---
title: "Daiwa Capital Markets: \"Buy\" list adds Alibaba-W, INNOVENT BIO, SHUANGHUAN COMPANY, and TRIP.COM-S"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/238876197.md"
description: "Daiwa Capital Markets released a research report stating that the Hang Seng Index and MSCI China Index fell by 4.3% and 5.2% respectively in April, driven by the announcement of tariffs by Trump in early April and concerns over a potential global recession. Due to ongoing external uncertainties, the firm will maintain its allocation to domestic policy beneficiaries and defensive sectors. Daiwa's \"Buy\" list has added Alibaba-W, INNOVENT BIO, SHUANGHUAN COMPANY, and TRIP.COM-S, while taking profits on China Resources Land and Jianbei Miao Miao. Daiwa stated that Alibaba was added to the \"Buy\" list for reasons including: a) its business group successfully went public, b) continuous improvement in cloud business profitability, c) strong user growth; INNOVENT BIO was added to the \"Buy\" list for reasons including: a) strong performance expectations; b) smooth research and development performance and ongoing business development efforts; c) new product launches that will create revenue sources; TRIP.COM was added to the \"Buy\" list, driven by the continued penetration of online travel agency (OTA) platforms into the domestic offline and lower-tier city travel markets, as well as the expansion of outbound flight capacity"
datetime: "2025-05-06T09:38:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238876197.md)
  - [en](https://longbridge.com/en/news/238876197.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238876197.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/238876197.md) | [繁體中文](https://longbridge.com/zh-HK/news/238876197.md)


# Daiwa Capital Markets: "Buy" list adds Alibaba-W, INNOVENT BIO, SHUANGHUAN COMPANY, and TRIP.COM-S

According to Zhitong Finance APP, Daiwa Capital Markets released a research report stating that the Hang Seng Index and MSCI China Index fell by 4.3% and 5.2% in April, respectively, driven by the announcement of tariffs by Trump in early April and concerns about a potential global recession. Due to ongoing external uncertainties, the firm will maintain its allocation to domestic policy beneficiaries and defensive sectors. Daiwa's "Buy" list has added Alibaba-W (09988), INNOVENT BIO (01801), SHUANGHUAN COMPANY (002472.SZ), and Trip.com-S (09961), while taking profits on China Resources Land (01109) and Jianbei Miao Miao (02161).

Daiwa stated that Alibaba was added to the "Buy" list for several reasons: a) its business group successfully went public, b) the profitability of its cloud business continues to improve, c) strong user growth; INNOVENT BIO was added to the "Buy" list for reasons including: a) strong performance expectations; b) smooth research and development performance and ongoing business development efforts; c) new product launches that will be able to create revenue sources; Trip.com was added to the "Buy" list due to factors including the continued penetration of online travel agency (OTA) platforms into the domestic offline and lower-tier city travel markets, as well as the expansion of outbound flight capacity

### 相关股票

- [INNOVENT BIO (01801.HK)](https://longbridge.com/zh-CN/quote/01801.HK.md)
- [SHUANGHUAN COMPANY (002472.CN)](https://longbridge.com/zh-CN/quote/002472.CN.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md)
- [Trip.com (TCOM.US)](https://longbridge.com/zh-CN/quote/TCOM.US.md)
- [TRIP.COM-S (09961.HK)](https://longbridge.com/zh-CN/quote/09961.HK.md)
- [ISHARESHSI (03115.HK)](https://longbridge.com/zh-CN/quote/03115.HK.md)
- [JBM HEALTHCARE (02161.HK)](https://longbridge.com/zh-CN/quote/02161.HK.md)
- [Hang Seng Index (00HSI.HK)](https://longbridge.com/zh-CN/quote/00HSI.HK.md)
- [CHINA RES LAND (01109.HK)](https://longbridge.com/zh-CN/quote/01109.HK.md)

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