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.
"Resumption of trading" Sunart Retail (06808.HK) has received a third-party expression of interest for a full acquisition contact letter.
Sunart Retail (06808.HK) announced that it has received an indicative contact letter from an independent third party expressing an intention to make a voluntary conditional tender offer for all of the company's issued shares, subject to certain conditions. Discussions between major shareholders Alibaba Group and New Retail Strategic Opportunities Investments 1 Limited and the potential offeror on the key terms of the possible offer are ongoing; and Alibaba Group is also in discussions with several other parties. Currently, Alibaba Group, through its wholly-owned subsidiary Jixing Holdings and Taobao Middleman
The new stock asia vets (02567.HK) has an oversubscription ratio of nearly 19 times in its public offering, with a 80% allotment rate for one lot.
Qiniu Asia Vets (02567.HK) announced the results of its IPO, with a Hong Kong public offering oversubscribed by 19.87 times. The allotment rate for one lot (1000 shares) is 80%, and subscribing for two lots will guarantee one lot. The international offering was oversubscribed by 1.02 times. Under the clawback mechanism, the public offering shares have increased to 47.925 million shares, accounting for 30% of the total offer. The final offering price is 2.75 yuan, close to the lower limit price, with a net fundraising amount of 0.367 billion yuan. The shares are expected to be listed on Wednesday (16th). Qiniu Asia Vets issued nearly 0.16 billion shares this time, with the Hong Kong public offering originally accounting for 10%; the offering price ranged from 2.74 to 2.86 yuan. Listed.
Express News | JD.com Down 6.6%, Li Auto Down 3.2%, NIO Down 2.5%, Xpeng Down 2.1%
Nomura: Chinese e-commerce stocks may outperform the broader market in the short term, with a preference for jd.com(JD.US), pdd holdings(PDD.US), etc.
Nomura stated that China's series of stimulus policies launched at the end of September focus on stabilizing real estate and revitalizing consumer demand. If consumer sentiment improves, it is expected that the e-commerce sector in China has the potential to outperform the overall market in the short term.
Market Chatter: Alibaba to Join Five More Hong Kong Indexes
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