Tiger Brokers

BUZZ-Alibaba's HK shares hit nearly 4-year high on outlook optimism

Reuters
Yesterday
BUZZ-Alibaba's HK shares hit nearly 4-year high on outlook optimism

** HK shares of Alibaba 9988.HK climb 4.2% to HK$147.9, highest since November 2021

** Stock set for fourth consecutive session of gains; tops most actively traded shares by turnover

** U.S.-listed stock BABA.N rose 4.2% on Tuesday

** Alibaba's mapping app Amap moving away from traditional focus on navigation and encroaching into rival Meituan's 3690.HK local-lifestyle territory by launching own ranking of restaurants, hotels, tourist destinations

** Nomura retained "buy" last week as positive tone maintained on group's quick commerce, ecommerce, cloud businesses

** Barclays raises PT to $190 from $145

** YTD, Alibaba's HK stock up 76.5%, U.S.-listed shares up 74.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10