老虎證券

BUZZ-Alibaba HK shares at nearly 4-year peak on sector outlook optimism

Reuters
09/15
BUZZ-Alibaba HK shares at nearly 4-year peak on sector outlook optimism

** HK shares of Alibaba 9988.HK climb 3.8% to HK$156.8, highest since November 2021

** Stock on course for seventh consecutive session of gains

** UOB Kay Hian maintains "overweight" on China's Internet sector; names Alibaba, Tencent 0700.HK, Trip.com 9961.HK and Kuaishou 1024.HK its top buys

** Foresees AI/AI Cloud, online gaming and OTAs (Online Travel Agency) poised to benefit from further re-rating, supported by outperformance in growth

** Tencent 0700.HK, Trip.com 9961.HK, Kuaishou 1024.HK add 0.8%, 1.1% and 2.3% respectively

** YTD, Alibaba HK stock up 84.8%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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