SG#ALIBARC26098

LEOCH INT'L

INTELLIMARK W27

TRANSTECH

METASPACEX

SHANDONG MOLONG

GLOBALSTRAT

EXTREME VISION

PT INTL DEV

TIAN TU CAPITAL

EPI (HOLDINGS)

09988

01211

01810

03033

02800

The short selling amount in the Hong Kong stock market reached HKD 20.79 billion in half a day, accounting for 31.9% of the trading volume of shortable stocks. This is an increase from 16.5% the previous day. The main shorted stocks include: TRACKER FUND with a short selling ratio of 65% and a short selling amount of HKD 2.03 billion; XIAOMI-W with a short selling ratio of 47.9% and a short selling amount of HKD 1.56 billion; CSOP HS TECH with a short selling ratio of 65% and a short selling amount of HKD 860 million; BABA-W with a short selling ratio of 25.3% and a short selling amount of HKD 720 million; BYD COMPANY with a short selling ratio of 61% and a short selling amount of HKD 660 million

AASTOCKS

BABA-W

BYD COMPANY

XIAOMI-W

CSOP HS TECH

TRACKER FUND

The short selling in the Hong Kong stock market for half a day reached HKD 20.79 billion, accounting for 31.9% of the total turnover of shortable stocks

TCEHY

513040

512380

KBAB

513770

KWEB

BABX

EBIZ

YINN

HSBC's latest report highlights a market misjudgment: the AI monetization capabilities of Alibaba and Tencent are systematically underestimated. The stock price corrections for both companies were not driven by pessimism regarding AI prospects, but by short-term concerns over operating expenses. If they can capture market share from the advertising market, their 2027 revenues could see an upside of up to 11%. HSBC maintains a "Buy" rating, with target prices implying upside potential of 44% and 51%, respectively

- The market may be misjudging the AI monetization potential of China's internet giants, Alibaba and Tencent, which a HSBC report states is systematically underestimated.  
- Despite significant AI investment plans and revenue forecasts, the companies' stock prices have dipped due to short-term concerns regarding increased operational costs rather than pessimism about AI's long-term returns.  
- The report suggests that by capturing 10% to 50% of advertising revenue from competitors, both Alibaba and Tencent could see substantial revenue growth by 2027, affirming HSBC's buy ratings with target prices of $180 and HK$750, respectively.

Wallstreetcn

Tencent

E Fund CSI HK Connect Internet ETF

Yinhua MSCI China A ETF

iShares MSCI China

KraneShares 2x Long BABA Daily ETF

Hwabao CSI HK Equities Internet ETF

Krne Csi China Internet

Invesco Golden Dragon China

BABA 2x Long Daily ETF - GraniteShares

iShares China Large Cap

Global X E-commerce ETF

Direxion FTSE China Bull 3X

TENCENT

Tencent Holdings Limited

Alibaba and Tencent's AI Monetization Capabilities Are Underestimated by the Market

XIACY

GELHY

BABA

00175

GELYY

After Trump's speech at the White House, oil prices rose, and U.S. stock futures fell by 1% to 1.5%. After the Hong Kong stock market opened, the Hang Seng Index opened down 39 points, with the decline expanding to 291 points, closing at 25,016 points, down 277 points or 1.1%. Alibaba and Xiaomi fell by 3.5% and 4.1%, respectively, while Geely rose by 6.5% against the trend. Geely Auto's sales hit a record high, and Citigroup raised its target price to HKD 27, maintaining a "Buy" rating. Newly listed stocks performed actively, with ZEEKR rising by more than 20%

- Following President Trump's morning speech announcing a military victory, oil prices increased while Hong Kong's Hang Seng Index opened down 39 points and saw losses extend to a low of 25,003, closing at 25,016, down 277 points or 1.1%.  
- Major tech stocks like Alibaba and Xiaomi faced declines, influencing the index's performance, while Geely Motors rose over 6% after reporting record vehicle sales.  
- U.S. futures index declined by 0.5% to 1.5%, reflecting uncertainties in the market despite bullish sentiments from Trump's comments on the Iran conflict.

