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Fly News Breaks for February 25, 2020
TME, PDD, TCOM, JD, TCEHY, BABA, BILI, HUYA
Feb 25, 2020 | 16:19 EDT
Goldman Sachs analyst Piyush Mubayi downgraded Huya (HUYA) to Neutral from Buy as the analyst lowered Q1 and 2020 China internet sector-wide revenue and earnings estimates to factor in the expected impact of the COVID-19 outbreak. Mubayi cut the price target on Huya shares to $22 from $28 given non-GAAP EPADS estimate cuts due to price inflation on esport tournament rights and higher marketing spending. Additionally, Mubayi cut 2020 total Online advertising revenue forecasts for the group by 8%, e-commerce estimates by 14%, O2O estimates by 18%, and raised the view on Live streaming by 3%. The analyst reiterated Buy ratings on Bilibili (BILI), Alibaba (BABA), Tencent (TCEHY), JD.com (JD), Trip.com (TCOM), Pinduoduo (PDD) and Tencent Music (TME).
News For HUYA;BILI;BABA;TCEHY;JD;TCOM;PDD;TME From the Last 2 Days
TCEHY
Oct 20, 2020 | 12:37 EDT
For this week's edition of "Game On," The Fly spoke with SunTrust analyst Matthew Thornton on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Both... To see the rest of the story go to thefly.com. See Story Here
HUYA
Oct 20, 2020 | 10:15 EDT
Bearish flow noted in HUYA with 1,338 puts trading, or 4x expected. Most active are Nov-20 18 puts and 10/30 weekly 20.5 puts, with total volume in those strikes near 650 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 2 points on the day. Earnings are expected on November 10th.
JD, BABA, PDD
Oct 20, 2020 | 10:04 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. ATTRACTIVE VALUATION: Oppenheimer... To see the rest of the story go to thefly.com. See Story Here
JD
Oct 20, 2020 | 06:30 EDT
Barclays analyst Gregory Zhao raised the firm's price target on JD.com to $89 from $83 and keeps an Overweight rating on the shares. The China internet sector is normalizing in Q2 as the Covid-19 situation eases, Zhao tells investors in a research note.
JD, BABA, PDD
Oct 20, 2020 | 06:27 EDT
Oppenheimer analyst Bo Pei initiated coverage of Pinduoduo (PDD) with an Outperform rating and $100 price target. Pinduoduo is the third-largest e-commerce platform in China and has recorded 2019 gross merchandise volume approximately one-sixth of Alibaba's (BABA) and half of JD.com's (JD), Pei tells investors in a research note. Despite having 683M active buyers, average spending on Pinduoduo is only one-fifth Alibaba's and a third of JD's, says the analyst. Pei expects Pinduoduo will narrow this gap by leveraging its "large and active" buyer base. The analyst finds the stock's current valuation as attractive.
BABA
Oct 20, 2020 | 05:41 EDT
Alibaba kicked off its 11.11 Global Shopping Festival with new innovations and features to meet consumer trends. These include the participation of Alipay's digital lifestyle platform; broader consumer reach and bigger promotions; "double" the number of shopping windows that will spotlight more brands, products and special offers. This year the Festival expands the concept from "single" to "double," enabling merchants to double up on promoting their products to consumers across China not just once, but twice. A new sales window will be added from November 1 to 3, ahead of the main event on November 11, with the aim of providing merchants, specifically new brands and small businesses, the opportunity to showcase their products and tell their brand stories amid the pandemic. In addition to sessions hosted by livestreamers, about 400 company executives and 300 celebrities will also hold individual livestreaming sessions. Taobao Live will offer sessions ranging from cosmetics, electronics, to cars and houses. New features like online property viewings and virtual vehicle test drives will help consumers with their buying decisions. Alibaba's DAMO Academy will use artificial intelligence technology to create its first virtual livestreaming host, while Fliggy will host travel-related livestreams. This year's event will have the largest international presence since it was founded in 2009. AliExpress now sells to more than 200 countries and regions worldwide. Lazada was the first to bring the shopping festival concept to Southeast Asia across six markets - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
BABA
Oct 19, 2020 | 09:02 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. NY POST STORY... To see the rest of the story go to thefly.com. See Story Here