bullish•Thematic (Sector/Industry)•21 Mar 2023 09:17
China TMT Update(Mar.21): BILI/BIDU/BABA/3635.JP/BGNE - Douyin Launches "Qingtao", Similar to BILI
BILI: Douyin launches "Qingtao", similar to BILI; BIDU: Baidu's ERNIE Bot exceeds expectations from user feedbacks BABA/3635JP: <Three Kingdoms:...
bearish•Xpeng•21 Mar 2023 09:09
[XPeng (XPEV US) Earnings Review]: Facing Price War and Fiercer Competition in 2023
We maintain SELL, because 1) price war and intensified competition in 2023; 2) margin pressure ahead amid the price war.
bullish•NetEase Inc•20 Mar 2023 09:02
[NetEase (NTES US) Company Update]: Eggy Party Could Have Long Life Cycle
Eggy Party could be sustainable because of the absence of competitive games, an emerging UGC ecosystem with much potential, social connections...
bullish•KE Holdings Inc•20 Mar 2023 08:49
[KE Holdings (BEKE US) Target Price Change]: Raise TP for Better Market Outlook and Profitability
We maintain BUY rating and raise the TP by US$2 to US$23 to reflect 1) the gross margin improvement, 2)narrower loss-making in new initiatives.
bullish•ZTO Express•20 Mar 2023 08:46