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Fly News Breaks for February 6, 2020
VIPS, JD, BABA, PDD
Feb 6, 2020 | 07:07 EDT
KeyBanc analyst Hans Chung believes the coronavirus outbreak could negatively impact e-commerce companies near-term given logistics constraints due to the lockdown of the province of Hubei and extended shutdowns in many regions. His checks suggest that express capacity has only recovered to sub-10% of the average level in Q4 since January 30, and all Taobao merchants he surveyed pointed out delayed fulfillment due to the lack of workforce for warehousing or last-mile delivery before February 10. Overall, Chung estimates the financial impact on e-commerce companies in Q1 should not be too meaningful: approximately an LSD-MSD percentage in revenue, with Pinduoduo (PDD) likely to be impacted the most, followed by Alibaba (BABA). JD.com (JD) will likely be the least impacted given in-house logistics, and Vipshop (VIPS) will likely be less impacted than Alibaba and Pinduoduo due to it having the most exposure to apparel, he adds. The analyst views the 4% and 3% pullbacks in Alibaba and JD.com shares, respectively, as fair on a small Q1 miss, while the 13% and 12% pullbacks in Pinduoduo and Vipshop shares, respectively, seem to be oversold, creating a good entry opportunity.
News For PDD;BABA;JD;VIPS From the Last 2 Days
JD
Nov 24, 2020 | 20:39 EST
The health care unit of China's JD.com is seeking to raise as much as $3.5B through an IPO in Hong Kong, Bloomberg's Julia Fioretty reports, citing deal terms obtained by Bloomberg News. The offering would mark Asia's record-high health-care listing, the report states, indicating that JD Health has secured six investors that include Singapore sovereign wealth fund GIC Pte, Hillhouse Capital and BlackRock. Reference Link
BABA
Nov 23, 2020 | 08:55 EST
Friday's total option volume of 36.1 million contracts resulted in net open interest growth of 5.33 million calls and 4.08 million puts. Apple (AAPL), Tesla (TSLA), Alibaba (BABA) and Snap Inc. (SNAP) saw the greatest growth. Top five new positions opened include 102k General Electric (GE) Jun-21 10 calls, 31k General Electric (GE) Dec-20 9 puts, 25k American Airlines (AAL) May-21 15 calls, 25k PG&E (PCG) 12/31 weekly 12 puts and 25k PG&E (PCG) 12/31 weekly 13.5 calls.