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2021-09-10

$CHINA RAILWAY(00390)$nice run

2021-09-06

$CHINA RAILWAY(00390)$any target on this?

2021-08-06

Hoi

COSCO Shipping Energy's Shanghai shares hit 16-month low on weak outlook

2021-07-09

Weeee

China cuts reserve requirements to support economic recovery

2021-06-12

$Walt Disney(DIS)$ignore

2021-06-09

$Alibaba(09988)$eeverday painful siah

2021-06-05

Er hu anyone $MIU 210729 26.00 PUT(MIU.HK)$

2021-06-05

Great article

@美股研究社:【特斯拉將成爲本週標普500指數中最差的成分股之一】

2021-06-03

$Alibaba(09988)$zheng me ban

2021-05-16

Why so low

2021-05-13

Let's go

Alibaba posts loss due to anti-monopoly fine but beats revenue expectations

2021-05-07

Laggard...

Where Will Alibaba Stock Be In 5 Years?

2021-05-07

$Industrial and Commercial Bank of China(01398)$sharing my test app

2021-05-07

Amd testing post

2021-05-07

Great ariticle, would you like to share it?

BRIEF-ICBC Says Q1 Net Profit 85.73 Bln Yuan

2021-05-06

ok

Sorry, the original content has been removed

2021-05-05

$Alibaba(09988)$why???

