real estate, and financial sectors all experienced a general decline, with Tencent dropping
Network technology stocks fell, Meituan-W dropped 6.97%, Baidu Group-SW dropped 5.85%; most auto stocks fell, Nio Inc-SW dropped 8.30%, Great Wall Motor dropped 8.27%; several securities and brokerage stocks declined, China Merchants dropped 8.55%, China Galaxy fell 6.26%.
Dahua Jixian: First-time buy rating for jd.com logistics (02618)
After achieving a convincing performance rebound in the first half of 2024, jd.com logistics is expected to achieve a core profit annual growth rate of 9.3% from 2025 to 2027.
Express News | Ishares MSCI China ETF Down 2.8%, Kraneshares CSI China ETF Down 4.3%, ishares China Large-Cap ETF Down 3.1%
Express News | Li Auto Down 4.7%, JD.com Down 6.4%, NIO Down 3.8%, Xpeng Down 2.5%
Express News | PDD Holdings Down 4.2%, NetEase Down 3.4%, Baidu Down 3.6%
Express News | Alibaba Down 4.6%, Bilibili Down 6.7%, Tencent Music Entertainment Down 4.8%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket Tracking Decline in Domestic Stocks
HK stocks abnormal movement | Hang Technology Index widened its decline by more than 5% at the closing, all heavyweight technology stocks plummeted, Alibaba-W (09988) fell by nearly 6%.
Hengke's late decline expanded by more than 5%, among the constituent stocks, heavyweight technology stocks all suffered heavy losses, as of the time of writing, alibaba-W (09988) fell by 5.75%, closing at 99.15 Hong Kong dollars; Tencent (00700) fell by 5.09%, closing at 413.8 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.
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.