GTJA: In Q4 2024, the allocation ratio of actively managed Funds to Hong Kong stocks reached a record high, with significant increases for leading Technology companies.

GTJA released a Research Report stating that in Q4 2024, actively managed Funds will reduce their holdings significantly, with an increase in allocation to Technology stocks and a narrowing of dividends towards Banks.

Zhitong Finance06:27

A new round of "trade-in for new" sales is strong on Tmall and JD.com.

Citigroup believes that the trade-in program supported JD.com and Alibaba's revenue growth exceeding expectations in the fourth quarter of 2024, and the extension of the program as well as the expansion into more 3C categories is expected to continue driving growth in the first quarter of 2025.

wallstreetcnJan 23 22:21

Market overview: The three major Indices opened high but fell lower, with the Tech Index closing down over 1%. The performance of the domestic Silver and Insurance Sectors was impressive, as China Everbright Bank rose over 4% against the market trend, and

Network Technology stocks fell, with XIAOMI-W down 2.27% and Bilibili-W down 1.47%; many Apple Supplier stocks declined, with FIH down 4.82% and BYD Electronics down 3.23%; Lithium Battery stocks generally fell, with Zhongxin Innovation down 3.78% and CHAOWEI POWER down 3.42%.

Futu NewsJan 23 16:25

Major rating｜Citi: Maintains JD.com's "Outperform" rating, expects stable performance in the fourth quarter.

On January 23, Glonghui reported that Credit Lyonnais published a Research Report stating that JD.com is expected to achieve solid performance, with total revenue and adjusted EBIT forecasted to increase by 9% and 23% year-on-year in the fourth quarter of fiscal year 2024, respectively. Sales of electronic products are benefiting from the old-for-new policy, while supermarket commodities with insufficient penetration continue to grow strongly, and direct sales may see high single-digit percentage growth year-on-year again, with savings from subsidies translating into higher profits. Credit Lyonnais mentioned that the old-for-new policy has been extended in Mainland China this year, covering a broader range of product categories, and JD.com is the major beneficiary online, with a forecasted revenue growth of 5% to 6% for fiscal year 2025.

Gelonghui FinanceJan 23 16:01 · Ratings

Major banks rating | BOCOM INTL: Raised JD.com Target Price to HKD 233, expects this year's profit to maintain healthy growth.

Gelonghui, January 23 | BOCOM INTL published a research report indicating that JD.com benefits from the trade-in policy, which involves an expansion of categories and scale that will continue to be Bullish for JD.com's sales in electrified categories, while supply chain efficiency continues to improve. Therefore, the bank has raised its revenue and profit forecasts for the group for the fourth quarter of 2024 by 3% and 12% respectively. The bank expects that JD.com's profits this year will still maintain healthy growth, raising the Target Price from HKD 217 to HKD 233, maintaining a "Buy" rating.

Gelonghui FinanceJan 23 10:13 · Ratings

Citi's report "Big Companies": The trade-in policy further supports steady growth in first-quarter revenues. Recently, the priority order for e-commerce is JD.com (JD.US), Alibaba (BABA.US), and PDD Holdings (PDD.US).

Citi has released a research report stating that following the recent expansion and extension of the old-for-new policy by the mainland government, the subsidy activity officially started on January 20. The bank pointed out that the original old-for-new policy boosted the performance of JD.com (JD.US) and Alibaba (BABA.US), and it is expected that the revenue growth in the fourth quarter of last year exceeded expectations. Therefore, Citi believes that extending the relevant policy to this year and covering more 3C category products should further support steady revenue growth in the first quarter. The bank reiterated that the recent priority for e-commerce is JD.com (JD.US), Alibaba (BABA.US), and PDD Holdings (PDD.US).

AASTOCKSJan 23 09:19