Stheadline

Xiaomi Corporation

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Alibaba

GEELY AUTO

Geely Auto

Trump's anti-climax: US stock futures drop over 1%, Hong Kong stocks fall 277 points in half a day, Alibaba and Xiaomi face selling pressure, Geely rises 6% against the trend | Hong Kong stock market opens

03896

KPDD

DTCR

CLOU

Goldman Sachs pointed out in its China Internet report that cloud and data centers are the preferred sub-industries, benefiting from the growth of enterprises and AI agents. Recommended core investment targets include Alibaba and Kingsoft Cloud. E-commerce and mobile transportation are listed as the second sub-industry, recommending PDD and Manbang. Gaming and entertainment are the third sub-industry, recommending Tencent and Bilibili

KINGSOFT CLOUD

Kingsoft Cloud

KraneShares 2x Long PDD Daily ETF

BILIBILI-W

Global X Data Center & Dgtl Infrs ETF

Bilibili

Global X Cloud Computing ETF

iShares US Digital Infrastructure and Real Estate ETF

GraniteShares 2x Long PDD Daily ETF

Goldman Sachs: Cloud and Data Centers are the Preferred Sub-industries in China's Internet Sector, Recommending Alibaba and Kingsoft Cloud, etc

Citi maintains a "Buy" rating on Alibaba, with a target price of HKD 199. The bank discussed Alibaba's AI and cloud strategy at an event on April 1, believing it has the strongest AI competitive advantage in China's internet sector. Despite fierce competition in food delivery and instant retail, it is expected that related business losses will narrow. Alibaba's management pointed out that comprehensive full-stack capabilities and a strong ecosystem are key differentiators in the AI field, and it is anticipated that revenue from Model as a Service (MaaS) will drive the achievement of a USD 100 billion revenue target over the next five years

Citigroup maintains a "Buy" rating on Alibaba with a target price of 199 yuan

On April 2, all three major Hong Kong stock indices weakened intraday, with the HSI falling 1.01%, failing to return to the previous trading day's high. Hardware, retail, and internet content sectors declined across the board, led by leading stocks like Xiaomi Group, Alibaba, and Tencent Holdings. Market turnover was active, while YOFC and GEELY AUTO stood out by bucking the trend. Investors are focusing on changes in market volume and macroeconomic recovery guidance

- On April 2, 2026, Hong Kong's three major indices declined, reflecting cautious market sentiment.  
- The Hang Seng Index fell 1.01% to 25,037.41, unable to surpass its previous high, while the tech sector led the losses with Tencent dropping 1.33%.  
- Market participants are closely monitoring upcoming economic data to gauge recovery prospects, amidst a strong US dollar affecting performance.

Market Heartbeat

YOFC

CNOOC

MEITUAN

KNOWLEDGE ATLAS

POP MART

Hong Kong Stocks Intraday | Three Major Indices Collectively Weaken, Hardware and Retail Slump, XIAOMI-W Drops 3.87%

00857

The Hang Seng Index's initial decline has expanded to over 220 points, currently reported at 25,064, down 229 points or 0.9%. Alibaba fell 3% to HKD 119, Tencent dropped 1.2%, and HSBC Holdings fell 1.5% to HKD 128.3. CNOOC rose 0.8%, and PetroChina increased by 1.4%. Airline stocks performed weakly, with China Eastern Airlines down 4.6% and China Southern Airlines down 4.3%

PETROCHINA

CHINA EAST AIR

CHINA SOUTH AIR

HSBC HOLDINGS

SINOPEC CORP

Hang Seng Index

The Hang Seng Index's initial decline has expanded to over 220 points, with Alibaba down 3%

00241

Alibaba Group Holding Ltd. ADR (BABA) fell 1.38% to $123.73 on Wednesday, underperforming the market despite a positive trading session where the NASDAQ rose 1.16%. The stock is currently 35.78% below its 52-week high of $192.67. Competitors like Bed Bath & Beyond, Rakuten Group, and eBay saw gains, while Alibaba's trading volume was below its 50-day average.

