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Nomura: Prefers Meituan-W in the e-commerce sector, holding more Tencent Holdings than Alibaba.
Morgan Stanley's research report stated that in the case of weak consumer spending, it holds a cautious attitude towards the growth of the industry's Gross Merchandise Volume (GMV). However, it maintains a constructive attitude towards stabilizing Alibaba-SW's market share through the improvement of value products, the maturity of live e-commerce, and the further penetration into lower-tier cities by integrating WeChat Pay. Morgan Stanley predicts that Alibaba's commodity trading volume will increase by 6% and 5% in the second and third fiscal quarters, respectively. At the same time, it is expected that Alibaba's Customer Management Revenue (CMR) growth in the second and third fiscal quarters will improve by 3% and 5%, respectively. The bank stated that competition is a concern for Morgan Stanley regarding Alibaba and the entire e-commerce industry.
Top Cyclical Stocks for an Expected GDP Boost
China's Mid-Autumn Holiday Offers Weaker Prospects for Online Travel Companies, Jefferies Says
[Brokerage Focus] China Merchants Securities reported a 2.1% year-on-year growth in August's social retail sales. It is recommended to pay attention to the ota layout opportunities.
China Merchants Securities has published a research report stating that the total retail sales of consumer goods in August 2024 was 3,872.6 billion yuan, a year-on-year increase of 2.1% with a slightly lower growth rate compared to the previous month. In terms of consumption types, the total retail sales of goods in August reached 3,437.5 billion yuan, a year-on-year increase of 1.9%, while the dining retail income was 435.1 billion yuan, a year-on-year increase of 3.3%; the retail sales of services from January to August had a year-on-year growth of 6.9%, outpacing the 3.4% growth of the overall retail market during the same period. In terms of regions, the retail sales of consumer goods in urban and rural areas in August were 3,357.5 billion yuan and 515.1 billion yuan, respectively, with a year-on-year increase of 1.8% and 3.9%.
Guosen Securities: Overall operation of the travel chain is flat, embracing high-quality leading companies with outstanding member traffic.
The overall performance of the company's travel chain in the first half of the year was relatively flat, but the leading operators with online platform traffic advantages still clearly outperformed the CSI leading industry index. At the same time, they have brand and membership traffic advantages, and the expansion of the chain (mainly franchise expansion) and the efficient operation of high-quality leading companies still achieved good alpha growth.
Is Trip.com Group Limited's (NASDAQ:TCOM) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
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