2021-05-05

Crash and burn

2021-05-05

Bleeding all the time

2021-05-05

Bleeding non stop

Go to Tiger App to see more news

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Shanghai shares hit 16-month low on weak outlook</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{ 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#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\">\nCOSCO Shipping Energy's Shanghai shares hit 16-month low on weak outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-21 14:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shanghai shares of COSCO Shipping Energy Transportation Co Ltd fall 5.7% to 5.66 yuan, lowest since March 2020</p>\n<p>** Stock of the Chinese oil products and liquefied natural gas shipping group on track for the worst day since Jan. 28 in its second straight session of decline</p>\n<p>** Co expects its H1 profit to drop to 503 mln-603 mln yuan ($77.68 mln-$93.12 mln) from 2.955 bln yuan profit a year earlier amid slow recovery in global oil demand and sluggish international oil shipping market</p>\n<p>** Co's Hong Kong-listed shares&nbsp;fall 3.5% to HK$3.07, the lowest since Feb. 8, and on course for a fourth straight session of decline</p>\n<p>** The Hong Kong Hang Seng Commerce &amp; Industry Index&nbsp;drops 0.8%, and the composite industry index tracking energy stocks slips 0.7%%</p>\n<p>** The Hang Seng China Enterprises Index eases 0.7%, and the benchmark index slides 0.5%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01138":"中远海能"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153151611","content_text":"** Shanghai shares of COSCO Shipping Energy Transportation Co Ltd fall 5.7% to 5.66 yuan, lowest since March 2020\n** Stock of the Chinese oil products and liquefied natural gas shipping group on track for the worst day since Jan. 28 in its second straight session of decline\n** Co expects its H1 profit to drop to 503 mln-603 mln yuan ($77.68 mln-$93.12 mln) from 2.955 bln yuan profit a year earlier amid slow recovery in global oil demand and sluggish international oil shipping market\n** Co's Hong Kong-listed shares fall 3.5% to HK$3.07, the lowest since Feb. 8, and on course for a fourth straight session of decline\n** The Hong Kong Hang Seng Commerce & Industry Index drops 0.8%, and the composite industry index tracking energy stocks slips 0.7%%\n** The Hang Seng China Enterprises Index eases 0.7%, and the benchmark index slides 0.5%","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141082237,"gmtCreate":1625824708329,"gmtModify":1703749309410,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Weeee","listText":"Weeee","text":"Weeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141082237","repostId":"2150980376","repostType":4,"repost":{"id":"2150980376","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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href=\"https://laohu8.com/S/RRR\">$(RRR)$</a> for all banks by 50 basis points (bps), effective on July 15.</p>\n<p>Banks that are subject to an RRR of 5% will be exempted from the new cut.</p>\n<p>The PBOC last cut the RRR in April last year, when the Chinese economy was still badly jolted by the coronavirus crisis. As the economy staged a strong rebound, aided by the surprisingly resilient exports, the PBOC had since shifted to a moderately tightening bias.</p>\n<p>The country's cabinet said on Wednesday that authorities will use timely cuts in RRR to help small firms cope with the negative impact from rising commodity prices, which came as a surprise to the market.</p>","collect":0,"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>China cuts reserve requirements to support economic recovery</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\">\nChina cuts reserve requirements to support economic recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-09 17:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, July 9 (Reuters) - China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to help underpin an economic recovery that is starting to lose momentum.</p>\n<p>The People's Bank of China (PBOC) said on its website it would cut the reserve requirement ratio <a href=\"https://laohu8.com/S/RRR\">$(RRR)$</a> for all banks by 50 basis points (bps), effective on July 15.</p>\n<p>Banks that are subject to an RRR of 5% will be exempted from the new cut.</p>\n<p>The PBOC last cut the RRR in April last year, when the Chinese economy was still badly jolted by the coronavirus crisis. As the economy staged a strong rebound, aided by the surprisingly resilient exports, the PBOC had since shifted to a moderately tightening bias.</p>\n<p>The country's cabinet said on Wednesday that authorities will use timely cuts in RRR to help small firms cope with the negative impact from rising commodity prices, which came as a surprise to the market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150980376","content_text":"BEIJING, July 9 (Reuters) - China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to help underpin an economic recovery that is starting to lose momentum.\nThe People's Bank of China (PBOC) said on its website it would cut the reserve requirement ratio $(RRR)$ for all banks by 50 basis points (bps), effective on July 15.\nBanks that are subject to an RRR of 5% will be exempted from the new cut.\nThe PBOC last cut the RRR in April last year, when the Chinese economy was still badly jolted by the coronavirus crisis. As the economy staged a strong rebound, aided by the surprisingly resilient exports, the PBOC had since shifted to a moderately tightening bias.\nThe country's cabinet said on Wednesday that authorities will use timely cuts in RRR to help small firms cope with the negative impact from rising commodity prices, which came as a surprise to the market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188692745,"gmtCreate":1623430891088,"gmtModify":1704203660288,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ignore","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ignore","text":"$Walt Disney(DIS)$ignore","images":[{"img":"https://static.tigerbbs.com/8b4a2fb1bcfc627de7319349ac9a96b6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188692745","isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":180267559,"gmtCreate":1623207042671,"gmtModify":1704198363614,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>eeverday painful&nbsp;siah","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>eeverday painful&nbsp;siah","text":"$Alibaba(09988)$eeverday painful siah","images":[{"img":"https://static.tigerbbs.com/48bc0b1b7607ccd8be472929e2ac800a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/180267559","isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571130391288455","authorId":"3571130391288455","name":"Index_","avatar":"https://static.tigerbbs.com/dc0d97dba3e4e81e37a8eaa5687c85c6","crmLevel":1,"crmLevelSwitch":0},"content":"It is going to be flat for years","text":"It is going to be flat for years","html":"It is going to be flat for years"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112358936,"gmtCreate":1622852767225,"gmtModify":1704192359660,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Er hu anyone&nbsp;&nbsp;<a href=\"https://laohu8.com/S/MIU.HK\">$MIU 210729 26.00 PUT(MIU.HK)$</a>","listText":"Er hu anyone&nbsp;&nbsp;<a href=\"https://laohu8.com/S/MIU.HK\">$MIU 210729 26.00 PUT(MIU.HK)$</a>","text":"Er hu anyone $MIU 210729 26.00 PUT(MIU.HK)$","images":[{"img":"https://static.tigerbbs.com/8ebd58668c22609b13db7709f0d266d6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/112358936","isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112353594,"gmtCreate":1622852701318,"gmtModify":1704192357355,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great article","listText":"Great article","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112353594","repostId":"112001889","repostType":1,"repost":{"id":112001889,"gmtCreate":1622821921841,"gmtModify":1704191992729,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【特斯拉將成爲本週標普500指數中最差的成分股之一】","htmlText":"【特斯拉將成爲本週標普500指數中最差的成分股之一】美股研究社訊，<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>特斯拉(TSLA.O)是本週標普500指數中表現最差的股票之一，在今天反彈之前累跌了8.3%。如果反彈持續下去，股價收盤時仍將累跌5%。本週的下跌是由於對中國銷量的擔憂加劇。週四，The Information報道稱，國產特斯拉的銷量下滑了近50%。此外，競爭對手在電動汽車方面也在不斷取得進展。週四福特汽車(F.N)稱5月份電動汽車銷量增長了184%。此外，有報道稱，監管機構稱，CEO馬斯克兩次違反了法院的政策，該政策要求他發佈推文前必須經過公司律師批准。","listText":"【特斯拉將成爲本週標普500指數中最差的成分股之一】美股研究社訊，<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>特斯拉(TSLA.O)是本週標普500指數中表現最差的股票之一，在今天反彈之前累跌了8.3%。如果反彈持續下去，股價收盤時仍將累跌5%。本週的下跌是由於對中國銷量的擔憂加劇。週四，The Information報道稱，國產特斯拉的銷量下滑了近50%。此外，競爭對手在電動汽車方面也在不斷取得進展。週四福特汽車(F.N)稱5月份電動汽車銷量增長了184%。此外，有報道稱，監管機構稱，CEO馬斯克兩次違反了法院的政策，該政策要求他發佈推文前必須經過公司律師批准。","text":"【特斯拉將成爲本週標普500指數中最差的成分股之一】美股研究社訊，$特斯拉(TSLA)$特斯拉(TSLA.O)是本週標普500指數中表現最差的股票之一，在今天反彈之前累跌了8.3%。如果反彈持續下去，股價收盤時仍將累跌5%。本週的下跌是由於對中國銷量的擔憂加劇。週四，The Information報道稱，國產特斯拉的銷量下滑了近50%。此外，競爭對手在電動汽車方面也在不斷取得進展。週四福特汽車(F.N)稱5月份電動汽車銷量增長了184%。此外，有報道稱，監管機構稱，CEO馬斯克兩次違反了法院的政策，該政策要求他發佈推文前必須經過公司律師批准。","images":[{"img":"https://static.tigerbbs.com/8634ac1230e83c83414695ffd8c2096b","width":"828","height":"492"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112001889","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111929672,"gmtCreate":1622649719796,"gmtModify":1704188152630,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>zheng me ban","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>zheng me ban","text":"$Alibaba(09988)$zheng me ban","images":[{"img":"https://static.tigerbbs.com/b625827f8f27c0c31e92828bfe08a066","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/111929672","isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192118793,"gmtCreate":1621160622112,"gmtModify":1704353499114,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Why so low","listText":"Why so low","text":"Why so low","images":[{"img":"https://static.tigerbbs.com/ef2529d65f1e34eae5ee6c6f7446e7d3","width":"1080","height":"3019"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192118793","isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":191793421,"gmtCreate":1620905329063,"gmtModify":1704350201673,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Let's go&nbsp;","listText":"Let's go&nbsp;","text":"Let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191793421","repostId":"1179179054","repostType":4,"repost":{"id":"1179179054","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620905062,"share":"https://www.laohu8.com/m/news/1179179054?lang=&edition=full","pubTime":"2021-05-13 19:24","market":"us","language":"en","title":"Alibaba posts loss due to anti-monopoly fine but beats revenue expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1179179054","media":"Tiger Newspress","summary":" Alibaba Group Holding Limited  today announced its financial results for the quarter and fiscal year ended March 31, 2021.“We surpassed our annual revenue guidance in fiscal year 2021 by achieving strong organic revenue growth of 32% excluding the consolidation of the newly-acquired Sun Art. This was driven by robust performance of our core commerce businesses as well as continued growth of Alibaba Cloud. Our adjusted EBITDA grew 25% year-over-year while we increased investments in new business","content":"<p>(May 13)&nbsp;Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and fiscal year ended March 31, 2021.</p><ul><li>Alibaba&nbsp;Q4 Non-GAAP EPS of RMB10.32&nbsp;misses by RMB2.96; GAAP EPS of -RMB1.99.</li><li>Revenue of RMB187.4B (+63.9% Y/Y)beats by RMB6.73B.</li><li>Annual active consumers on our&nbsp;China&nbsp;retail marketplaces was 811 million for the twelve months ended March 31, 2021, an increase of 32 million from the twelve months ended December 31, 2020.</li><li>Mobile MAUs on our&nbsp;China&nbsp;retail marketplaces reached 925 million in March 2021, an increase of 23 million over December 2020.</li><li>“We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets,”&nbsp;said&nbsp;Maggie Wu, Chief Financial Officer of Alibaba Group.</li></ul><p>Alibaba&nbsp;rose 0.05% in premarket trading.<img src=\"https://static.tigerbbs.com/921d78254d608876b280bdeb0de34008\" tg-width=\"766\" tg-height=\"494\" referrerpolicy=\"no-referrer\"></p><p>“Alibaba achieved a historic milestone of one billion annual active consumers globally in the fiscal year ended March 2021,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Our overall business delivered strong growth on a healthy foundation, with the Alibaba Ecosystem generating a record US$1.2 trillion in GMV during this fiscal year. Such achievements were built on top of clear value propositions that we offer to consumers and merchants. We remain very excited about the growth of China’s consumption economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. We will continue to focus on customer experience and value creation through innovation, as we pursue our mission to make it easy to do business anywhere in the digital era.”</p><p>“We surpassed our annual revenue guidance in fiscal year 2021 by achieving strong organic revenue growth of 32% excluding the consolidation of the newly-acquired Sun Art. This was driven by robust performance of our core commerce businesses as well as continued growth of Alibaba Cloud. Our adjusted EBITDA grew 25% year-over-year while we increased investments in new businesses and key strategic growth areas,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets.”</p><p><b>BUSINESS HIGHLIGHTS</b></p><p><b>In the quarter ended March 31, 2021:</b></p><ul><li><b>Revenue</b>was RMB187,395 million (US$28,602 million), an increase of 64% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 40% year-over-year to RMB159,952 million (US$24,413 million).</li><li><b>Annual active consumers</b>on our China retail marketplaces was 811 million for the twelve months ended March 31, 2021, an increase of 32 million from the twelve months ended December 31, 2020.</li><li><b>Mobile MAUs</b>on our China retail marketplaces reached 925 million in March 2021, an increase of 23 million over December 2020.</li><li><b>Loss from operations</b>was RMB7,663 million (US$1,170 million) due to a RMB18,228 million (US$2,782 million) fine levied by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”). Excluding this one-time impact, our income from operations would have been RMB10,565 million (US$1,612 million), an increase of 48% year-over-year.<b>Adjusted EBITDA</b>, a non-GAAP measurement, increased 18% year-over-year to RMB29,898 million (US$4,563 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, increased 14% year-over-year to RMB22,612 million (US$3,451 million).</li><li><b>Net loss attributable to ordinary shareholders</b>was RMB5,479 million (US$836 million),and<b>net loss</b>was RMB7,654 million (US$1,168 million), primarily due to the above-mentioned Anti-monopoly Fine. Excluding this impact and certain other items,<b>non-GAAP net income</b>was RMB26,216 million (US$4,001 million), an increase of 18% year-over-year.</li><li><b>Diluted loss per ADS</b>was RMB1.99 (US$0.30) and<b>diluted loss per share</b>was RMB0.25 (US$0.04 or HK$0.30), primarily due to the above-mentioned Anti-monopoly Fine. Excluding this impact and certain other items,<b>non-GAAP diluted earnings per ADS</b>was RMB10.32 (US$1.58), an increase of 12% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB1.29 (US$0.20 or HK$1.53), an increase of 12% year-over-year.</li><li><b>Net cash provided by operating activities</b>was RMB24,183 million (US$3,691 million).<b>Non-GAAP free cash flow</b>was an outflow of RMB658 million (US$100 million), compared to an outflow of RMB4,214 million in the same quarter of 2020.</li></ul><p><b>In the fiscal year ended March 31, 2021:</b></p><ul><li><b>Revenue</b>was RMB717,289 million (US$109,480 million), an increase of 41% year-over-year. Excluding the consolidation of Sun Art starting in October 2020, our revenue would have grown 32% year-over-year to RMB674,420 million (US$102,937 million).</li><li><b>Annual active consumers</b>for the Alibaba Ecosystem reached a milestone of over 1 billion, including 891 million consumers across our China retail marketplace, Local Consumer Services and digital media and entertainment platforms, and approximately 240 million consumers outside China. Annual active consumers on our China retail marketplaces was 811 million, an increase of 85 million from the twelve months ended March 31, 2020.</li><li><b>Mobile MAUs</b>on our China retail marketplaces reached 925 million in March 2021, an increase of 79 million over March 2020.</li><li><b>GMV</b>transacted in the Alibaba Ecosystem was RMB8,119 billion (US$1,239 billion) for fiscal year 2021, which mainly included China retail marketplaces GMV of RMB7,494 billion (US$1,144 billion), as well as international retail marketplaces and Local Consumer Services GMV.</li><li><b>Income from operations</b>was RMB89,678 million (US$13,688 million), a decrease of 2% year-over-year, primarily due to the above-mentioned Anti-monopoly Fine as well as a RMB16,054 million increase in share-based compensation expense related to Ant Group share-based awards granted to our employees.<b>Adjusted EBITDA</b>, a non-GAAP measurement, increased 25% year-over-year to RMB196,842 million (US$30,044 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, increased 24% year-over-year to RMB170,453 million (US$26,016 million).</li><li><b>Adjusted EBITA for core commerce</b>was RMB194,512 million (US$29,688 million), an increase of 17% year-over-year. Our<b>marketplace-based core commerce adjusted EBITA</b>, a non-GAAP measurement, increased 17% year-over-year to RMB229,134 million (US$34,973 million). Starting this quarter, for purposes of presenting our marketplace-based core commerce adjusted EBITA, we expanded the list of new initiative businesses that we break out in order to present the progress of our strategic investments as well as the profitability of our marketplace-based core commerce businesses on a like-for-like basis. The new initiative businesses, which now include our New Retail businesses (primarily Freshippo, Tmall Supermarket, Community Marketplaces and Taoxianda), Local Consumer Services, Lazada, Taobao Deals, Cainiao Network, and others, represent strategic areas where we are executing to capture incremental opportunities. Comparative figures are presented in the same manner accordingly.