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《Da Xing》 Bocom Intl's rating, target price, and valuation forecast for Chinese e-commerce stocks (Table)
BOCOM International released a report stating the investment ratings and target prices for Chinese e-commerce stocks: Alibaba (BABA.US) Buy Target price: $111 PDD Holdings (PDD.US) Buy Target price: $194 Meituan (03690.HK) Buy Target price: HK$136 JD.com (JD.US) Buy Target price: $41 Kuaishou (01024.HK) Buy Target price: HK$54 ---------------------------- The bank also listed the valuation forecasts for e-commerce stocks and international e-commerce stocks: Stock Forecasted P/E ratio for 2025
"Da Xing" bocom intl: Mainland e-commerce stocks are still undervalued, and Alibaba may benefit from the Hong Kong Stock Connect and enhanced liquidity.
Bocom Intl released a report stating that Mainland China's physical e-commerce online retail sales in August increased by 4.1% year-on-year after adjustment, compared to 8.1% and 6.4% in July and the second quarter. In terms of categories, the trends for food, daily necessities, and cosmetics are generally consistent with July. Back-to-school purchases drove double-digit growth in communication equipment, benefiting from the subsidy for replacing old appliances, leading to a positive growth rate in household appliances, while the growth rate for sports and entertainment products/furniture slowed down. Mainland China Post Office predicts that the express delivery business volume in August will increase by about 19% year-on-year, driven by Qixi Festival and the back-to-school season stimulating the demand for mailing services. Looking ahead, Ali (09988.HK)'s Tmall's market share remains stable, according to the bank.
Morgan Stanley: Positive response to regional policies is expected to benefit Haier (06690.HK) and jd.com (09618.HK)
Macquarie's research report pointed out that China's recent announcement of subsidies for consumers to replace household appliances has received positive responses in regional policies. The bank believes that the policy has started to show results in the sales of white appliances in retail, and it is estimated that sales and market leaders with higher levels of energy-efficient appliances will benefit more. The bank pointed out that Haier (06690.HK) is the preferred choice in the industry, followed by Midea (000333.SZ), and JD.com (09618.HK) will also benefit from the policy. Macquarie mentioned that data shows that retail trade in some regions where the policy has been implemented has seen growth. Since the implementation of the policy...
jd.com (09618.HK) purchases the shares held by Walmart subsidiary dada nexus
Mainland logistics company dada nexus (DADA.US) announced that JD.com (09618.HK) has acquired 87.5 million shares of common stock held by Walmart Inc. (WMT.US), as well as 1.875 million American depositary shares. Dada nexus stated that it hopes to continue its mutually beneficial business cooperation with Walmart. As for JD.com's investment, it reflects the unique role the company plays in JD.com's extensive ecosystem and demonstrates JD.com's confidence in the company's long-term growth and development. (js/k)~
Express News | iPhone 16 series just started pre-sale, and many e-commerce platforms have launched a new round of subsidy war.
Express News | Dada: jd.com buys Walmart's stake in the company.