Overseas Expansion to Remain Key Growth Driver for China Internet Stocks -- Market Talk

Dow Jones12-19 12:53

0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international transaction volume, which reached one-third of its domestic transactions this year. Xiaomi is set to sustain the recovery in its overseas sales growth, driven by its product launch cycle, Choi adds. In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 18, 2024 23:53 ET (04:53 GMT)

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In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 23:53 ET (04:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Overseas Expansion to Remain Key Growth Driver for China Internet Stocks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOverseas Expansion to Remain Key Growth Driver for China Internet Stocks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 12:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0261950983.USD","symbol_name":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492183121","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492183121","pubTimestamp":1734583980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international transaction volume, which reached one-third of its domestic transactions this year. Xiaomi is set to sustain the recovery in its overseas sales growth, driven by its product launch cycle, Choi adds. In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. 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He thinks investors have overlooked Didi's international transaction volume, which reached one-third of its domestic transactions this year. Xiaomi is set to sustain the recovery in its overseas sales growth, driven by its product launch cycle, Choi adds. In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. 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