Alibaba Gets Rare Wall Street Downgrade as Rival Gains Traction

Bloomberg2023-12-01

Morgan Stanley cut rating on Alibaba’s ADRs to equal-weightRival PDD reaches $196 billion market cap, surpassing AlibabaAlibaba Group Holding Ltd. received a rare downgrade from Wall Street on the ...

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Comments

Dave Fu
2023-12-01
Dave Fu
Take them as noises n focus on fundamentals! In the world of investing the smart money outwitted the retail investors with noises .
Toby_Chua
2023-12-01
Toby_Chua
Well herd mentality for analysts soon other may follow
Danielng
2023-12-01
Danielng
ANALyst. Price go up, TP goes up. Price go down, TP goes down. Asses

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Saudi Arabia Offers Iran Investment to Blunt Gaza War. These Are the World's Most Expensive Cities to Live In Right Now. Biggest Blowout in Bonds Since the 1980s Sparks Everything Rally. Morgan Stanley cut its rating on Alibaba’s American depositary receipts to equal-weight from overweight, lowering its price target to $90 from $110. That’s the first downgrade on the company’s US-listed shares since late June, according to data compiled by Bloomberg.Alibaba is seeing a slower-than-expected turnaround, and its decision to withdraw the spinoff of its cloud business “brings uncertainty to the value-unlocking from reorganization,” analysts including Eddy Wang and Gary Yu wrote in a report dated Thursday.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4501":"段永平概念","BK4579":"人工智能","BK4588":"碎股","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0359201612.USD":"贝莱德中国基金A2","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0048580855.USD":"富达大中华区A","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BK4554":"元宇宙及AR概念","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4553":"喜马拉雅资本持仓","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4531":"中概回港概念","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4585":"ETF&股票定投概念","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4534":"瑞士信贷持仓","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","BK4220":"综合零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0051755006.USD":"摩根大通中国A (dist)","LU0370786039.SGD":"Fidelity Greater China A-SGD","BK4587":"ChatGPT概念","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","PDD":"拼多多","BK4535":"淡马锡持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD"},"translate_title":"阿里巴巴-SW获得罕见的降级，竞争对手获得牵引力","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDD":0.6},"content_text":"Morgan Stanley cut rating on Alibaba’s ADRs to equal-weightRival PDD reaches $196 billion market cap, surpassing AlibabaAlibaba Group Holding Ltd. received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.Morgan Stanley cut its rating on Alibaba’s American depositary receipts to equal-weight from overweight, lowering its price target to $90 from $110. That’s the first downgrade on the company’s US-listed shares since late June, according to data compiled by Bloomberg.Alibaba is seeing a slower-than-expected turnaround, and its decision to withdraw the spinoff of its cloud business “brings uncertainty to the value-unlocking from reorganization,” analysts including Eddy Wang and Gary Yu wrote in a report dated Thursday.At the same time, Morgan Stanley named PDD Holdings Inc. as its top pick in China’s e-commerce sector, viewing it as “best placed amid the increasingly entrenched trait of consumer price sensitivity.”PDD — the eight-year-old upstart best known for its hit Temu marketplace — closed Thursday trading in the US with a market cap of about $196 billion, surpassing Alibaba’s value for the first time. PDD has surged more than 80% so far this year while Alibaba has dropped 15% in US trading.While Jack Ma’s Alibaba has become an icon in the internet industry, dominating online shopping in China for more than a decade, PDD has been able win customers at home and expand abroad with cut-rate pricing.Morgan Stanley also removed Alibaba from its China/HK Focus List, replacing it with mainland-listed Aluminum Corporation of China Ltd.Brokers still remain largely bullish overall on Alibaba, whose ADRs have 44 buy ratings and eight recommendations at the equivalent of hold. That compares with 52 buys and three holds for PDD.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":247246001770512,"gmtCreate":1701400820865,"gmtModify":1701400825551,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://community-static.tradeup.com/news/7a2df364abb41de8f63f90de07d486d5","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"htmlText":"Take them as noises n focus on fundamentals! In the world of investing the smart money outwitted the retail investors with noises .&nbsp;","listText":"Take them as noises n focus on fundamentals! In the world of investing the smart money outwitted the retail investors with noises .&nbsp;","text":"Take them as noises n focus on fundamentals! In the world of investing the smart money outwitted the retail investors with noises .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/247246001770512","repostId":2388832470,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":247234177437784,"gmtCreate":1701397827097,"gmtModify":1701397831876,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"Toby_Chua","avatar":"https://community-static.tradeup.com/news/82ec063fd73ccbceee82eab015cdf3fd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576326749731922","authorIdStr":"3576326749731922"},"htmlText":"Well herd mentality for analysts soon other may follow&nbsp;","listText":"Well herd mentality for analysts soon other may follow&nbsp;","text":"Well herd mentality for analysts soon other may follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/247234177437784","repostId":2388832470,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":247223727607904,"gmtCreate":1701395276683,"gmtModify":1701395281203,"author":{"id":"3567242381966976","authorId":"3567242381966976","name":"Danielng","avatar":"https://community-static.tradeup.com/news/5cd5b4aefd2b0994474d489d4d1c2904","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":7,"crmLevelSwitch":1,"idStr":"3567242381966976","authorIdStr":"3567242381966976"},"htmlText":"ANALyst. Price go up, TP goes up. Price go down, TP goes down. Asses","listText":"ANALyst. Price go up, TP goes up. Price go down, TP goes down. Asses","text":"ANALyst. Price go up, TP goes up. Price go down, TP goes down. Asses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/247223727607904","repostId":2388832470,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":3,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2388832470"}