Express News | The total value of the New Year's gifts Liu Qiangdong sent to his hometown has exceeded 30 million.
Hong Kong market quick look | Hong Kong stocks narrowed in losses in the afternoon, the Hang Seng Index fell nearly 1%; tech and Apple Supplier stocks declined, SUNNY OPTICAL dropped over 7%, Xiaomi fell nearly 4%; Weichai Power surged over 11%.
Network Technology stocks weakened, XIAOMI-W fell 3.95%, NTES-S rose 2.98%; Coal Industrial Concept stocks weakened, YANKUANG ENERGY fell 4.73%, KINETIC DEV fell 3.94%; Many Mobile Game stocks declined, INFINITIES TECH rose 10.00%, BOYAA fell 8.88%;
Morgan Stanley's investment rating and target price for Chinese Network Technology stocks (table)
Morgan Stanley released a report stating that it has updated the investment ratings and Target Prices for Chinese Network Technology stocks: Stock │ Investment Rating │ Target Price Tencent (00700.HK) │ Shareholding │ HKD 570 Trip.com (TCOM.US) │ Shareholding │ USD 81 MEITUAN-W (03690.HK) │ Shareholding │ HKD 200 TONGCHENGTRAVEL (00780.HK) │ Shareholding │ HKD 25 NetEase (NTES.US) │ Shareholding │ USD 108 Full Truck (YMM.US) │ Shareholding │ USD 10 New Oriental (EDU.US) │ Shareholding │ USD 83 PDD Holdings
USA Consumer spending has overcome Wall Street's skepticism! Online sales during the holiday shopping season have reached a new high.
Adobe stated that online sales during the holidays in the USA reached a record high of 241 billion dollars.
BofA Securities Maintains JD.com(JD.US) With Buy Rating
Express News | Roche: Currently, the global production capacity of "Sufuda" is leaning towards the China market.
JD.com (09618.HK): is gradually opening up to the use of Alipay.
Wang Shancheng, director of the Comprehensive Division of the National Development and Reform Commission, stated that during last year’s "Double Eleven," Tmall already allowed the use of WeChat Pay, and JD.com (09618.HK) will also integrate Alipay. Alipay customer service indicated that it has supported payments on JD.com. JD.com customer service stated that it is gradually opening up the use of Alipay, and some merchants and special Commodities cannot use Alipay. When Alipay is unavailable, options such as JD.com Payment, Cloud Flash Payment, and WeChat Pay can be selected.
Citi's investment ratings and target prices for Chinese Network Technology stocks (table).
Citigroup published a research report, listing the investment ratings and Target Prices for Chinese Network Technology stocks as follows: Stock | Investment Rating | Target Price (HKD) Alibaba-W (09988.HK) | Buy | 132 HKD MEITUAN-W (03690.HK) | Buy | 203 HKD TENCENT (00700.HK) | Buy | 573 HKD TONGCHENGTRAVEL (00780.HK) | Buy | 21 HKD ------------------------------------------------- Alibaba (BABA.US) | Buy | 1.
According to Citigroup in the report "The Big Names", the top picks for Chinese internet stocks in the first half of the year are Tencent (00700.HK), Trip.com (TCOM.US), Meituan (03690.HK), and JD.com (JD.US).
Citibank released a report on the Internet Industry in the Asia-Pacific region, revealing that last year, the Global Internet Sector displayed varied stock performance. Indian Internet stocks outperformed with a growth of 73.7%, Southeast Asia saw a rise of 35.3%, Japan increased by 35%, and the USA rose by 33.8%. Meanwhile, the Internet sectors in China and South Korea lagged behind, with increases of 15.6% and a decline of 11.4%, respectively. Geopolitical tensions, along with changes in tariffs and regulatory policies, may continue to affect cross-regional investor sentiment and portfolio allocation. The bank indicated that the valuation of the Chinese Internet sector is reasonable and growth quality is continuously improving, but it still believes it should be aligned with domestic macroeconomic and consumer recovery progress.
Express News | JD.com Home Services: Recruiting 100,000 cleaning staff, this year will accelerate business expansion to develop a hundred cities.
