Weekly Recap | SMIC +6.28%, consensus target above spot
Weekly Review·- Semiconductor International Manufacturing Corporation accumulated a 6.28 % gain this week to close at 65.15 HKD, outperforming the Hang Seng Index by approximately 6.95 percentage points. - The stock price fluctuated due to sector rotation and market sentiment regarding AI and chip concepts, despite the company releasing no major corporate updates. - Among 24 covering institutions, the consensus rating is buy with a target price of 94.66 HKD, though a wide target range of 34.98 to 152.91 HKD reflects ongoing market divergence.Weekly Recap | MEITUAN -2.47%, consensus target above spot
Weekly Review·- Meituan-W fell 2.47 % this week to close at 73.2 HKD, underperforming the Hang Seng Index by about 1.8 percentage points amid low trading volume. - Key events included the launch of its second drone delivery network in Shanghai, regulatory warnings on online hotel booking, and an ongoing investigation concerning competition law. - Thirty-eight institutions maintain a consensus buy rating with an average target price of 110.57 HKD, which exceeds the current price by 51.05 %.Weekly Recap | SMIC -7.54%, consensus target above spot
Weekly Review·- SMIC shares fell 7.54 % to close at 63.15 HKD amid declining trading volume and net outflows from southbound capital. - Equity changes related to the stock incentive plan and a divergence with record global foundry revenues marked the week's events. - Institutional consensus rating remained a buy with a target price of 94.66 HKD, which is 49.9 % higher than the current price.Weekly Recap | Alibaba -4.76%, placement raises dilution concern
Weekly Review·- Alibaba shares fell 4.76 % this week to close at 113.24 dollars, underperforming the S & P 500. - The decline was primarily driven by equity dilution pressures from a 10.2 billion dollar AI stock issuance and a prior 75 % drop in net income. - Despite the downward pressure, 38 out of 42 covering institutions maintained buy or overweight ratings with an average target price of 186.82 dollars.Weekly Recap | BABA-W -3.59%, consensus target 60% above spot
Weekly Review·- Alibaba-W dropped 3.59 % this week to close at 110.1 HKD, underperforming the Hang Seng Index by 3.92 percentage points amid capital expansion and short-term funding pressures. - The company raised about 10.2 billion USD through a new share placement, triggering dilution concerns and a temporary drop in stock price. - Despite short-term price pressure, 25 out of 28 covered institutions rated the stock as buy or overweight, with a consensus target price of 176.46 HKD.Weekly Recap | SMIC -5.02%, breaks below 250-day average
Weekly Review·- Semiconductor International Manufacturing Corporation accumulated a 5.02% decline this week to close at 67.20 HKD, underperforming the Hang Seng Index and falling below the 250-day moving average. - The company reported doubled first-half profits and increased its registered capital to 7.53 billion USD, while JPMorgan listed it as a preferred company despite lingering industry bottlenecks. - Out of 25 covering institutions, 19 rated the stock as a buy or overweight with a consensus target price of 94.66 HKD, contrasting with recent large-order capital net outflows.Weekly Recap | BABA-WR -3.78%, consensus target above spot
Weekly Review·- Alibaba - WR declined by 3.78 % this week to close at 94.15 HKD, underperforming the Hang Seng Index by 4.11 percentage points amid heavy trading volume. - The sole covering institution maintained a strong buy rating with a consensus target price of 149 HKD, which is 58.26 % higher than the current price. - Future performance will depend on upcoming macroeconomic data releases such as Hong Kong's unemployment rate and CPI.Weekly Recap | Alibaba -0.37%, most brokers rate it buy
Weekly Review·- Alibaba shares fell 0.37 % to close at 118.9 USD this week, underperforming the S & P 500 by 0.86 percentage points amid fluctuating trading and heavy volume driven by an 80 billion HKD share placement for AI investments. - The company simultaneously advanced its AI strategy by releasing multiple Qwen and Wan3.0 models, while Chairman Joe Tsai increased his holdings by 7.2 million shares to offset cautious sentiment from investor Michael Burry. - Forty-two surveyed institutions maintained a strong buy consensus with a target price of 186.75 USD, though execution on AI deployment and upcoming macroeconomic data will dictate future market direction.