In June, China's e-commerce logistics index was 114.8 points, an increase of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
Nomura Downgrades Vipshop(VIPS.US) to Hold Rating, Cuts Target Price to $14
Nomura analyst Jialong Shi downgrades $Vipshop(VIPS.US)$ to a hold rating, and adjusts the target price from $21 to $14.According to TipRanks data, the analyst has a success rate of 46.2% and a total
Nomura Downgrades Vipshop Holdings to Neutral From Buy, Cuts Price Target to $14 From $21
06:52 AM EDT, 06/28/2024 (MT Newswires) -- Nomura Downgrades Vipshop Holdings to Neutral From Buy, Cuts Price Target to $14 From $21 Price: 13.23, Change: +0.08, Percent Change: +0.61
Nomura downgraded vipshop (VIPS.US) to "neutral" with a target price of $14 amid intensified competition and worsening e-commerce ecology in the book "Da Hang".
Nomura released a report lowering the investment rating of VIPS.US from "Buy" to "Neutral" and lowering the target price from $21 to $14. The report states that Vipshop needs to make difficult choices between maintaining stable profit margins and revenue growth. The report also mentioned that the intensified competition among e-commerce giants has worsened the business environment, and the price competition in the e-commerce industry has never been so intense. PDD.US originally launched a low stock price strategy, which was imitated by Alibaba-SW (09988.HK) (BABA.US) and JD.com-SW (09618.HK) (JD.US). Alibaba and JD.com both
Asian Equities Traded in the US as American Depositary Receipts Flat in Thursday Trading
Asian equities traded in the US as American depositary receipts were flat in late Thursday morning trading, nudging 0.04% higher to 1,957.15 on the S&P Asia 50 ADR Index. From North Asia, the gainers
Express News | Vipshop Holdings Ltd : Jefferies Cuts Target Price to $20.3 From $20.8
Futu Morning News | Nvidia returns to the $3 trillion club! Receives support from famous investors; rate cut in sight? Fed Governor Lael Brainard: inflation control is now in sight
BNP Paribas: With the approaching of the Fed's interest rate cut, the S&P 500 index will maintain a "buy on dips" mode; Rivian receives a $500 million investment from Volkswagen in Germany, and the stock price soars more than 50% after hours; Novo Nordisk's semaglutide for obesity treatment has been approved in China, and the stock price hits a new record high again.
Express News | Goldman Sachs: China's e-commerce sales are expected to increase by 8% to USD 1.7 trillion in 2024.
Express News | Goldman Sachs predicts that global e-commerce sales will increase to $3.9 trillion by 2024.
Dongxing Securities: The overall performance of the 618 promotion is weak, and the overall performance of the beauty industry is relatively weak. Some high-quality domestic brand products have gone against the trend.
Overall, domestic beauty brand performed well in this year's 618 promotion, especially in interest-based e-commerce platforms such as Douyin, which poses a strong competitive advantage. With the help of product strength and efficient marketing, some domestic brands have been able to rank higher than international brands, and their market competitiveness continues to consolidate. We are bullish on the rapid development of high-quality domestic beauty brands.
Express News | The online retail sales reached RMB 5.77 trillion from January to May, with a growth of 12.4%, according to the Ministry of Commerce.
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
US stock market early trading | The three major indexes have mixed gains and losses, semiconductor stocks have declined, and Nvidia has fallen more than 4%.
Most popular China concept stocks declined, with XKE surpassing 4% decrease, Netease falling over 2%, JD.com and PDD Holdings both dropping nearly 2%, and Bilibili rising against the trend with over 3% increase.
Research Report Gold- digging | Huaxing Capital: Gives vipshop a "buy" rating, management maintains full-year gross margin target at around 23%.
Huaxing Capital released research reports, giving vipshop a "buy" rating with a target price of $20. The report indicates that the management maintains the expectation of a 5% year-on-year decline in revenue in the second quarter of 2024 to be flat, and holds a conservative attitude towards the revenue prospects for the remainder of this year. In terms of product categories, the company has always maintained its core outfits category (with GMV combination accounting for approximately 75%), although the base is high, this category will still maintain growth from single digits to low double digits from 2024 to present. As for non-outfit categories (cosmetics, household appliances, supermarket commodities, and jewelry), the management is not enthusiastic about participating in any price wars, but is more willing.
Express News | According to Analysis, the comprehensive e-commerce market grew by 11.2% during this year's 618 shopping festival.
Institutions: The expected growth of the large cap segment in the 618 e-commerce market is bright, and the leading platforms are expected to share the benefits of the increased scale.
The 2024 618 promotion has come to an end, and Citic Securities expects the e-commerce large cap GMV to achieve a low double-digit growth (+12% approximately), continuing the positive trend since the beginning of the year and in May.
Express News | Citic Sec expects the GMV of the e-commerce large cap to achieve low double-digit growth during the 618 period, continuing the positive trend since the beginning of the year and May.
US stocks close | S&P hits new highs, Tesla rises more than 5%, Qualcomm and Broadcom stock prices hit new highs.
Micron Technology and Taiwan Semiconductor hit a new closing high, while GameStop fell more than 12%; Bilibili rose more than 6%, while NIO Inc and Xpeng rose more than 2%.
Vipshop Holdings (NYSE:VIPS) Sheds 6.9% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Vipshop Holdings Limited (NYSE:VIPS) shareholders might be concerned after seeing the share price drop 13% in the last month. On the bright side the share price is up over the last half decade. In
US stocks closed | S&P and Nasdaq continue to hit new closing highs! Nvidia rose nearly 1% on the first day of its split.
The PHLX Semiconductor Index continued to break new highs, with Broadcom up 2.4%; the solar energy sector had the highest increase, with SinglePoint up more than 20%.