Hong Kong Stock Market Afternoon Review | All three major indices fell, with the Hang Seng Index down nearly 2%; Network Technology stocks declined, with Tencent down nearly 7% and Xiaomi down over 8%; some mineral stocks rose against the trend, with CGN
Network Technology stocks fell, with XIAOMI-W down 8.13% and TENCENT down 6.79%; Biotechnology stocks declined, with EVEREST MED-B down 6.35% and WUXI BIO down 4.22%; Shipping and Ports stocks weakened, with COSCO Shipping Holdings down 3.47% and CHINA MER PORT down 2.49%.
JD.com (09618.HK) plans to expand its Business services to 100 cities this year, intending to invest 1 billion yuan.
JD.com Group (09618.HK)(JD.US) announced that its local lifestyle brand "JD.com Housekeeping" will launch the "Hundred Counties and Hundred Thousand People Recruitment Plan," intending to hire 100,000 cleaning staff nationwide to support its goal of expanding the Business to 100 cities this year. The group stated it will invest 1 billion yuan to comprehensively enhance the income and cooperation experience of cleaning staff, and it promises to provide free training, stable Orders, and better returns than other platforms.
National Development and Reform Commission: Promote e-commerce and other platforms to actively enhance interoperability.
At a press conference, Wang Shancheng, director of the Comprehensive Department of Institutional Reform of the National Development and Reform Commission, stated that efforts have been made to promote e-commerce stakeholders to actively enhance platform interoperability. Last year on "Double Eleven," Tmall allowed WeChat Pay, and JD.com is about to integrate Alipay, gradually eliminating barriers between platforms. The notice on the "Guidelines for the Construction of a Unified National Market (Trial)" mentions that regions must not restrict the free flow of commodities and factors across regions, must not impose unreasonable conditions to exclude, restrict, or prohibit local operators from providing goods and services to other areas, and must not use forms such as targeted subsidies or local recommendation catalogs to reinforce protection for local products or specific products.
Express News | On the 7th, Wang Shancheng, Director of the Comprehensive Reform Division of the National Development and Reform Commission, stated that efforts have been made to actively enhance the interconnectivity of platforms. Last year, during the November 11 Shopp
Express News | JD.com Home Services has launched a recruitment plan for 100,000 people.
After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."
Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.
Express News | Trump: Reports regarding the imposition of general tariffs on key imported Commodities are inaccurate.
Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing
Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.
Merrill Lynch has lowered the Target Price for JD.com Logistics (02618.HK) to 18 yuan and reduced last year's non-IFRS net profit forecast by 3% reflecting investments from the previous quarter.
Bank of America Securities released a report indicating that it has lowered the forecast for JD.com Logistics' (02618.HK) non-International Financial Reporting Standards (non-IFRS) net profit for last year by 3%, reflecting the investments made in the fourth quarter of last year and assuming higher outsourcing costs. However, it simultaneously raised the earnings per share forecast for the company for this year and next year by 2%, expecting that investments will gradually generate more revenue. The firm believes that following JD.com Logistics management's decision to lower the growth outlook due to a high base in the third quarter earnings briefing, sell-side expectations have decreased, but the firm still believes that management's annual guidance is conservative and decides to maintain a profit forecast for last year's fourth quarter that is higher than the guidance, at 1.82 billion yuan.
[Brokerage Focus] Citigroup maintains a "Buy" rating on JD.com (09618), expecting it to benefit from the continuation of the trade-in program.
Jingwu Financial News | Citigroup's Research Reports indicate that JD.com (09618) had a Net income of 28.22 billion yuan in 2022, with a diluted EPS of 17.744 yuan, an EPS growth rate of 64.7%; in 2023, the Net income is projected to be 35.2 billion yuan, with an EPS of 22.205 yuan, a growth rate of 25.1%; for 2024, the expected Net income is 44.242 billion yuan, with an EPS of 28.785 yuan, a growth rate of 29.6%; for 2025, the expected Net income is 47.283 billion yuan, with an EPS of 31.205 yuan, a growth rate of 8.4%;