Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCI Tweaks Recommended Ranking for CN Internet Stocks; Top Pick TENCENT
Recommend 33 Positive 92 Negative 18 |
||||
|
||||
|
China's National Bureau of Statistics (NBS) released on Monday (19th) that the nation's retail sales of consumer goods for April 2025 grew 5.1% YoY, with retail sales excluding automobiles climbing 5.6% YoY, trailing behind market expectations and reflecting weak consumer confidence, BOCI said in a report. Online retail sales gained 7.1% YoY in April, aligning with the broker's expectations, thanks to categories such as electronics and home appliances, underpinned by effective national subsidy policies. Considering the impact of MEITUAN-W (03690.HK)'s RMB100-billion support plan over the next three years on its profit, as well as the potential impact of the U.S. ban on Nvidia’s H20 chips on BABA-W (09988.HK)'s cloud business, the recommended ranking by BOCI for Chinese internet platforms was adjusted to TENCENT (00700.HK) > JD-SW (09618.HK) > Alibaba > Meituan > Pinduoduo (PDD.US), the report noted. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