</li><li><b>Net income attributable to ordinary shareholders</b>was RMB150,308 million (US$22,941 million),and<b>net income</b>was RMB143,284 million (US$21,869 million), which reflected the above-mentioned Anti-monopoly Fine and the increase in share-based compensation expense described in “Income from operations” above.Excluding these impacts and certain other items,<b>non-GAAP net income</b>was RMB171,985 million (US$26,250 million), an increase of 30% year-over-year.</li><li><b>Diluted earnings per ADS</b>was RMB54.70 (US$8.35) and<b>diluted earnings per share</b>was RMB6.84 (US$1.04 or HK$8.09), which reflected the above-mentioned Anti-monopoly Fine and the increase in share-based compensation expense described in “Income from operations” above.Excluding these impacts and certain other items,<b>non-GAAP diluted earnings per ADS</b>was RMB65.15 (US$9.94), an increase of 23% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB8.14 (US$1.24 or HK$9.63), an increase of 23% year-over-year.</li><li><b>Net cash provided by operating activities</b>was RMB231,786 million (US$35,378 million) and<b>non-GAAP free cash flow</b>was RMB172,662 million (US$26,353 million), an increase of 32% year-over-year.</li></ul><p>Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.</p><p><b>BUSINESS AND STRATEGIC UPDATES</b></p><p><b>Alibaba Ecosystem</b></p><p>Our China consumer-facing businesses include China retail marketplaces, Local Consumer Services and digital media and entertainment platforms, serving the Chinese consumer sector, which is a RMB41.9 trillion (US$6.4 trillion) market for the twelve months ended March 31, 2021, according to the National Bureau of Statistics. Our China consumer-facing businesses served 891 million annual active consumers during the twelve months ended March 31, 2021. Our international retail marketplaces, which include mainly the AliExpress cross-border retail platform and Lazada in Southeast Asia, served approximately 240 million annual active consumers during the same period. Our China and international consumer segments combined to serve over one billion annual active consumers and generated RMB8,119 billion (US$1,239 billion) in GMV.</p><p>Our digital infrastructure, such as smart logistics and cloud computing, which enables and underpins across our platforms to serve our major commerce, local services and entertainment businesses, gives us unique technology-driven capabilities to meet changing consumer demand and help our enterprise customers and partners achieve digital transformation.</p><p><b>Core Commerce</b></p><p><b>China Retail Marketplaces – comprehensive product supply and engaging user experience drive consumer growth and high consumer retention rate</b></p><p><i>Consumers</i></p><p>In March 2021, our China retail marketplaces had 925 million mobile MAUs, representing annual and quarterly net increases of 79 million and 23 million, respectively. There were 811 million annual active consumers on our China retail marketplaces for the twelve months ended March 31, 2021, representing annual and quarterly net increases of 85 million and 32 million, respectively. In fiscal year 2021, approximately 70% of new annual active consumers were from less developed areas.</p><p>In fiscal year 2021, the strong GMV and user growth on our China retail marketplaces reflected our strategic focus on less developed cities and towns and broadening offerings of products and services to meet diverse consumption demand. Overall online physical goods GMV, excluding unpaid orders, grew 21% year-over-year in fiscal year 2021, driven primarily by the fast-moving-consumer-goods (FMCG) and home furnishing categories, and 33% year-over-year in the March quarter, driven primarily by the apparel and home furnishing categories. For the March quarter, Tmall online physical goods GMV, excluding unpaid orders, grew 26% year-over-year and Taobao online physical goods GMV, excluding unpaid orders, grew even faster as SME merchants recovered from the pandemic.</p><p>Our app platforms appeal to a growing and increasingly diverse consumer base at various income levels as well as present different purchase use cases for the same consumer. Taobao Deals (特价版) offers value-for-money products for the price-conscious consumer and achieved rapid growth in fiscal year 2021. Annual active consumers of Taobao Deals reached over 150 million for the twelve months ended March 31, 2021. Taobao Deals continues to be an offering that attracts incremental users especially in less developed areas, and we have seen robust retention rate given its clear value-for-money proposition and its expanding product selections in different categories.</p><p>We also saw increasing engagement of the existing consumer base on our China retail app platforms. The longer a consumer has shopped on our platforms, the more they spend through more orders across more product categories. In fiscal year 2021, average annual spending per consumer on our China retail marketplaces reached over RMB9,200 (US$1,404). Consumers on our China retail marketplaces exhibit high retention across all spending levels.</p><p><i>Product Supply</i></p><p>A key to the success of our business is broadening product supply, including increasing the range of branded and imported products, going upstream to directly source agricultural products and expanding the breadth of selection of value-for-money and long-tail products. Consumption upgrading also helped to drive our business, as more consumers are purchasing from flagship stores of high-end brands and international retailers on our platforms. More than 200 luxury brands and retailers, such as Cartier, Farfetch, Gucci, IWC and Van Cleef &amp; Arpels, operated their flagship stores on our China retail marketplaces, as of March 31, 2021.</p><p><i>Engagement</i></p><p>The Taobao app is the largest social commerce platform in China, offering rich, highly relevant and curated content and features that enable merchants to engage with consumers through live-streaming, short-form videos, interactive games and microblogs. Among these interactive features, livestreaming is one of the fastest growing with significant scale. Taobao Live GMV reached over RMB500 billion (US$76.3 billion) in fiscal year 2021.</p><p><b>New Retail – multi-format New Retail businesses built on an expanding digital supply chain and increasingly diversified fulfilment services</b></p><p>Our New Retail strategy is to develop a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Over the years, we have helped many retailers digitally transform their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging our consumer insights and technology. These New Retail businesses are supported and strengthened by our ecosystem with an expanding supply chain and increasingly diversified fulfilment services.</p><p>Our New Retail commerce infrastructure now offers a full range of high-frequency fulfilment services that include on-demand delivery, same-or-next day delivery and next day pick-up services for a full range of consumable and physical products. We will continue to expand all of these fulfilment services across China to reach and serve even more consumers in both large cities and less developed areas as well as drive higher purchase frequency through more effective cross-selling on our China retail marketplaces.</p><p><i>Community Marketplaces</i>– As part of our latest exploration in New Retail, we started the Community Marketplaces business in select regions in China. Our Community Marketplaces business is supported by our next-day pickup fulfilment services and the supply capabilities of Freshippo, Sun Art and other partners. Given the initial success and long-term growth potential, we established a new business group in early 2021 to consolidate the resources and capabilities of the Alibaba Ecosystem in order to accelerate the growth of our Community Marketplaces business. Our Community Marketplaces are rapidly expanding their logistics and fulfilment infrastructure and aim to achieve broad coverage across mainland China within the next twelve months.</p><p><i>Freshippo</i>– Our self-operated retail chain Freshippo (known as “Hema” in Chinese) continued to execute a multi-format and multi-banner expansion strategy. In fiscal year 2021, Freshippo achieved healthy same-store sales growth, enriched and optimized its product selection and introduced new initiatives to improve customer experience. As of March 31, 2021, we had 257 self-operated Freshippo stores (compared to 202 stores as of March 31, 2020), primarily located in tier-one and tier-two cities throughout China.</p><p><i>Taoxianda</i>– Taoxianda, our online-offline retail integration service solution for FMCG brands and third-party grocery retail partners, puts us at the forefront of transforming the retail industry by digitalizing all aspects of store-based operations. Taoxianda drove Sun Art’s digitalization of its hypermarkets and, along with our other businesses, facilitated the growth of Sun Art’s online revenue. For the twelve months ended March 31, 2021, online revenue represented 24% of Sun Art’s sales of goods, increasing from 17% for the twelve months ended March 31, 2020. As of March 31, 2021, in addition to Sun Art, Taoxianda helped 42 retail chains to open online stores with services available across 145 cities in China and enabled over 168 retail chains, supermarkets and marketplaces to digitalize their marketing program.</p><p><b>Local Consumer Services – Investing for new user acquisition and enhanced consumer experience</b></p><p>In fiscal year 2021, Ele.me continued to improve its merchant supply and operating efficiency, as reflected in the increasing number of merchants, higher portion of GMV from national and regional chains and improved unit economics year-over-year. Building on this progress, starting from the March quarter 2021, Ele.me stepped up its investment in user acquisition as well as user experience enhancement. For example, during the Chinese New Year period Ele.me increased its rider subsidy to address the usual shortage of riders. As a result, Ele.me’s average daily number of paying members continued to grow strongly at approximately 40% year-over-year during the March quarter.</p><p><b>Cainiao Network – improving efficiency across the Alibaba Ecosystem and the logistics industry in China and internationally</b></p><p>Cainiao Network continues to expand both its domestic services and global smart logistics infrastructure by deepening integration with logistics partners as well as offering more products and services. In fiscal year 2021, after elimination of inter-company transactions, Cainiao Network achieved solid revenue growth of 68% year-over-year, to RMB37,258 million (US$5,687 million), representing 5% of our total revenue. Cainiao Network also reached an important milestone of generating positive operating cash flow during fiscal year 2021.</p><p>A key driver of Cainiao Network’s strong financial performance is its global smart logistics infrastructure, which took years of investment to build. This global logistics infrastructure now enjoys increasing adoption of “Fulfilled by Cainiao” services by merchants from our fast growing cross-border businesses, including AliExpress and Tmall Global. Daily package volume on Cainiao Network’s global parcel network for the month ended March 31, 2021 exceeded 5 million.</p><p>In China, Cainiao Network expanded the coverage of Cainiao Post (neighborhood and campus stations and residential self-pick up stations), as well as improved the customer experience of Cainiao Guoguo (crowdsourced parcel pick-up and delivery service). In March 2021, Cainiao Post’s average daily package volume nearly tripled year-over-year.</p><p><b>International – consistent strong growth of Lazada and AliExpress</b></p><p>Our international commerce retail business, mainly including Lazada and AliExpress, grew rapidly to achieve approximately 240 million annual active consumers in the twelve months ended March 31, 2021.</p><p><i>Lazada</i>– Lazada recorded triple-digit year-over-year order growth during the fiscal year and quarter ended March 31, 2021. Lazada continued to focus on investing in technology and logistics to enable merchants to better service consumers. We have seen strong adoption of store operation and business analytics tools by merchants on the Lazada platform, enabling them to achieve scale and GMV growth.</p><p><i>AliExpress</i>– AliExpress is a marketplace for consumers from around the world to buy directly from manufacturers and distributors, mainly from China but also increasingly in consumers’ local markets. AliExpress continued to improve its localization initiatives in the areas of differentiated product offerings and improved local delivery experience, which resulted in robust user and GMV growth in fiscal year 2021.</p><p><b>Cloud Computing</b></p><p>In 2020, Alibaba Group was ranked third globally and first in the Asia Pacific region in the global Infrastructure-as-a-Service market, according to Gartner’s April 2021 report. Alibaba Cloud’s unique advantages are its proprietary technology and Alibaba Group’s continued commitment to invest in research and development in new product offerings and industry-specific solutions for our customers and partners. Highlights of our proprietary technologies in fiscal year 2021 include:</p><ul><li><b>Elastic Computing</b>- In February 2021, Alibaba Cloud launched the 7th generation ECS public cloud server that increases overall computing power by 40%. Built on top of our proprietary X-Dragon architecture, this new generation server offers mission critical security enhancements, which is especially important for customers in the Internet and finance industries that require fail-safe continuous operations and highly secure cloud infrastructure.</li><li><b>Database</b>- Our proprietary technologies have consistently won recognition from leading research and advisory organizations. For example, in December 2020, PolarDB, one of our key database products, won the first prize of the Science and Technology Progress Award of the Chinese Institute of Electronics.</li><li><b>Serverless</b>- In the first quarter of 2021, Forrester recognized Alibaba Function Compute, our suite of serverless products, as a leader in the Function-as-a-Service (FaaS) market given our technological advancements and comprehensive product offerings. Alibaba Cloud is the only cloud vendor in China to be recognized as a FaaS leader.</li></ul><p>In fiscal year 2021, our cloud computing revenue grew 50% year-over-year, to RMB60,120 million (US$9,176 million), primarily driven by growth in revenue from customers in the Internet, public sector and finance industries. In the March 2021 quarter, cloud computing revenue grew 37% year-over-year to RMB16,761 million (US$2,558 million). The slower revenue growth during the quarter was primarily due to revenue decline from a top cloud customer in the Internet industry. This customer, which has a sizeable presence outside of China that used our overseas cloud services in the past, has decided to terminate the relationship with respect to their international business due to non-product related requirements. Excluding this customer, Alibaba Cloud’s top ten non-affiliated customers together accounted for no more than eight percent of Alibaba Cloud’s total revenue in fiscal year 2021. Going forward, we believe that our cloud computing revenue will be further diversified across customers and industries.</p><p><b>Digital Media and Entertainment</b></p><p>During fiscal year 2021, Youku continued to focus on delivering a superior user experience and increasing paying subscribers. Youku’s average daily subscriber base continued to grow at a healthy rate, increasing 35% year-over-year during the fiscal year. The increase in paying subscribers was driven by our offerings of original and exclusive content, our effective targeting of new subscribers and a greater contribution from the 88VIP membership program on our China retail marketplaces. We invested in original and exclusive content while ensuring cost efficiencies and return on investment, which resulted in narrowing annual adjusted EBITA losses year-over-year in fiscal year 2021.</p><p>Despite the challenges imposed by the COVID-19 pandemic on cinemas and live performance industries, Alibaba Pictures significantly narrowed its losses in fiscal year 2021, given successful diversification of its revenue stream beyond film and ticketing business and enhanced operational efficiency of its online ticketing platform (Tao Piao Piao) with lowered sales and marketing expenses. Alibaba Pictures will continue to diversify its businesses to capture revenue opportunities in the entire entertainment value chain, including content development, production, promotion and distribution, as well as IP commercialization. We believe these initiatives will ensure Alibaba Pictures’ long-term growth potential with a diversified revenue stream.</p><p><b>Innovation Initiatives and Others</b></p><p><i>Amap</i><b>–</b>Amap is the largest provider of mobile digital map, navigation and real-time traffic information in China by monthly active users. It leverages big-data enabled digital mapping technology to power major mobile apps across different industries including local services, ride-hailing services and social networking. Amap reached an important milestone of over 100 million average DAUs in the month of April 2021.