- Alibaba Group Holding Ltd. ADR (BABA) fell 1.38% to $123.73 on a generally positive trading day, while the NASDAQ Composite rose 1.16% and the Dow Jones increased by 0.48%.  
- The stock closed 35.78% below its 52-week high of $192.67, reached on October 2nd, and underperformed compared to competitors such as Bed Bath & Beyond and eBay.  
- Trading volume was 10.3 million, falling short of its 50-day average by 1.0 million.

MarketWatch Automated

ALI HEALTH

Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

ONLN

9434

- SpaceX, led by Elon Musk, has confidentially filed for an initial public offering (IPO), possibly making it one of the largest in history.  
- If successful, the IPO could surpass $50 billion, exceeding the $25.6 billion record set by Saudi Aramco in 2019.  
- Analysts predict this listing may stimulate the IPO market and encourage other major private startups, such as OpenAI and Anthropic, to pursue public offerings after a prolonged downturn.

Reuters

ProShares Online Retail

Amplify Online Retail ETF

ARK Fintech Innovation ETF

SoftBank Corp.

OpenAI

SPDR S&P Retail ETF

Global X Fintech

FACTBOX-From Saudi Aramco to Alibaba: World's biggest IPOs

BABO

Alibaba has launched a new generation image generation model Wan2.7-Image, aimed at breaking through the standard styles of traditional AI images and enhancing the realism of visuals to a professional level. This model allows creators to adjust character details, addresses color instability issues, and supports ultra-long text rendering in up to 12 languages, generating high-quality academic text and complex content. Wan2.7-Image is now available on the Alibaba Cloud AI development platform and Qwen App

- Alibaba (9988) has officially launched its new image generation model, Wan2.7-Image, which significantly enhances the realism of images and elevates overall creation precision to a professional level.  
- The model allows creators to adjust details such as skeletal structure and eye shape, overcoming common issues with previous AI image generation models, such as color instability.  
- Wan2.7-Image supports up to 12 languages and can handle text inputs of up to 3,000 characters, generating high-quality academic text and complex content.

YieldMax BABA Option Income Strategy ETF

Alibaba released the image generation model Wan2.7-Image, claiming to "say goodbye to the AI standard face."

BIDU

09888

588170

- Nvidia retains its lead in the AI accelerator server market with a 55% share, despite a significant drop in market dominance.  
- Chinese firms now capture nearly 41% of the market, driven by increased government support for domestic chipmakers amidst U.S. export restrictions.  
- Huawei leads Chinese vendors, followed by Alibaba’s T-Head and Baidu's Kunlunxin, highlighting the growing influence of local manufacturers in the AI sector.

Baidu

BIDU-SW

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Invesco PHLX Semiconductor ETF

ChinaAMC Guozheng Semiconductor Chip ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

iShares Semiconductor ETF

China Southern CSI Semiconductor Industry Custom ETF

VanEck Semiconductor ETF

SPDR S&P Semicon

Chinese chipmakers claim nearly half of of local market as Nvidia's lead shrinks, IDC says

07200

513130

The total short selling amount in the Hong Kong stock market reached HKD 43.96 billion, accounting for 24.5% of the total shortable stock turnover of HKD 179.34 billion. The previous day's figure was 18.5%. The top five stocks by short selling amount include TRACKER FUND with a short selling ratio of 14.6% and a short selling amount of HKD 2 billion; BYD Company Limited with a short selling ratio of 61.3% and a short selling amount of HKD 1.93 billion; Xiaomi Group-W with a short selling ratio of 55.4% and a short selling amount of HKD 1.9 billion; TENCENT with a short selling ratio of 29% and a short selling amount of HKD 1.8 billion; and Alibaba-W with a short selling ratio of 28.4% and a short selling amount of HKD 1.45 billion

FL2 CSOP HSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

China Merchants CSI HK Technology ETF(QDII)

FI CSOP HSI

China Southern Hang Seng ETF

TRACKER FUND-R

FI2 CSOP HSI

Huatai-PB CSI HK Equities Technology ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

The total short selling in the Hong Kong stock market for the day was HKD 43.96 billion, accounting for 24.5% of the total turnover of shortable stocks

