CICC presents a table listing investment ratings and target prices for Chinese tech stocks.

CICC issued a report listing investment ratings and target prices for Chinese internet stocks: Stocks | Investment Rating | Target Price (1) Content, social media, and gaming companies Tencent (00700.HK) | Outperform | HKD 666 NetEase (NTES.US) | Outperform | USD 171 NetEase-S (09999.HK) | Outperform | HKD 265 Kuaishou-W (01024.HK) | Outperform | HKD 72.8 Bilibili (BILI.US) | Outperform | USD 30 Bilibili-W (09626.HK) | Outperform | HKD 232 Zhihu (

AASTOCKS56minutes ago

Morgan Stanley has downgraded Trip.Com's (TCOM.US) target price to $70 due to a slowdown in hotel revenue growth, lowering its revenue forecast.

Morgan Stanley issued a research report updating the risk-return profile of Trip.Com Group-S (09961.HK). It lowered its revenue forecasts for the years 2026 to 2028 by 0.6% to 1.7%, reflecting a slowdown in hotel revenue growth, and reduced the non-GAAP operating profit due to weaker operating leverage. Consequently, Morgan Stanley cut its adjusted earnings per share projections for 2026, 2027, and 2028 by 1.3%, 2.5%, and 3.7%, respectively. The firm also decreased its price target for Trip.Com (TCOM.US) shares listed in the US by 7%, from $75 to $70, primarily reflecting revisions in earnings forecasts and changes in free cash flow predictions for later years.

AASTOCKS10:20

Express News | The Cyberspace Administration of China and the National Railway Administration jointly summoned seven third-party platforms involved in train ticket sales.

BreakingsApr 10 20:02

CMB Securities: The resilience of travel during the Qingming Festival, bolstered by the Spring Festival effect, highlights continued optimism for the industry’s upward momentum.

It is recommended to focus on online travel agencies (OTAs) and hotels driven by leisure demand, which are strongly correlated with travel volumes and currently undervalued, as well as regional scenic spots benefiting from internal optimization and improved external transportation conditions.

Zhitong FinanceApr 10 11:15

Orient Securities: The consecutive Qingming and Spring holidays have given rise to a "Spring Mini Golden Week" effect, with travel activity expected to remain robust.

The extension of spring break has contributed to a steady increase in travel data during the Qingming Festival. As April begins, with spring breaks being implemented in more provinces and cities, travel activity is expected to remain robust.

Zhitong FinanceApr 9 15:29

Goldman Sachs Bullish on Global Tech Stocks: Low Valuations Present Buying Opportunities, More Defensive Amid Iran Conflict

① Goldman Sachs noted that global technology stocks, including U.S. tech stocks, are currently trading at relatively low valuations after an extended period of underperformance, presenting potential entry opportunities for investors; ② Goldman Sachs also mentioned that technology stocks may exhibit relatively stronger defensive characteristics amid the Iran conflict.

cls.cnApr 7 21:50