</p><p><b>Share Repurchases</b></p><p>Pursuant to our share repurchase authorization, for the fiscal year ended March 31, 2021 and through the publication of this results announcement, we repurchased approximately 1.7 million of our ADSs (or approximately 13.6 million of our ordinary shares) for approximately US$371 million under the share repurchase program. As of March 31, 2021, we had approximately 21.7 billion ordinary shares issued and outstanding.</p><p><b>Cash Flow from Operating Activities and Free Cash Flow</b></p><p>In the fiscal year 2021, net cash provided by operating activities was RMB231,786 million (US$35,378 million), an increase of 28% compared to RMB180,607 million in the fiscal year 2020. Free cash flow, a non-GAAP measurement of liquidity, increased by 32% in fiscal year 2021 to RMB172,662 million (US$26,353 million), from RMB130,914 million in fiscal year 2020, mainly due to our profit growth.</p><p>In the quarter ended March 31, 2021, net cash provided by operating activities was RMB24,183 million (US$3,691 million), which includes a net cash inflow of RMB18,796 million (US$2,869 million) in connection with the consumer protection fund deposits received primarily from Tmall merchants, as well as our increased spending for strategic initiatives. Free cash flow, which excluded these deposits and certain other items, was an outflow of RMB658 million (US$100 million) in the quarter ended March 31, 2021, compared to an outflow of RMB4,214 million in the same quarter of 2020. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.</p><p><b>Guidance</b></p><p>The guidance below is a forward-looking statement that reflects assumptions that we believe to be reasonable as of the date of this announcement and involve inherent risks and uncertainties, many of which we are not able to predict or control. Based on our current view of Chinese and global consumption, enterprise digitalization and the competitive landscape, and subject to the uncertainties highlighted under the section entitled “Safe Harbor Statements” below, we expect to generate over RMB930 billion in revenue in fiscal year 2022.</p>","collect":0,"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>Alibaba posts loss due to anti-monopoly fine but beats revenue expectations</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\">\nAlibaba posts loss due to anti-monopoly fine but beats revenue expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-13 19:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(May 13)&nbsp;Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and fiscal year ended March 31, 2021.</p><ul><li>Alibaba&nbsp;Q4 Non-GAAP EPS of RMB10.32&nbsp;misses by RMB2.96; GAAP EPS of -RMB1.99.</li><li>Revenue of RMB187.4B (+63.9% Y/Y)beats by RMB6.73B.</li><li>Annual active consumers on our&nbsp;China&nbsp;retail marketplaces was 811 million for the twelve months ended March 31, 2021, an increase of 32 million from the twelve months ended December 31, 2020.</li><li>Mobile MAUs on our&nbsp;China&nbsp;retail marketplaces reached 925 million in March 2021, an increase of 23 million over December 2020.</li><li>“We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets,”&nbsp;said&nbsp;Maggie Wu, Chief Financial Officer of Alibaba Group.</li></ul><p>Alibaba&nbsp;rose 0.05% in premarket trading.<img src=\"https://static.tigerbbs.com/921d78254d608876b280bdeb0de34008\" tg-width=\"766\" tg-height=\"494\" referrerpolicy=\"no-referrer\"></p><p>“Alibaba achieved a historic milestone of one billion annual active consumers globally in the fiscal year ended March 2021,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Our overall business delivered strong growth on a healthy foundation, with the Alibaba Ecosystem generating a record US$1.2 trillion in GMV during this fiscal year. Such achievements were built on top of clear value propositions that we offer to consumers and merchants. We remain very excited about the growth of China’s consumption economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. We will continue to focus on customer experience and value creation through innovation, as we pursue our mission to make it easy to do business anywhere in the digital era.”</p><p>“We surpassed our annual revenue guidance in fiscal year 2021 by achieving strong organic revenue growth of 32% excluding the consolidation of the newly-acquired Sun Art. This was driven by robust performance of our core commerce businesses as well as continued growth of Alibaba Cloud. Our adjusted EBITDA grew 25% year-over-year while we increased investments in new businesses and key strategic growth areas,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets.”</p><p><b>BUSINESS HIGHLIGHTS</b></p><p><b>In the quarter ended March 31, 2021:</b></p><ul><li><b>Revenue</b>was RMB187,395 million (US$28,602 million), an increase of 64% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 40% year-over-year to RMB159,952 million (US$24,413 million).</li><li><b>Annual active consumers</b>on our China retail marketplaces was 811 million for the twelve months ended March 31, 2021, an increase of 32 million from the twelve months ended December 31, 2020.</li><li><b>Mobile MAUs</b>on our China retail marketplaces reached 925 million in March 2021, an increase of 23 million over December 2020.</li><li><b>Loss from operations</b>was RMB7,663 million (US$1,170 million) due to a RMB18,228 million (US$2,782 million) fine levied by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”). Excluding this one-time impact, our income from operations would have been RMB10,565 million (US$1,612 million), an increase of 48% year-over-year.<b>Adjusted EBITDA</b>, a non-GAAP measurement, increased 18% year-over-year to RMB29,898 million (US$4,563 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, increased 14% year-over-year to RMB22,612 million (US$3,451 million).</li><li><b>Net loss attributable to ordinary shareholders</b>was RMB5,479 million (US$836 million),and<b>net loss</b>was RMB7,654 million (US$1,168 million), primarily due to the above-mentioned Anti-monopoly Fine. Excluding this impact and certain other items,<b>non-GAAP net income</b>was RMB26,216 million (US$4,001 million), an increase of 18% year-over-year.</li><li><b>Diluted loss per ADS</b>was RMB1.99 (US$0.30) and<b>diluted loss per share</b>was RMB0.25 (US$0.04 or HK$0.30), primarily due to the above-mentioned Anti-monopoly Fine. Excluding this impact and certain other items,<b>non-GAAP diluted earnings per ADS</b>was RMB10.32 (US$1.58), an increase of 12% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB1.29 (US$0.20 or HK$1.53), an increase of 12% year-over-year.</li><li><b>Net cash provided by operating activities</b>was RMB24,183 million (US$3,691 million).<b>Non-GAAP free cash flow</b>was an outflow of RMB658 million (US$100 million), compared to an outflow of RMB4,214 million in the same quarter of 2020.</li></ul><p><b>In the fiscal year ended March 31, 2021:</b></p><ul><li><b>Revenue</b>was RMB717,289 million (US$109,480 million), an increase of 41% year-over-year. Excluding the consolidation of Sun Art starting in October 2020, our revenue would have grown 32% year-over-year to RMB674,420 million (US$102,937 million).</li><li><b>Annual active consumers</b>for the Alibaba Ecosystem reached a milestone of over 1 billion, including 891 million consumers across our China retail marketplace, Local Consumer Services and digital media and entertainment platforms, and approximately 240 million consumers outside China. Annual active consumers on our China retail marketplaces was 811 million, an increase of 85 million from the twelve months ended March 31, 2020.</li><li><b>Mobile MAUs</b>on our China retail marketplaces reached 925 million in March 2021, an increase of 79 million over March 2020.</li><li><b>GMV</b>transacted in the Alibaba Ecosystem was RMB8,119 billion (US$1,239 billion) for fiscal year 2021, which mainly included China retail marketplaces GMV of RMB7,494 billion (US$1,144 billion), as well as international retail marketplaces and Local Consumer Services GMV.</li><li><b>Income from operations</b>was RMB89,678 million (US$13,688 million), a decrease of 2% year-over-year, primarily due to the above-mentioned Anti-monopoly Fine as well as a RMB16,054 million increase in share-based compensation expense related to Ant Group share-based awards granted to our employees.<b>Adjusted EBITDA</b>, a non-GAAP measurement, increased 25% year-over-year to RMB196,842 million (US$30,044 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, increased 24% year-over-year to RMB170,453 million (US$26,016 million).</li><li><b>Adjusted EBITA for core commerce</b>was RMB194,512 million (US$29,688 million), an increase of 17% year-over-year. Our<b>marketplace-based core commerce adjusted EBITA</b>, a non-GAAP measurement, increased 17% year-over-year to RMB229,134 million (US$34,973 million). Starting this quarter, for purposes of presenting our marketplace-based core commerce adjusted EBITA, we expanded the list of new initiative businesses that we break out in order to present the progress of our strategic investments as well as the profitability of our marketplace-based core commerce businesses on a like-for-like basis. The new initiative businesses, which now include our New Retail businesses (primarily Freshippo, Tmall Supermarket, Community Marketplaces and Taoxianda), Local Consumer Services, Lazada, Taobao Deals, Cainiao Network, and others, represent strategic areas where we are executing to capture incremental opportunities. Comparative figures are presented in the same manner accordingly.</li><li><b>Net income attributable to ordinary shareholders</b>was RMB150,308 million (US$22,941 million),and<b>net income</b>was RMB143,284 million (US$21,869 million), which reflected the above-mentioned Anti-monopoly Fine and the increase in share-based compensation expense described in “Income from operations” above.Excluding these impacts and certain other items,<b>non-GAAP net income</b>was RMB171,985 million (US$26,250 million), an increase of 30% year-over-year.</li><li><b>Diluted earnings per ADS</b>was RMB54.70 (US$8.35) and<b>diluted earnings per share</b>was RMB6.84 (US$1.04 or HK$8.09), which reflected the above-mentioned Anti-monopoly Fine and the increase in share-based compensation expense described in “Income from operations” above.Excluding these impacts and certain other items,<b>non-GAAP diluted earnings per ADS</b>was RMB65.15 (US$9.94), an increase of 23% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB8.14 (US$1.24 or HK$9.63), an increase of 23% year-over-year.</li><li><b>Net cash provided by operating activities</b>was RMB231,786 million (US$35,378 million) and<b>non-GAAP free cash flow</b>was RMB172,662 million (US$26,353 million), an increase of 32% year-over-year.</li></ul><p>Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.</p><p><b>BUSINESS AND STRATEGIC UPDATES</b></p><p><b>Alibaba Ecosystem</b></p><p>Our China consumer-facing businesses include China retail marketplaces, Local Consumer Services and digital media and entertainment platforms, serving the Chinese consumer sector, which is a RMB41.9 trillion (US$6.4 trillion) market for the twelve months ended March 31, 2021, according to the National Bureau of Statistics. Our China consumer-facing businesses served 891 million annual active consumers during the twelve months ended March 31, 2021. Our international retail marketplaces, which include mainly the AliExpress cross-border retail platform and Lazada in Southeast Asia, served approximately 240 million annual active consumers during the same period. Our China and international consumer segments combined to serve over one billion annual active consumers and generated RMB8,119 billion (US$1,239 billion) in GMV.</p><p>Our digital infrastructure, such as smart logistics and cloud computing, which enables and underpins across our platforms to serve our major commerce, local services and entertainment businesses, gives us unique technology-driven capabilities to meet changing consumer demand and help our enterprise customers and partners achieve digital transformation.</p><p><b>Core Commerce</b></p><p><b>China Retail Marketplaces – comprehensive product supply and engaging user experience drive consumer growth and high consumer retention rate</b></p><p><i>Consumers</i></p><p>In March 2021, our China retail marketplaces had 925 million mobile MAUs, representing annual and quarterly net increases of 79 million and 23 million, respectively. There were 811 million annual active consumers on our China retail marketplaces for the twelve months ended March 31, 2021, representing annual and quarterly net increases of 85 million and 32 million, respectively. In fiscal year 2021, approximately 70% of new annual active consumers were from less developed areas.</p><p>In fiscal year 2021, the strong GMV and user growth on our China retail marketplaces reflected our strategic focus on less developed cities and towns and broadening offerings of products and services to meet diverse consumption demand. Overall online physical goods GMV, excluding unpaid orders, grew 21% year-over-year in fiscal year 2021, driven primarily by the fast-moving-consumer-goods (FMCG) and home furnishing categories, and 33% year-over-year in the March quarter, driven primarily by the apparel and home furnishing categories. For the March quarter, Tmall online physical goods GMV, excluding unpaid orders, grew 26% year-over-year and Taobao online physical goods GMV, excluding unpaid orders, grew even faster as SME merchants recovered from the pandemic.</p><p>Our app platforms appeal to a growing and increasingly diverse consumer base at various income levels as well as present different purchase use cases for the same consumer. Taobao Deals (特价版) offers value-for-money products for the price-conscious consumer and achieved rapid growth in fiscal year 2021. Annual active consumers of Taobao Deals reached over 150 million for the twelve months ended March 31, 2021. Taobao Deals continues to be an offering that attracts incremental users especially in less developed areas, and we have seen robust retention rate given its clear value-for-money proposition and its expanding product selections in different categories.</p><p>We also saw increasing engagement of the existing consumer base on our China retail app platforms. The longer a consumer has shopped on our platforms, the more they spend through more orders across more product categories. In fiscal year 2021, average annual spending per consumer on our China retail marketplaces reached over RMB9,200 (US$1,404). Consumers on our China retail marketplaces exhibit high retention across all spending levels.</p><p><i>Product Supply</i></p><p>A key to the success of our business is broadening product supply, including increasing the range of branded and imported products, going upstream to directly source agricultural products and expanding the breadth of selection of value-for-money and long-tail products. Consumption upgrading also helped to drive our business, as more consumers are purchasing from flagship stores of high-end brands and international retailers on our platforms. More than 200 luxury brands and retailers, such as Cartier, Farfetch, Gucci, IWC and Van Cleef &amp; Arpels, operated their flagship stores on our China retail marketplaces, as of March 31, 2021.</p><p><i>Engagement</i></p><p>The Taobao app is the largest social commerce platform in China, offering rich, highly relevant and curated content and features that enable merchants to engage with consumers through live-streaming, short-form videos, interactive games and microblogs. Among these interactive features, livestreaming is one of the fastest growing with significant scale. Taobao Live GMV reached over RMB500 billion (US$76.3 billion) in fiscal year 2021.</p><p><b>New Retail – multi-format New Retail businesses built on an expanding digital supply chain and increasingly diversified fulfilment services</b></p><p>Our New Retail strategy is to develop a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Over the years, we have helped many retailers digitally transform their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging our consumer insights and technology. These New Retail businesses are supported and strengthened by our ecosystem with an expanding supply chain and increasingly diversified fulfilment services.</p><p>Our New Retail commerce infrastructure now offers a full range of high-frequency fulfilment services that include on-demand delivery, same-or-next day delivery and next day pick-up services for a full range of consumable and physical products. We will continue to expand all of these fulfilment services across China to reach and serve even more consumers in both large cities and less developed areas as well as drive higher purchase frequency through more effective cross-selling on our China retail marketplaces.</p><p><i>Community Marketplaces</i>– As part of our latest exploration in New Retail, we started the Community Marketplaces business in select regions in China. Our Community Marketplaces business is supported by our next-day pickup fulfilment services and the supply capabilities of Freshippo, Sun Art and other partners. Given the initial success and long-term growth potential, we established a new business group in early 2021 to consolidate the resources and capabilities of the Alibaba Ecosystem in order to accelerate the growth of our Community Marketplaces business. Our Community Marketplaces are rapidly expanding their logistics and fulfilment infrastructure and aim to achieve broad coverage across mainland China within the next twelve months.