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BABA-WR

Alibaba HK SDR 5to1

Powell may not have an FOMC talk, but his recent QnA at a University sparks interests and influenced the market. A simple comment that inflation outlook in check and there's no need to hike rates due to oil shock has the market reacting positively. Let's see how the situation pans out in the next few weeks

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

Invesco QQQ Trust

SPDR S&P 500

Proshares UltraPro QQQ

FTSE Straits Times Index

Tesla

Direxion Daily TSLA Bull 2X Shares

Apple

iQIYI

Rocket Lab

FOURSEMI

TONGSHIFU

UBTECH ROBOTICS

Miniso

MNSO

Nike

Apple Group

Robinhood

Standard BioTools

SoFi Tech

Rocket

Allianzim US Large Cap Buffer10 Mar ETF

☕️ [Task Coins Giveaway] Daily Market Talk

POP MART HK SDR 20to1

seems like market hasnt bottom, still declining. wheres the end . haha

Fed is in a dilemma. On one hand, he is cautious of rising inflation due to wars &amp; tariff, on the other hand, he is watching unemployment rate in the labor market. Do nothing is the best current strategy for the Fed, till events becomes clearer. Singapore is pivoting to partner other trading blocks to increase trade export to like minded countries. And fast adoption of AI to enhance productivity to address rising cost of doing business here. Is all hands on deck. Singapore has to be ahead of the curve due to fast changing political and economical landscape changes to keep growth on track.

Today’s Key News Recap

0331 | Dolphin Focus: 🐬 Macro/Industry 1) NBS reported Mar Mfg PMI at 50.4%, up 140bps MoM and back in expansion. The non-manufacturing business activity index was 50.1%, up 60bps MoM, marking a second straight month of recovery.Production and new orders both stayed in expansion, while SME sentiment improved notably. This points to a rapid post-CNY rebound in manufacturing.2) Trump told aides he would be willing to halt military ops against Iran even if the Strait of Hormuz is not fully reopened. He would prioritize the goal of 'degrading Iran's naval and missile capabilities'...

TENCENT-R

EASTROC

EASTROC BEVERAGE

BOE VARITRONIX

Sungrow Power Supply

Alphabet - C

Alphabet

Tencent HK SDR 10to1

Uber Tech

Tencent ramps up AI agents; BABA unveils Qwen3.5-Omni | Daily News Recap

Fed’s dovish is shifting short term sentiment, creating a tactical risk on window. Not a full pivot yet,so stay long quality growth but keep macro hedges in placeTesla TERAFAB – Moving into ultra scale compute fits the AI capex boom, where global demand is surging. For now, it’s a high beta narrative play, with execution risk still the main swing factor.Singapore retains solid growth supported by strong manufacturing and AI driven exports, showing underlying resilience despite external risks.

Musk is again promising the sun and moon; selling a dream, forever over promising and shifting goal posts. With the geopolitical event causing headache and pocket-aches to investors, I don't think anyone would be in the mood to be an all-in bull right now...

7 days into negotiation between US and IRAN, but no news of any breakthrough. The war will be long and the blockade will last. Start being defensive people!

As the war continues, oil will be in short supply and cause Singapore to suffer. Yes we do have 6 months of reserve. But one that used up, we are in the same situation as other South East Asia counties... So be worried peeps!

SG#ALIBARC26098(61616.HK)

SG#ALIBARC26098 Stock Performance Chart

The short selling in the Hong Kong stock market for half a day reached HKD 20.79 billion, accounting for 31.9% of the total turnover of shortable stocks

Alibaba and Tencent's AI Monetization Capabilities Are Underestimated by the Market

Trump's anti-climax: US stock futures drop over 1%, Hong Kong stocks fall 277 points in half a day, Alibaba and Xiaomi face selling pressure, Geely rises 6% against the trend | Hong Kong stock market opens

Goldman Sachs: Cloud and Data Centers are the Preferred Sub-industries in China's Internet Sector, Recommending Alibaba and Kingsoft Cloud, etc

Citigroup maintains a "Buy" rating on Alibaba with a target price of 199 yuan