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Express News | Insiders: The news about Cainiao's split is false.
Hong Kong market update | The decline of the Hong Kong stock market narrowed in the afternoon, with most Biotechnology stocks trending down, WUXI XDC dropping over 12%; Semiconductors stocks rose against the trend, Semiconductor Manufacturing Internationa
Network Technology stocks fell, Baidu Group-SW dropped 2.32%, XIAOMI-W fell 2.24%; Apple Supplier stocks declined, Q TECH fell 5.35%, BYD Electronic dropped 4.73%; Photovoltaic Power stocks mostly declined, FLAT GLASS fell 7.01%, XINYI SOLAR dropped 2.55%;
Market Chatter: Alibaba's Game Unit Removes Flagship Game From Vivo App Store
Hong Kong stock market midday review | All three major Indexes fell over 1%, Semiconductors and Golden Industrial Concept rose against the trend, with Semiconductor Manufacturing International Corporation increasing nearly 4% and SD GOLD rising nearly 3%.
The Network Technology stocks weakened, MEITUAN-W fell by 4.43%, and Baidu Group-SW dropped by 2.90%; Apple Supplier stocks generally declined, TK GROUP HLDG fell by 5.66%, and BYD Electronics dropped by 4.60%; Biotechnology stocks generally fell, WUXI XDC dropped by 11.67%, and EVEREST MED-B fell by 10.84%;
The "Super Week" is coming, with the world focusing on the USA and China! China's GDP and the USA's CPI are about to be revealed, and the earnings reports season for the US stock market is starting.
This week can be described as a "super heavy week" for the financial markets, with Global investors focusing on China and the USA, these two superpowers.
Guosen: Maintains the "Outperform Market" rating for BABA-SW (09988) with a Target Price of 120-127 Hong Kong dollars.
Guosen slightly adjusted the revenue forecast for Alibaba for FY2025-FY2027 to 986.1/1080/1182.2 billion yuan.