</p><p><i>Freshippo</i>– Our self-operated retail chain Freshippo (known as “Hema” in Chinese) continued to execute a multi-format and multi-banner expansion strategy. In fiscal year 2021, Freshippo achieved healthy same-store sales growth, enriched and optimized its product selection and introduced new initiatives to improve customer experience. As of March 31, 2021, we had 257 self-operated Freshippo stores (compared to 202 stores as of March 31, 2020), primarily located in tier-one and tier-two cities throughout China.</p><p><i>Taoxianda</i>– Taoxianda, our online-offline retail integration service solution for FMCG brands and third-party grocery retail partners, puts us at the forefront of transforming the retail industry by digitalizing all aspects of store-based operations. Taoxianda drove Sun Art’s digitalization of its hypermarkets and, along with our other businesses, facilitated the growth of Sun Art’s online revenue. For the twelve months ended March 31, 2021, online revenue represented 24% of Sun Art’s sales of goods, increasing from 17% for the twelve months ended March 31, 2020. As of March 31, 2021, in addition to Sun Art, Taoxianda helped 42 retail chains to open online stores with services available across 145 cities in China and enabled over 168 retail chains, supermarkets and marketplaces to digitalize their marketing program.</p><p><b>Local Consumer Services – Investing for new user acquisition and enhanced consumer experience</b></p><p>In fiscal year 2021, Ele.me continued to improve its merchant supply and operating efficiency, as reflected in the increasing number of merchants, higher portion of GMV from national and regional chains and improved unit economics year-over-year. Building on this progress, starting from the March quarter 2021, Ele.me stepped up its investment in user acquisition as well as user experience enhancement. For example, during the Chinese New Year period Ele.me increased its rider subsidy to address the usual shortage of riders. As a result, Ele.me’s average daily number of paying members continued to grow strongly at approximately 40% year-over-year during the March quarter.</p><p><b>Cainiao Network – improving efficiency across the Alibaba Ecosystem and the logistics industry in China and internationally</b></p><p>Cainiao Network continues to expand both its domestic services and global smart logistics infrastructure by deepening integration with logistics partners as well as offering more products and services. In fiscal year 2021, after elimination of inter-company transactions, Cainiao Network achieved solid revenue growth of 68% year-over-year, to RMB37,258 million (US$5,687 million), representing 5% of our total revenue. Cainiao Network also reached an important milestone of generating positive operating cash flow during fiscal year 2021.</p><p>A key driver of Cainiao Network’s strong financial performance is its global smart logistics infrastructure, which took years of investment to build. This global logistics infrastructure now enjoys increasing adoption of “Fulfilled by Cainiao” services by merchants from our fast growing cross-border businesses, including AliExpress and Tmall Global. Daily package volume on Cainiao Network’s global parcel network for the month ended March 31, 2021 exceeded 5 million.</p><p>In China, Cainiao Network expanded the coverage of Cainiao Post (neighborhood and campus stations and residential self-pick up stations), as well as improved the customer experience of Cainiao Guoguo (crowdsourced parcel pick-up and delivery service). In March 2021, Cainiao Post’s average daily package volume nearly tripled year-over-year.</p><p><b>International – consistent strong growth of Lazada and AliExpress</b></p><p>Our international commerce retail business, mainly including Lazada and AliExpress, grew rapidly to achieve approximately 240 million annual active consumers in the twelve months ended March 31, 2021.</p><p><i>Lazada</i>– Lazada recorded triple-digit year-over-year order growth during the fiscal year and quarter ended March 31, 2021. Lazada continued to focus on investing in technology and logistics to enable merchants to better service consumers. We have seen strong adoption of store operation and business analytics tools by merchants on the Lazada platform, enabling them to achieve scale and GMV growth.</p><p><i>AliExpress</i>– AliExpress is a marketplace for consumers from around the world to buy directly from manufacturers and distributors, mainly from China but also increasingly in consumers’ local markets. AliExpress continued to improve its localization initiatives in the areas of differentiated product offerings and improved local delivery experience, which resulted in robust user and GMV growth in fiscal year 2021.</p><p><b>Cloud Computing</b></p><p>In 2020, Alibaba Group was ranked third globally and first in the Asia Pacific region in the global Infrastructure-as-a-Service market, according to Gartner’s April 2021 report. Alibaba Cloud’s unique advantages are its proprietary technology and Alibaba Group’s continued commitment to invest in research and development in new product offerings and industry-specific solutions for our customers and partners. Highlights of our proprietary technologies in fiscal year 2021 include:</p><ul><li><b>Elastic Computing</b>- In February 2021, Alibaba Cloud launched the 7th generation ECS public cloud server that increases overall computing power by 40%. Built on top of our proprietary X-Dragon architecture, this new generation server offers mission critical security enhancements, which is especially important for customers in the Internet and finance industries that require fail-safe continuous operations and highly secure cloud infrastructure.</li><li><b>Database</b>- Our proprietary technologies have consistently won recognition from leading research and advisory organizations. For example, in December 2020, PolarDB, one of our key database products, won the first prize of the Science and Technology Progress Award of the Chinese Institute of Electronics.</li><li><b>Serverless</b>- In the first quarter of 2021, Forrester recognized Alibaba Function Compute, our suite of serverless products, as a leader in the Function-as-a-Service (FaaS) market given our technological advancements and comprehensive product offerings. Alibaba Cloud is the only cloud vendor in China to be recognized as a FaaS leader.</li></ul><p>In fiscal year 2021, our cloud computing revenue grew 50% year-over-year, to RMB60,120 million (US$9,176 million), primarily driven by growth in revenue from customers in the Internet, public sector and finance industries. In the March 2021 quarter, cloud computing revenue grew 37% year-over-year to RMB16,761 million (US$2,558 million). The slower revenue growth during the quarter was primarily due to revenue decline from a top cloud customer in the Internet industry. This customer, which has a sizeable presence outside of China that used our overseas cloud services in the past, has decided to terminate the relationship with respect to their international business due to non-product related requirements. Excluding this customer, Alibaba Cloud’s top ten non-affiliated customers together accounted for no more than eight percent of Alibaba Cloud’s total revenue in fiscal year 2021. Going forward, we believe that our cloud computing revenue will be further diversified across customers and industries.</p><p><b>Digital Media and Entertainment</b></p><p>During fiscal year 2021, Youku continued to focus on delivering a superior user experience and increasing paying subscribers. Youku’s average daily subscriber base continued to grow at a healthy rate, increasing 35% year-over-year during the fiscal year. The increase in paying subscribers was driven by our offerings of original and exclusive content, our effective targeting of new subscribers and a greater contribution from the 88VIP membership program on our China retail marketplaces. We invested in original and exclusive content while ensuring cost efficiencies and return on investment, which resulted in narrowing annual adjusted EBITA losses year-over-year in fiscal year 2021.</p><p>Despite the challenges imposed by the COVID-19 pandemic on cinemas and live performance industries, Alibaba Pictures significantly narrowed its losses in fiscal year 2021, given successful diversification of its revenue stream beyond film and ticketing business and enhanced operational efficiency of its online ticketing platform (Tao Piao Piao) with lowered sales and marketing expenses. Alibaba Pictures will continue to diversify its businesses to capture revenue opportunities in the entire entertainment value chain, including content development, production, promotion and distribution, as well as IP commercialization. We believe these initiatives will ensure Alibaba Pictures’ long-term growth potential with a diversified revenue stream.</p><p><b>Innovation Initiatives and Others</b></p><p><i>Amap</i><b>–</b>Amap is the largest provider of mobile digital map, navigation and real-time traffic information in China by monthly active users. It leverages big-data enabled digital mapping technology to power major mobile apps across different industries including local services, ride-hailing services and social networking. Amap reached an important milestone of over 100 million average DAUs in the month of April 2021.</p><p><b>Share Repurchases</b></p><p>Pursuant to our share repurchase authorization, for the fiscal year ended March 31, 2021 and through the publication of this results announcement, we repurchased approximately 1.7 million of our ADSs (or approximately 13.6 million of our ordinary shares) for approximately US$371 million under the share repurchase program. As of March 31, 2021, we had approximately 21.7 billion ordinary shares issued and outstanding.</p><p><b>Cash Flow from Operating Activities and Free Cash Flow</b></p><p>In the fiscal year 2021, net cash provided by operating activities was RMB231,786 million (US$35,378 million), an increase of 28% compared to RMB180,607 million in the fiscal year 2020. Free cash flow, a non-GAAP measurement of liquidity, increased by 32% in fiscal year 2021 to RMB172,662 million (US$26,353 million), from RMB130,914 million in fiscal year 2020, mainly due to our profit growth.</p><p>In the quarter ended March 31, 2021, net cash provided by operating activities was RMB24,183 million (US$3,691 million), which includes a net cash inflow of RMB18,796 million (US$2,869 million) in connection with the consumer protection fund deposits received primarily from Tmall merchants, as well as our increased spending for strategic initiatives. Free cash flow, which excluded these deposits and certain other items, was an outflow of RMB658 million (US$100 million) in the quarter ended March 31, 2021, compared to an outflow of RMB4,214 million in the same quarter of 2020. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.</p><p><b>Guidance</b></p><p>The guidance below is a forward-looking statement that reflects assumptions that we believe to be reasonable as of the date of this announcement and involve inherent risks and uncertainties, many of which we are not able to predict or control. Based on our current view of Chinese and global consumption, enterprise digitalization and the competitive landscape, and subject to the uncertainties highlighted under the section entitled “Safe Harbor Statements” below, we expect to generate over RMB930 billion in revenue in fiscal year 2022.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179179054","content_text":"(May 13) Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and fiscal year ended March 31, 2021.Alibaba Q4 Non-GAAP EPS of RMB10.32 misses by RMB2.96; GAAP EPS of -RMB1.99.Revenue of RMB187.4B (+63.9% Y/Y)beats by RMB6.73B.Annual active consumers on our China retail marketplaces was 811 million for the twelve months ended March 31, 2021, an increase of 32 million from the twelve months ended December 31, 2020.Mobile MAUs on our China retail marketplaces reached 925 million in March 2021, an increase of 23 million over December 2020.“We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group.Alibaba rose 0.05% in premarket trading.“Alibaba achieved a historic milestone of one billion annual active consumers globally in the fiscal year ended March 2021,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Our overall business delivered strong growth on a healthy foundation, with the Alibaba Ecosystem generating a record US$1.2 trillion in GMV during this fiscal year. Such achievements were built on top of clear value propositions that we offer to consumers and merchants. We remain very excited about the growth of China’s consumption economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. We will continue to focus on customer experience and value creation through innovation, as we pursue our mission to make it easy to do business anywhere in the digital era.”“We surpassed our annual revenue guidance in fiscal year 2021 by achieving strong organic revenue growth of 32% excluding the consolidation of the newly-acquired Sun Art. This was driven by robust performance of our core commerce businesses as well as continued growth of Alibaba Cloud. Our adjusted EBITDA grew 25% year-over-year while we increased investments in new businesses and key strategic growth areas,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets.”BUSINESS HIGHLIGHTSIn the quarter ended March 31, 2021:Revenuewas RMB187,395 million (US$28,602 million), an increase of 64% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 40% year-over-year to RMB159,952 million (US$24,413 million).Annual active consumerson our China retail marketplaces was 811 million for the twelve months ended March 31, 2021, an increase of 32 million from the twelve months ended December 31, 2020.Mobile MAUson our China retail marketplaces reached 925 million in March 2021, an increase of 23 million over December 2020.Loss from operationswas RMB7,663 million (US$1,170 million) due to a RMB18,228 million (US$2,782 million) fine levied by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”). Excluding this one-time impact, our income from operations would have been RMB10,565 million (US$1,612 million), an increase of 48% year-over-year.Adjusted EBITDA, a non-GAAP measurement, increased 18% year-over-year to RMB29,898 million (US$4,563 million).Adjusted EBITA, a non-GAAP measurement, increased 14% year-over-year to RMB22,612 million (US$3,451 million).Net loss attributable to ordinary shareholderswas RMB5,479 million (US$836 million),andnet losswas RMB7,654 million (US$1,168 million), primarily due to the above-mentioned Anti-monopoly Fine. Excluding this impact and certain other items,non-GAAP net incomewas RMB26,216 million (US$4,001 million), an increase of 18% year-over-year.Diluted loss per ADSwas RMB1.99 (US$0.30) anddiluted loss per sharewas RMB0.25 (US$0.04 or HK$0.30), primarily due to the above-mentioned Anti-monopoly Fine. Excluding this impact and certain other items,non-GAAP diluted earnings per ADSwas RMB10.32 (US$1.58), an increase of 12% year-over-year andnon-GAAP diluted earnings per sharewas RMB1.29 (US$0.20 or HK$1.53), an increase of 12% year-over-year.Net cash provided by operating activitieswas RMB24,183 million (US$3,691 million).Non-GAAP free cash flowwas an outflow of RMB658 million (US$100 million), compared to an outflow of RMB4,214 million in the same quarter of 2020.In the fiscal year ended March 31, 2021:Revenuewas RMB717,289 million (US$109,480 million), an increase of 41% year-over-year. Excluding the consolidation of Sun Art starting in October 2020, our revenue would have grown 32% year-over-year to RMB674,420 million (US$102,937 million).Annual active consumersfor the Alibaba Ecosystem reached a milestone of over 1 billion, including 891 million consumers across our China retail marketplace, Local Consumer Services and digital media and entertainment platforms, and approximately 240 million consumers outside China. Annual active consumers on our China retail marketplaces was 811 million, an increase of 85 million from the twelve months ended March 31, 2020.Mobile MAUson our China retail marketplaces reached 925 million in March 2021, an increase of 79 million over March 2020.GMVtransacted in the Alibaba Ecosystem was RMB8,119 billion (US$1,239 billion) for fiscal year 2021, which mainly included China retail marketplaces GMV of RMB7,494 billion (US$1,144 billion), as well as international retail marketplaces and Local Consumer Services GMV.Income from operationswas RMB89,678 million (US$13,688 million), a decrease of 2% year-over-year, primarily due to the above-mentioned Anti-monopoly Fine as well as a RMB16,054 million increase in share-based compensation expense related to Ant Group share-based awards granted to our employees.Adjusted EBITDA, a non-GAAP measurement, increased 25% year-over-year to RMB196,842 million (US$30,044 million).Adjusted EBITA, a non-GAAP measurement, increased 24% year-over-year to RMB170,453 million (US$26,016 million).Adjusted EBITA for core commercewas RMB194,512 million (US$29,688 million), an increase of 17% year-over-year. Ourmarketplace-based core commerce adjusted EBITA, a non-GAAP measurement, increased 17% year-over-year to RMB229,134 million (US$34,973 million). Starting this quarter, for purposes of presenting our marketplace-based core commerce adjusted EBITA, we expanded the list of new initiative businesses that we break out in order to present the progress of our strategic investments as well as the profitability of our marketplace-based core commerce businesses on a like-for-like basis. The new initiative businesses, which now include our New Retail businesses (primarily Freshippo, Tmall Supermarket, Community Marketplaces and Taoxianda), Local Consumer Services, Lazada, Taobao Deals, Cainiao Network, and others, represent strategic areas where we are executing to capture incremental opportunities. Comparative figures are presented in the same manner accordingly.Net income attributable to ordinary shareholderswas RMB150,308 million (US$22,941 million),andnet incomewas RMB143,284 million (US$21,869 million), which reflected the above-mentioned Anti-monopoly Fine and the increase in share-based compensation expense described in “Income from operations” above.Excluding these impacts and certain other items,non-GAAP net incomewas RMB171,985 million (US$26,250 million), an increase of 30% year-over-year.Diluted earnings per ADSwas RMB54.70 (US$8.35) anddiluted earnings per sharewas RMB6.84 (US$1.04 or HK$8.09), which reflected the above-mentioned Anti-monopoly Fine and the increase in share-based compensation expense described in “Income from operations” above.Excluding these impacts and certain other items,non-GAAP diluted earnings per ADSwas RMB65.15 (US$9.94), an increase of 23% year-over-year andnon-GAAP diluted earnings per sharewas RMB8.14 (US$1.24 or HK$9.63), an increase of 23% year-over-year.Net cash provided by operating activitieswas RMB231,786 million (US$35,378 million) andnon-GAAP free cash flowwas RMB172,662 million (US$26,353 million), an increase of 32% year-over-year.Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.BUSINESS AND STRATEGIC UPDATESAlibaba EcosystemOur China consumer-facing businesses include China retail marketplaces, Local Consumer Services and digital media and entertainment platforms, serving the Chinese consumer sector, which is a RMB41.9 trillion (US$6.4 trillion) market for the twelve months ended March 31, 2021, according to the National Bureau of Statistics. Our China consumer-facing businesses served 891 million annual active consumers during the twelve months ended March 31, 2021. Our international retail marketplaces, which include mainly the AliExpress cross-border retail platform and Lazada in Southeast Asia, served approximately 240 million annual active consumers during the same period. Our China and international consumer segments combined to serve over one billion annual active consumers and generated RMB8,119 billion (US$1,239 billion) in GMV.Our digital infrastructure, such as smart logistics and cloud computing, which enables and underpins across our platforms to serve our major commerce, local services and entertainment businesses, gives us unique technology-driven capabilities to meet changing consumer demand and help our enterprise customers and partners achieve digital transformation.Core CommerceChina Retail Marketplaces – comprehensive product supply and engaging user experience drive consumer growth and high consumer retention rateConsumersIn March 2021, our China retail marketplaces had 925 million mobile MAUs, representing annual and quarterly net increases of 79 million and 23 million, respectively. There were 811 million annual active consumers on our China retail marketplaces for the twelve months ended March 31, 2021, representing annual and quarterly net increases of 85 million and 32 million, respectively. In fiscal year 2021, approximately 70% of new annual active consumers were from less developed areas.In fiscal year 2021, the strong GMV and user growth on our China retail marketplaces reflected our strategic focus on less developed cities and towns and broadening offerings of products and services to meet diverse consumption demand. Overall online physical goods GMV, excluding unpaid orders, grew 21% year-over-year in fiscal year 2021, driven primarily by the fast-moving-consumer-goods (FMCG) and home furnishing categories, and 33% year-over-year in the March quarter, driven primarily by the apparel and home furnishing categories. For the March quarter, Tmall online physical goods GMV, excluding unpaid orders, grew 26% year-over-year and Taobao online physical goods GMV, excluding unpaid orders, grew even faster as SME merchants recovered from the pandemic.Our app platforms appeal to a growing and increasingly diverse consumer base at various income levels as well as present different purchase use cases for the same consumer. Taobao Deals (特价版) offers value-for-money products for the price-conscious consumer and achieved rapid growth in fiscal year 2021. Annual active consumers of Taobao Deals reached over 150 million for the twelve months ended March 31, 2021. Taobao Deals continues to be an offering that attracts incremental users especially in less developed areas, and we have seen robust retention rate given its clear value-for-money proposition and its expanding product selections in different categories.We also saw increasing engagement of the existing consumer base on our China retail app platforms. The longer a consumer has shopped on our platforms, the more they spend through more orders across more product categories. In fiscal year 2021, average annual spending per consumer on our China retail marketplaces reached over RMB9,200 (US$1,404). Consumers on our China retail marketplaces exhibit high retention across all spending levels.Product SupplyA key to the success of our business is broadening product supply, including increasing the range of branded and imported products, going upstream to directly source agricultural products and expanding the breadth of selection of value-for-money and long-tail products. Consumption upgrading also helped to drive our business, as more consumers are purchasing from flagship stores of high-end brands and international retailers on our platforms. More than 200 luxury brands and retailers, such as Cartier, Farfetch, Gucci, IWC and Van Cleef & Arpels, operated their flagship stores on our China retail marketplaces, as of March 31, 2021.EngagementThe Taobao app is the largest social commerce platform in China, offering rich, highly relevant and curated content and features that enable merchants to engage with consumers through live-streaming, short-form videos, interactive games and microblogs. Among these interactive features, livestreaming is one of the fastest growing with significant scale. Taobao Live GMV reached over RMB500 billion (US$76.3 billion) in fiscal year 2021.New Retail – multi-format New Retail businesses built on an expanding digital supply chain and increasingly diversified fulfilment servicesOur New Retail strategy is to develop a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Over the years, we have helped many retailers digitally transform their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging our consumer insights and technology. These New Retail businesses are supported and strengthened by our ecosystem with an expanding supply chain and increasingly diversified fulfilment services.Our New Retail commerce infrastructure now offers a full range of high-frequency fulfilment services that include on-demand delivery, same-or-next day delivery and next day pick-up services for a full range of consumable and physical products. We will continue to expand all of these fulfilment services across China to reach and serve even more consumers in both large cities and less developed areas as well as drive higher purchase frequency through more effective cross-selling on our China retail marketplaces.Community Marketplaces– As part of our latest exploration in New Retail, we started the Community Marketplaces business in select regions in China. Our Community Marketplaces business is supported by our next-day pickup fulfilment services and the supply capabilities of Freshippo, Sun Art and other partners. Given the initial success and long-term growth potential, we established a new business group in early 2021 to consolidate the resources and capabilities of the Alibaba Ecosystem in order to accelerate the growth of our Community Marketplaces business. Our Community Marketplaces are rapidly expanding their logistics and fulfilment infrastructure and aim to achieve broad coverage across mainland China within the next twelve months.Freshippo– Our self-operated retail chain Freshippo (known as “Hema” in Chinese) continued to execute a multi-format and multi-banner expansion strategy. In fiscal year 2021, Freshippo achieved healthy same-store sales growth, enriched and optimized its product selection and introduced new initiatives to improve customer experience. As of March 31, 2021, we had 257 self-operated Freshippo stores (compared to 202 stores as of March 31, 2020), primarily located in tier-one and tier-two cities throughout China.Taoxianda– Taoxianda, our online-offline retail integration service solution for FMCG brands and third-party grocery retail partners, puts us at the forefront of transforming the retail industry by digitalizing all aspects of store-based operations. Taoxianda drove Sun Art’s digitalization of its hypermarkets and, along with our other businesses, facilitated the growth of Sun Art’s online revenue. For the twelve months ended March 31, 2021, online revenue represented 24% of Sun Art’s sales of goods, increasing from 17% for the twelve months ended March 31, 2020. As of March 31, 2021, in addition to Sun Art, Taoxianda helped 42 retail chains to open online stores with services available across 145 cities in China and enabled over 168 retail chains, supermarkets and marketplaces to digitalize their marketing program.Local Consumer Services – Investing for new user acquisition and enhanced consumer experienceIn fiscal year 2021, Ele.me continued to improve its merchant supply and operating efficiency, as reflected in the increasing number of merchants, higher portion of GMV from national and regional chains and improved unit economics year-over-year. Building on this progress, starting from the March quarter 2021, Ele.me stepped up its investment in user acquisition as well as user experience enhancement. For example, during the Chinese New Year period Ele.me increased its rider subsidy to address the usual shortage of riders. As a result, Ele.me’s average daily number of paying members continued to grow strongly at approximately 40% year-over-year during the March quarter.Cainiao Network – improving efficiency across the Alibaba Ecosystem and the logistics industry in China and internationallyCainiao Network continues to expand both its domestic services and global smart logistics infrastructure by deepening integration with logistics partners as well as offering more products and services. In fiscal year 2021, after elimination of inter-company transactions, Cainiao Network achieved solid revenue growth of 68% year-over-year, to RMB37,258 million (US$5,687 million), representing 5% of our total revenue. Cainiao Network also reached an important milestone of generating positive operating cash flow during fiscal year 2021.A key driver of Cainiao Network’s strong financial performance is its global smart logistics infrastructure, which took years of investment to build. This global logistics infrastructure now enjoys increasing adoption of “Fulfilled by Cainiao” services by merchants from our fast growing cross-border businesses, including AliExpress and Tmall Global. Daily package volume on Cainiao Network’s global parcel network for the month ended March 31, 2021 exceeded 5 million.In China, Cainiao Network expanded the coverage of Cainiao Post (neighborhood and campus stations and residential self-pick up stations), as well as improved the customer experience of Cainiao Guoguo (crowdsourced parcel pick-up and delivery service). In March 2021, Cainiao Post’s average daily package volume nearly tripled year-over-year.International – consistent strong growth of Lazada and AliExpressOur international commerce retail business, mainly including Lazada and AliExpress, grew rapidly to achieve approximately 240 million annual active consumers in the twelve months ended March 31, 2021.Lazada– Lazada recorded triple-digit year-over-year order growth during the fiscal year and quarter ended March 31, 2021. Lazada continued to focus on investing in technology and logistics to enable merchants to better service consumers. We have seen strong adoption of store operation and business analytics tools by merchants on the Lazada platform, enabling them to achieve scale and GMV growth.AliExpress– AliExpress is a marketplace for consumers from around the world to buy directly from manufacturers and distributors, mainly from China but also increasingly in consumers’ local markets. AliExpress continued to improve its localization initiatives in the areas of differentiated product offerings and improved local delivery experience, which resulted in robust user and GMV growth in fiscal year 2021.Cloud ComputingIn 2020, Alibaba Group was ranked third globally and first in the Asia Pacific region in the global Infrastructure-as-a-Service market, according to Gartner’s April 2021 report. Alibaba Cloud’s unique advantages are its proprietary technology and Alibaba Group’s continued commitment to invest in research and development in new product offerings and industry-specific solutions for our customers and partners. Highlights of our proprietary technologies in fiscal year 2021 include:Elastic Computing- In February 2021, Alibaba Cloud launched the 7th generation ECS public cloud server that increases overall computing power by 40%. Built on top of our proprietary X-Dragon architecture, this new generation server offers mission critical security enhancements, which is especially important for customers in the Internet and finance industries that require fail-safe continuous operations and highly secure cloud infrastructure.Database- Our proprietary technologies have consistently won recognition from leading research and advisory organizations. For example, in December 2020, PolarDB, one of our key database products, won the first prize of the Science and Technology Progress Award of the Chinese Institute of Electronics.Serverless- In the first quarter of 2021, Forrester recognized Alibaba Function Compute, our suite of serverless products, as a leader in the Function-as-a-Service (FaaS) market given our technological advancements and comprehensive product offerings. Alibaba Cloud is the only cloud vendor in China to be recognized as a FaaS leader.In fiscal year 2021, our cloud computing revenue grew 50% year-over-year, to RMB60,120 million (US$9,176 million), primarily driven by growth in revenue from customers in the Internet, public sector and finance industries. In the March 2021 quarter, cloud computing revenue grew 37% year-over-year to RMB16,761 million (US$2,558 million). The slower revenue growth during the quarter was primarily due to revenue decline from a top cloud customer in the Internet industry. This customer, which has a sizeable presence outside of China that used our overseas cloud services in the past, has decided to terminate the relationship with respect to their international business due to non-product related requirements. Excluding this customer, Alibaba Cloud’s top ten non-affiliated customers together accounted for no more than eight percent of Alibaba Cloud’s total revenue in fiscal year 2021. Going forward, we believe that our cloud computing revenue will be further diversified across customers and industries.Digital Media and EntertainmentDuring fiscal year 2021, Youku continued to focus on delivering a superior user experience and increasing paying subscribers. Youku’s average daily subscriber base continued to grow at a healthy rate, increasing 35% year-over-year during the fiscal year. The increase in paying subscribers was driven by our offerings of original and exclusive content, our effective targeting of new subscribers and a greater contribution from the 88VIP membership program on our China retail marketplaces. We invested in original and exclusive content while ensuring cost efficiencies and return on investment, which resulted in narrowing annual adjusted EBITA losses year-over-year in fiscal year 2021.Despite the challenges imposed by the COVID-19 pandemic on cinemas and live performance industries, Alibaba Pictures significantly narrowed its losses in fiscal year 2021, given successful diversification of its revenue stream beyond film and ticketing business and enhanced operational efficiency of its online ticketing platform (Tao Piao Piao) with lowered sales and marketing expenses. Alibaba Pictures will continue to diversify its businesses to capture revenue opportunities in the entire entertainment value chain, including content development, production, promotion and distribution, as well as IP commercialization. We believe these initiatives will ensure Alibaba Pictures’ long-term growth potential with a diversified revenue stream.Innovation Initiatives and OthersAmap–Amap is the largest provider of mobile digital map, navigation and real-time traffic information in China by monthly active users. It leverages big-data enabled digital mapping technology to power major mobile apps across different industries including local services, ride-hailing services and social networking. Amap reached an important milestone of over 100 million average DAUs in the month of April 2021.Share RepurchasesPursuant to our share repurchase authorization, for the fiscal year ended March 31, 2021 and through the publication of this results announcement, we repurchased approximately 1.7 million of our ADSs (or approximately 13.6 million of our ordinary shares) for approximately US$371 million under the share repurchase program. As of March 31, 2021, we had approximately 21.7 billion ordinary shares issued and outstanding.Cash Flow from Operating Activities and Free Cash FlowIn the fiscal year 2021, net cash provided by operating activities was RMB231,786 million (US$35,378 million), an increase of 28% compared to RMB180,607 million in the fiscal year 2020. Free cash flow, a non-GAAP measurement of liquidity, increased by 32% in fiscal year 2021 to RMB172,662 million (US$26,353 million), from RMB130,914 million in fiscal year 2020, mainly due to our profit growth.In the quarter ended March 31, 2021, net cash provided by operating activities was RMB24,183 million (US$3,691 million), which includes a net cash inflow of RMB18,796 million (US$2,869 million) in connection with the consumer protection fund deposits received primarily from Tmall merchants, as well as our increased spending for strategic initiatives. Free cash flow, which excluded these deposits and certain other items, was an outflow of RMB658 million (US$100 million) in the quarter ended March 31, 2021, compared to an outflow of RMB4,214 million in the same quarter of 2020. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.GuidanceThe guidance below is a forward-looking statement that reflects assumptions that we believe to be reasonable as of the date of this announcement and involve inherent risks and uncertainties, many of which we are not able to predict or control. Based on our current view of Chinese and global consumption, enterprise digitalization and the competitive landscape, and subject to the uncertainties highlighted under the section entitled “Safe Harbor Statements” below, we expect to generate over RMB930 billion in revenue in fiscal year 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104246354,"gmtCreate":1620395653378,"gmtModify":1704343085394,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Laggard...&nbsp;","listText":"Laggard...&nbsp;","text":"Laggard...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104246354","repostId":"1119027537","repostType":2,"repost":{"id":"1119027537","pubTimestamp":1620113950,"share":"https://www.laohu8.com/m/news/1119027537?lang=&edition=full","pubTime":"2021-05-04 15:39","market":"us","language":"en","title":"Where Will Alibaba Stock Be In 5 Years?","url":"https://stock-news.laohu8.com/highlight/detail?id=1119027537","media":"seekingalpha","summary":"Alibaba Group's financial statements are beautiful to look at.The market doesn't give Alibaba credit for its growth and earning power due to fears over corporate governance and politics. These fears are reasonable but likely overblown.If you take its growth at face value, Alibaba stock should more than double in the next 5 years.I generally trust Alibaba's accounting, but the corporate governance issue is thorny. The research I've done over the years has indicated to me that GDP growth has littl","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba Group's financial statements are beautiful to look at.</li>\n <li>The market doesn't give Alibaba credit for its growth and earning power due to fears over corporate governance and politics. These fears are reasonable but likely overblown.</li>\n <li>If you take its growth at face value, Alibaba stock should more than double in the next 5 years.</li>\n <li>An ETF option for investors looking to play Chinese internet stocks.</li>\n</ul>\n<p><b>Is Alibaba Stock A Buy Or Sell?</b></p>\n<p><img src=\"https://static.tigerbbs.com/f077216824ec4b1eb4a4dfcb3a1b5a42\" tg-width=\"768\" tg-height=\"512\">Alibaba Group(NYSE:BABA)has all the makings of a great story stock. The company has a charismatic billionaire founder, business operations focused on China's rapidly growing internet economy, and strong and growing cash flow. Yet amidst this, Alibaba has fallen from its peak of over $300 per share to under $240 per share as of my writing this. When you look at Alibaba's financial statements, the valuation immediately seems low compared to its explosive growth of revenue, earnings, and cash flow. Something has to give with the valuation, which in my mind offers up a couple of hypotheses regarding Alibaba.</p>\n<p><b>Hypothesis 1:Alibaba stock is extremely undervalued.</b>If you take Alibaba'sincome statementat face value, the growth in earnings is simply incredible. Then if you look at Alibaba'searnings estimatesfor the next couple of years, you see a stock that trades for around 21x current fiscal years' earnings and has earnings growth estimates of close to 20 percent annually. All else being equal, this implies a total return of nearly 25 percent annually for BABA shareholders. The market typically doesn't offer up softball pitches like this, especially in the current bull market, which forces us to consider hypothesis 2.</p>\n<p><b>Hypothesis 2: Alibaba's accounting and/or corporate governance cannot be trusted and the stock is not undervalued.</b>Chinese stocks in general have a poor reputation for accounting quality. A simple look at CCP statistics like GDP numbers or coronavirus case statistics tells you that their numbers are often implausible. This doesn't necessarily mean that Alibaba's books are problematic per se, but it does help explain the discount to Alibaba's apparent fair value. A two-sided discussion on Alibaba's accounting can be found inJulian Lin's recent Alibaba articleand in the comment section for said article.</p>\n<p>I generally trust Alibaba's accounting, but the corporate governance issue is thorny. The research I've done over the years has indicated to me that GDP growth has little to no correlation with stock market returns for any given country. Thestrongest correlation I could findwas the correlation between rule of law, property rights, and corporate governance on one hand and stock market returns on the other. For this reason, I do not recommend any investors to put money in emerging market ETFs as they consistently fail to hold up to my qualitative and quantitative tests. There are often great value plays to be found abroad, but buying indices tend to offer poor risk/reward. International high dividend yield funds like Vanguard's (VYMI) are another nice shortcut to find companies with good corporate governance. Cash payments are hard to fake, after all!</p>\n<p>This is historically an issue when investing in Asian markets, as stock market returns have badly lagged GDP growth. Japanese companies are a good example of this issue, historically they paid little to no dividends and hoarded cash on their balance sheet. The companies often were run to benefit their employees and management rather than to benefit shareholders. This, combined with a very high starting valuation explained 30 years of sideways returns for the Nikkei. Things are changing in Japan, however, and Warren Buffett has made several large investments there. China has had similar growing pains with corporate governance but is getting better over time. Chinese companies arepaying out more of their earnings in dividends, which is an encouraging sign. I still wouldn't broadly invest in Chinese stocks, but there is value to be had if you're willing to dig. Chinese internet stocks are seeing rapid growth and strong profitability, which is a different tune than many commodity-driven emerging markets.</p>\n<p>If Alibaba traded for 40x earnings I could easily point to the risks and say to toss the stock. What makes Alibaba so interesting is that it trades for a lower valuation than the average S&amp;P 500 stock, but has Amazon-like revenue and earnings upside. BABA stock has thus been successful since being listed on US exchanges.</p>\n<p><img src=\"https://static.tigerbbs.com/760b578df32c2882c749f17696fa561d\" tg-width=\"635\" tg-height=\"435\">Data byYCharts</p>\n<p>With this in mind, let's look at Alibaba's fundamentals and put a forecast on the stock.</p>\n<p><b>Alibaba Stock Forecast</b></p>\n<p>Alibaba is a very complex business. Unlike Amazon, which is basically one brand, Alibaba has a spiderweb of subsidiaries (a good starting point to get a handle on their subsidiaries is theirlatest earnings presentation). Having this level of complexity in a business makes it hard to analyze, but there is some good stuff in there. Cloud computing with 50 percent year over year revenue growth immediately stands out to me as something that could move the needle on Alibaba's overall results. I'll be completely honest, Alibaba's business is more complex than I have the ability to fully analyze. The issues with the Ant Group IPO and various antitrust issues with the CCP are also out of my core area of expertise.</p>\n<p>What I can do in the absence of any special expertise is to build a simple model using analyst consensus earnings estimates to put a price target on the stock. This gives us a yardstick that we can use. I can't necessarily quantify the political risk to Alibaba, but what I can quantify is the compensation that the share price is giving you for all known and unknown risks to the business. This, for Alibaba and any stock, is the earnings yield. If I have a stock I own like Altria (MO) that trades for about 10x earnings, then I know if I hold the stock for a year, the business is going to earn me 1/10th of my investment back. In Altria's case, most of this will be paid as a dividend, which is great. This earnings yield is the engine that drives successful investing in value stocks, which over the long run tend to outperform the market. In the case of a company like Tesla, you're paying over 150x earnings for the business, so you will need everything to go right at the business over the next 10 years to see a good return. Over the next year, anything can happen to the share price, but over a 5-10 year period, business fundamentals drive a greater and greater percentage of stock returns. This gets us to Alibaba.</p>\n<p>Alibaba trades for a little less than 21x earnings. This means if you hold Alibaba for 1 year you earn about 4.8 percent of your investment in earnings. If Alibaba paid a dividend, they could write you a check for this. Alibaba does not pay a dividend however but reinvests the money for more growth. This leads us to the second part of the model, which adjusts for earnings growth. One way to put a price target on the stock is to take the earnings estimates for 5 years out (if they exist), and then use the current price to earnings multiple on the stock. Only a few analysts have earnings estimates for Alibaba for 5 years out, but the average earnings estimate for the fiscal year ending in March 2026 is $24.48 per share. Put a 21x multiple on this and you get a price target of $514 per share. In this case, you'd make 2.2x your money in Alibaba stock. Alibaba has a history of beating analyst estimates quite handily as well, so it's possible that these estimates are too low and you'd see Alibaba earning $30+ per share, which could triple your money.</p>\n<p>The question that you need to ask yourself is whether Alibaba's valuation is low enough to compensate for the main risks we see in the stock, which are antitrust issues, corporate governance, accounting, etc. At first glance, I think that there is enough compensation here for Alibaba shareholders. Since I personally lack expertise in China though, I bought the dip in the KraneShares CSI China Internet ETF (KWEB). The standard deviation on KWEB is about a third lower than it is on BABA stock, and I think the upside is similar. It's not a big holding for me, but the dip in Chinese internet stocks intrigues me, so I bought in. If you recall, I'm not a fan of emerging market stocks as part of an asset allocation plan, instead, this trade comes from my opinion on Chinese internet stocks being undervalued compared to the analyst consensus of what their earnings can be over the next 3-5 years.</p>","source":"seekingalpha","collect":0,"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>Where Will Alibaba Stock Be In 5 Years?</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\">\nWhere Will Alibaba Stock Be In 5 Years?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 15:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4423834-alibaba-stock-in-5-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba Group's financial statements are beautiful to look at.\nThe market doesn't give Alibaba credit for its growth and earning power due to fears over corporate governance and politics. ...</p>\n\n<a href=\"https://seekingalpha.com/article/4423834-alibaba-stock-in-5-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"https://seekingalpha.com/article/4423834-alibaba-stock-in-5-years","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1119027537","content_text":"Summary\n\nAlibaba Group's financial statements are beautiful to look at.\nThe market doesn't give Alibaba credit for its growth and earning power due to fears over corporate governance and politics. These fears are reasonable but likely overblown.\nIf you take its growth at face value, Alibaba stock should more than double in the next 5 years.\nAn ETF option for investors looking to play Chinese internet stocks.\n\nIs Alibaba Stock A Buy Or Sell?\nAlibaba Group(NYSE:BABA)has all the makings of a great story stock. The company has a charismatic billionaire founder, business operations focused on China's rapidly growing internet economy, and strong and growing cash flow. Yet amidst this, Alibaba has fallen from its peak of over $300 per share to under $240 per share as of my writing this. When you look at Alibaba's financial statements, the valuation immediately seems low compared to its explosive growth of revenue, earnings, and cash flow. Something has to give with the valuation, which in my mind offers up a couple of hypotheses regarding Alibaba.\nHypothesis 1:Alibaba stock is extremely undervalued.If you take Alibaba'sincome statementat face value, the growth in earnings is simply incredible. Then if you look at Alibaba'searnings estimatesfor the next couple of years, you see a stock that trades for around 21x current fiscal years' earnings and has earnings growth estimates of close to 20 percent annually. All else being equal, this implies a total return of nearly 25 percent annually for BABA shareholders. The market typically doesn't offer up softball pitches like this, especially in the current bull market, which forces us to consider hypothesis 2.\nHypothesis 2: Alibaba's accounting and/or corporate governance cannot be trusted and the stock is not undervalued.Chinese stocks in general have a poor reputation for accounting quality. A simple look at CCP statistics like GDP numbers or coronavirus case statistics tells you that their numbers are often implausible. This doesn't necessarily mean that Alibaba's books are problematic per se, but it does help explain the discount to Alibaba's apparent fair value. A two-sided discussion on Alibaba's accounting can be found inJulian Lin's recent Alibaba articleand in the comment section for said article.\nI generally trust Alibaba's accounting, but the corporate governance issue is thorny. The research I've done over the years has indicated to me that GDP growth has little to no correlation with stock market returns for any given country. Thestrongest correlation I could findwas the correlation between rule of law, property rights, and corporate governance on one hand and stock market returns on the other. For this reason, I do not recommend any investors to put money in emerging market ETFs as they consistently fail to hold up to my qualitative and quantitative tests. There are often great value plays to be found abroad, but buying indices tend to offer poor risk/reward. International high dividend yield funds like Vanguard's (VYMI) are another nice shortcut to find companies with good corporate governance. Cash payments are hard to fake, after all!\nThis is historically an issue when investing in Asian markets, as stock market returns have badly lagged GDP growth. Japanese companies are a good example of this issue, historically they paid little to no dividends and hoarded cash on their balance sheet. The companies often were run to benefit their employees and management rather than to benefit shareholders. This, combined with a very high starting valuation explained 30 years of sideways returns for the Nikkei. Things are changing in Japan, however, and Warren Buffett has made several large investments there. China has had similar growing pains with corporate governance but is getting better over time. Chinese companies arepaying out more of their earnings in dividends, which is an encouraging sign. I still wouldn't broadly invest in Chinese stocks, but there is value to be had if you're willing to dig. Chinese internet stocks are seeing rapid growth and strong profitability, which is a different tune than many commodity-driven emerging markets.\nIf Alibaba traded for 40x earnings I could easily point to the risks and say to toss the stock. What makes Alibaba so interesting is that it trades for a lower valuation than the average S&P 500 stock, but has Amazon-like revenue and earnings upside. BABA stock has thus been successful since being listed on US exchanges.\nData byYCharts\nWith this in mind, let's look at Alibaba's fundamentals and put a forecast on the stock.\nAlibaba Stock Forecast\nAlibaba is a very complex business. Unlike Amazon, which is basically one brand, Alibaba has a spiderweb of subsidiaries (a good starting point to get a handle on their subsidiaries is theirlatest earnings presentation). Having this level of complexity in a business makes it hard to analyze, but there is some good stuff in there. Cloud computing with 50 percent year over year revenue growth immediately stands out to me as something that could move the needle on Alibaba's overall results. I'll be completely honest, Alibaba's business is more complex than I have the ability to fully analyze. The issues with the Ant Group IPO and various antitrust issues with the CCP are also out of my core area of expertise.