1⃣China Life: after dropping 15% since mid-January, the stock appears to be showing recovery from the HKD 25 range
📑The shares traded to a 4-month low of HKD 24.82 on 26 March after the company reported a 44% rise in full-year 2025 net profit to RMB 154.08 billion, but suffered a fourth-quarter net loss of RMB 13.7 billion due to lower investment income and insurance service revenue
📝Bloomberg Intelligence (BI) published a report this morning that China Life's new business value - discounted future profit of new policies - is likely to rise by 15% or more this year, on the heels of last year's 36% gain
🤝BI believes that China Life's vast bancassurance partnerships with over 100 banks should position it to capture an influx of maturing bank deposits seeking alternative savings solutions
✳✴With China Life shares up 4.3% today to HKD 27.44 as of 958AM, Macquarie's trending China Life call $CLIFE MBeCW261005(1W2W.SI)$ (https://warrants.com.sg/tools/livematrix/1W2W) is up 20.8% to SGD 0.058 while trending put warrant $CLIFE MBePW260602(XWBW.SI)$ (https://warrants.com.sg/tools/livematrix/XWBW) is down 31.6% to SGD 0.013
2⃣ Alibaba: despite its 3.2% rally to HKD 126.80 as of 1007AM, the stock is down 18% from its mid-January high of HKD 154.30. The trending Alibaba call warrant $Alibaba MB eCW261005(NNTW.SI)$ (https://warrants.com.sg/tools/livematrix/NNTW) is up 18.8% to SGD 0.038 on today's share price move while trending Alibaba put warrant 9POW (https://warrants.com.sg/tools/livematrix/9POW) is down 10.9% to SGD 0.114
🔻This week, an analyst downgraded his targe price on Alibaba, citing higher spending on Qwen promotions in China's AI race and expects bigger losses in the company's non-core businesses (Bloomberg)
🤖Meanwhile, Alibaba's cloud and AI unit is expected to remain a prime growth engine for the March quarter despite near-term pressure, with the growth rate forecast to accelerate as the company steps up AI monetization (South China Morning Post)
🔝The stock's is amongst the top 10% of equities for relative worth on Benzinga Edge given its sharp selloff since January
3⃣ $NIO Inc. USD OV(NIO.SI)$ the 6% sell off in the shares to USD 6.17 today comes on the back of a 25% rally of the share since mid-January. Trending Nio call warrant $NIO MBeCW260826(TBPW.SI)$ (https://warrants.com.sg/tools/livematrix/TBPW) which is down 18.3% today to SGD 0.058, remains 31.8% higher this month to date (mtd) given Nio's 11.4% mtd gains
📢On 31 March, the company reported first quarter deliveries of 83,465 vehicles, a 98.3% year-over-year increase, beating Bloomberg estimates of about 81,360
🏆Nio's strong delivery performance stands in contrast to the broader Chinese EV market slowdown, with larger rival BYD reporting a 20% year-over-year decline in March passenger vehicle sales (Dow Jones Barron's)
🆕Yesterday, NIO unveiled the ES9 SUV - a premium yet competitively priced offering to replace the smaller ES8 SUV
🚘The company's momentum is being supported by elevated oil prices and geopolitical tensions that are boosting interest in electric vehicles (South China Morning Post)
Comments