\nWhat I can do in the absence of any special expertise is to build a simple model using analyst consensus earnings estimates to put a price target on the stock. This gives us a yardstick that we can use. I can't necessarily quantify the political risk to Alibaba, but what I can quantify is the compensation that the share price is giving you for all known and unknown risks to the business. This, for Alibaba and any stock, is the earnings yield. If I have a stock I own like Altria (MO) that trades for about 10x earnings, then I know if I hold the stock for a year, the business is going to earn me 1/10th of my investment back. In Altria's case, most of this will be paid as a dividend, which is great. This earnings yield is the engine that drives successful investing in value stocks, which over the long run tend to outperform the market. In the case of a company like Tesla, you're paying over 150x earnings for the business, so you will need everything to go right at the business over the next 10 years to see a good return. Over the next year, anything can happen to the share price, but over a 5-10 year period, business fundamentals drive a greater and greater percentage of stock returns. This gets us to Alibaba.\nAlibaba trades for a little less than 21x earnings. This means if you hold Alibaba for 1 year you earn about 4.8 percent of your investment in earnings. If Alibaba paid a dividend, they could write you a check for this. Alibaba does not pay a dividend however but reinvests the money for more growth. This leads us to the second part of the model, which adjusts for earnings growth. One way to put a price target on the stock is to take the earnings estimates for 5 years out (if they exist), and then use the current price to earnings multiple on the stock. Only a few analysts have earnings estimates for Alibaba for 5 years out, but the average earnings estimate for the fiscal year ending in March 2026 is $24.48 per share. Put a 21x multiple on this and you get a price target of $514 per share. In this case, you'd make 2.2x your money in Alibaba stock. Alibaba has a history of beating analyst estimates quite handily as well, so it's possible that these estimates are too low and you'd see Alibaba earning $30+ per share, which could triple your money.\nThe question that you need to ask yourself is whether Alibaba's valuation is low enough to compensate for the main risks we see in the stock, which are antitrust issues, corporate governance, accounting, etc. At first glance, I think that there is enough compensation here for Alibaba shareholders. Since I personally lack expertise in China though, I bought the dip in the KraneShares CSI China Internet ETF (KWEB). The standard deviation on KWEB is about a third lower than it is on BABA stock, and I think the upside is similar. It's not a big holding for me, but the dip in Chinese internet stocks intrigues me, so I bought in. If you recall, I'm not a fan of emerging market stocks as part of an asset allocation plan, instead, this trade comes from my opinion on Chinese internet stocks being undervalued compared to the analyst consensus of what their earnings can be over the next 3-5 years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104623633,"gmtCreate":1620386806822,"gmtModify":1704342918811,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01398\">$Industrial and Commercial Bank of China(01398)$</a>sharing my test app","listText":"<a href=\"https://laohu8.com/S/01398\">$Industrial and Commercial Bank of China(01398)$</a>sharing my test app","text":"$Industrial and Commercial Bank of 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post","images":[{"img":"https://static.tigerbbs.com/cb17ff803bf7199b63adcf2249140022","width":"1080","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104612856","isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":105450386,"gmtCreate":1620319939945,"gmtModify":1704341972632,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105450386","repostId":"2131258876","repostType":2,"repost":{"id":"2131258876","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619687063,"share":"https://www.laohu8.com/m/news/2131258876?lang=&edition=full","pubTime":"2021-04-29 17:04","market":"sh","language":"en","title":"BRIEF-ICBC Says Q1 Net Profit 85.73 Bln Yuan","url":"https://stock-news.laohu8.com/highlight/detail?id=2131258876","media":"Reuters","summary":"April 29 (Reuters) - INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED     :   * SAYS Q1 NET PROFIT 85","content":"<html><body><p>April 29 (Reuters) - INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED     :</p><p>   * SAYS Q1 NET PROFIT 85.73 BILLION YUAN  ($13.26 billion)</p><p>   * SAYS NPL RATIO WAS 1.58% AT END-MARCH</p><p>   * SAYS CORE TIER 1 CAPITAL ADEQUACY RATIO 13.29% AT END-MARCH</p><p>Source text in English:  Further company coverage:   </p><p>($1 = 6.4670 Chinese yuan renminbi)</p><p> (Reporting by Hong Kong newsroom)</p><p>((meg.shen@thomsonreuters.com; 852-39525805;))</p></body></html>","collect":0,"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>BRIEF-ICBC Says Q1 Net Profit 85.73 Bln Yuan</title>\n<style 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}\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\">\nBRIEF-ICBC Says Q1 Net Profit 85.73 Bln Yuan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-29 17:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>April 29 (Reuters) - INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED     :</p><p>   * SAYS Q1 NET PROFIT 85.73 BILLION YUAN  ($13.26 billion)</p><p>   * SAYS NPL RATIO WAS 1.58% AT END-MARCH</p><p>   * SAYS CORE TIER 1 CAPITAL ADEQUACY RATIO 13.29% AT END-MARCH</p><p>Source text in English:  Further company coverage:   </p><p>($1 = 6.4670 Chinese yuan renminbi)</p><p> (Reporting by Hong Kong newsroom)</p><p>((meg.shen@thomsonreuters.com; 852-39525805;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01398":"工商银行","03143":"华夏香港银行股"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2131258876","content_text":"April 29 (Reuters) - INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED     :   * SAYS Q1 NET PROFIT 85.73 BILLION YUAN  ($13.26 billion)   * SAYS NPL RATIO WAS 1.58% AT END-MARCH   * SAYS CORE TIER 1 CAPITAL ADEQUACY RATIO 13.29% AT END-MARCHSource text in English:  Further company coverage:   ($1 = 6.4670 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)((meg.shen@thomsonreuters.com; 852-39525805;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105367368,"gmtCreate":1620271280654,"gmtModify":1704341132754,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105367368","repostId":"2133528417","repostType":4,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102208397,"gmtCreate":1620213963519,"gmtModify":1704340251387,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>why???","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>why???","text":"$Alibaba(09988)$why???","images":[{"img":"https://static.tigerbbs.com/d035bde6932a7239fc694207caec2af8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102208397","isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102630101,"gmtCreate":1620203574003,"gmtModify":1704340137311,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Crash and burn","listText":"Crash and burn","text":"Crash and 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bleeding","images":[{"img":"https://static.tigerbbs.com/86c891ce98e24021134c00c71abb30a0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/108873924","isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559449934292635","authorId":"3559449934292635","name":"Kimmeng","avatar":"https://community-static.tradeup.com/news/9675cb448a41ae27145b308404a3a372","crmLevel":4,"crmLevelSwitch":1},"content":"What happen to ICBC?","text":"What happen to ICBC?","html":"What happen to ICBC?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":180267559,"gmtCreate":1623207042671,"gmtModify":1704198363614,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a 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years"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376962168,"gmtCreate":1619081100554,"gmtModify":1704719337283,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment me back","listText":"Comment me back","text":"Comment me back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/376962168","repostId":"1139323495","repostType":4,"repost":{"id":"1139323495","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619080630,"share":"https://www.laohu8.com/m/news/1139323495?lang=&edition=full","pubTime":"2021-04-22 16:37","market":"us","language":"en","title":"Coinbase fell 2% in pre-market","url":"https://stock-news.laohu8.com/highlight/detail?id=1139323495","media":"Tiger Newspress","summary":"Coinbase fell 2% in pre-market，CAN fell 5% in pre-market.","content":"<p>Coinbase fell 2%&nbsp;in&nbsp;pre-market，CAN&nbsp;fell&nbsp;5%&nbsp;in&nbsp;pre-market.</p>\n<p><img src=\"https://static.tigerbbs.com/a245b71687488605f955ec15303a9c6e\" tg-width=\"1292\" tg-height=\"611\"><img src=\"https://static.tigerbbs.com/bf893863a65371e5d47290aed551c857\" tg-width=\"1283\" tg-height=\"632\"></p>","collect":0,"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>Coinbase fell 2% in pre-market</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\">\nCoinbase fell 2% in pre-market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-22 16:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Coinbase fell 2%&nbsp;in&nbsp;pre-market，CAN&nbsp;fell&nbsp;5%&nbsp;in&nbsp;pre-market.</p>\n<p><img src=\"https://static.tigerbbs.com/a245b71687488605f955ec15303a9c6e\" tg-width=\"1292\" tg-height=\"611\"><img src=\"https://static.tigerbbs.com/bf893863a65371e5d47290aed551c857\" tg-width=\"1283\" tg-height=\"632\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","CAN":"嘉楠科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139323495","content_text":"Coinbase fell 2% in pre-market，CAN fell 5% in pre-market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111929672,"gmtCreate":1622649719796,"gmtModify":1704188152630,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>zheng me ban","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>zheng me ban","text":"$Alibaba(09988)$zheng me ban","images":[{"img":"https://static.tigerbbs.com/b625827f8f27c0c31e92828bfe08a066","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/111929672","isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376960188,"gmtCreate":1619080674944,"gmtModify":1704719329509,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376960188","repostId":"1147263213","repostType":4,"repost":{"id":"1147263213","pubTimestamp":1619075516,"share":"https://www.laohu8.com/m/news/1147263213?lang=&edition=full","pubTime":"2021-04-22 15:11","market":"us","language":"en","title":"Intel Reports Earnings Thursday. Here’s What to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1147263213","media":"Barrons","summary":"Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.Intel didn’t issue precise new financial guidance for the first quarter, but said it exp","content":"<p>Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.</p>\n<p>Investors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.</p>\n<p>As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.</p>\n<p>Intel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.</p>\n<p>Susquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.</p>\n<p>Analysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.</p>\n<p>Despite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.</p>\n<p>Still, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.</p>\n<p>Intel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told&nbsp;<i>Barron’s</i> that he expects the chip shortage to last two years.</p>\n<p>Of the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.</p>\n<p>Intel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.</p>\n<p>Rolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.</p>","source":"lsy1601382232898","collect":0,"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>Intel Reports Earnings Thursday. Here’s What to Know.</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\">\nIntel Reports Earnings Thursday. Here’s What to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.\nInvestors already ...</p>\n\n<a href=\"https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147263213","content_text":"Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.\nInvestors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.\nAs part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.\nIntel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.\nSusquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.\nAnalysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.\nDespite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.\nStill, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.\nIntel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told Barron’s that he expects the chip shortage to last two years.\nOf the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.\nIntel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.\nRolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141082237,"gmtCreate":1625824708329,"gmtModify":1703749309410,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Weeee","listText":"Weeee","text":"Weeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141082237","repostId":"2150980376","repostType":4,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188692745,"gmtCreate":1623430891088,"gmtModify":1704203660288,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ignore","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ignore","text":"$Walt Disney(DIS)$ignore","images":[{"img":"https://static.tigerbbs.com/8b4a2fb1bcfc627de7319349ac9a96b6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188692745","isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112358936,"gmtCreate":1622852767225,"gmtModify":1704192359660,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Er hu anyone&nbsp;&nbsp;<a href=\"https://laohu8.com/S/MIU.HK\">$MIU 210729 26.00 PUT(MIU.HK)$</a>","listText":"Er hu anyone&nbsp;&nbsp;<a href=\"https://laohu8.com/S/MIU.HK\">$MIU 210729 26.00 PUT(MIU.HK)$</a>","text":"Er hu anyone $MIU 210729 26.00 PUT(MIU.HK)$","images":[{"img":"https://static.tigerbbs.com/8ebd58668c22609b13db7709f0d266d6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/112358936","isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":109324440,"gmtCreate":1619666627980,"gmtModify":1704727690013,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01398\">$Industrial and Commercial Bank of China(01398)$</a>slow and steady","listText":"<a href=\"https://laohu8.com/S/01398\">$Industrial and Commercial Bank of China(01398)$</a>slow and steady","text":"$Industrial and Commercial Bank of China(01398)$slow and steady","images":[{"img":"https://static.tigerbbs.com/87534590e101185e577142fb219cb0d5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/109324440","isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574294050722560","authorId":"3574294050722560","name":"不死不灭的韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"content":"just bought at 5.10, let it grow.","text":"just bought at 5.10, let it grow.","html":"just bought at 5.10, let it grow."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112353594,"gmtCreate":1622852701318,"gmtModify":1704192357355,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great article","listText":"Great article","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112353594","repostId":"112001889","repostType":1,"repost":{"id":112001889,"gmtCreate":1622821921841,"gmtModify":1704191992729,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【特斯拉將成爲本週標普500指數中最差的成分股之一】","htmlText":"【特斯拉將成爲本週標普500指數中最差的成分股之一】美股研究社訊，<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>特斯拉(TSLA.O)是本週標普500指數中表現最差的股票之一，在今天反彈之前累跌了8.3%。如果反彈持續下去，股價收盤時仍將累跌5%。本週的下跌是由於對中國銷量的擔憂加劇。週四，The Information報道稱，國產特斯拉的銷量下滑了近50%。此外，競爭對手在電動汽車方面也在不斷取得進展。週四福特汽車(F.N)稱5月份電動汽車銷量增長了184%。此外，有報道稱，監管機構稱，CEO馬斯克兩次違反了法院的政策，該政策要求他發佈推文前必須經過公司律師批准。","listText":"【特斯拉將成爲本週標普500指數中最差的成分股之一】美股研究社訊，<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>特斯拉(TSLA.O)是本週標普500指數中表現最差的股票之一，在今天反彈之前累跌了8.3%。如果反彈持續下去，股價收盤時仍將累跌5%。本週的下跌是由於對中國銷量的擔憂加劇。週四，The Information報道稱，國產特斯拉的銷量下滑了近50%。此外，競爭對手在電動汽車方面也在不斷取得進展。週四福特汽車(F.N)稱5月份電動汽車銷量增長了184%。此外，有報道稱，監管機構稱，CEO馬斯克兩次違反了法院的政策，該政策要求他發佈推文前必須經過公司律師批准。","text":"【特斯拉將成爲本週標普500指數中最差的成分股之一】美股研究社訊，$特斯拉(TSLA)$特斯拉(TSLA.O)是本週標普500指數中表現最差的股票之一，在今天反彈之前累跌了8.3%。如果反彈持續下去，股價收盤時仍將累跌5%。本週的下跌是由於對中國銷量的擔憂加劇。週四，The Information報道稱，國產特斯拉的銷量下滑了近50%。此外，競爭對手在電動汽車方面也在不斷取得進展。週四福特汽車(F.N)稱5月份電動汽車銷量增長了184%。此外，有報道稱，監管機構稱，CEO馬斯克兩次違反了法院的政策，該政策要求他發佈推文前必須經過公司律師批准。","images":[{"img":"https://static.tigerbbs.com/8634ac1230e83c83414695ffd8c2096b","width":"828","height":"492"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112001889","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104623633,"gmtCreate":1620386806822,"gmtModify":1704342918811,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01398\">$Industrial and Commercial Bank of China(01398)$</a>sharing my test app","listText":"<a href=\"https://laohu8.com/S/01398\">$Industrial and Commercial Bank of China(01398)$</a>sharing my test app","text":"$Industrial and Commercial Bank of China(01398)$sharing my test app","images":[{"img":"https://static.tigerbbs.com/c9c8d158ee3bdee31c80564c0c863b37","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104623633","isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":104612856,"gmtCreate":1620384139975,"gmtModify":1704342880741,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Amd testing post","listText":"Amd testing post","text":"Amd testing post","images":[{"img":"https://static.tigerbbs.com/cb17ff803bf7199b63adcf2249140022","width":"1080","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104612856","isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":105367368,"gmtCreate":1620271280654,"gmtModify":1704341132754,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105367368","repostId":"2133528417","repostType":4,"repost":{"id":"2133528417","pubTimestamp":1620217811,"share":"https://www.laohu8.com/m/news/2133528417?lang=&edition=full","pubTime":"2021-05-05 20:30","market":"us","language":"en","title":"5 Top Defensive Stocks to Ride Out Market Volatility in May","url":"https://stock-news.laohu8.com/highlight/detail?id=2133528417","media":"Zacks","summary":"Major U.S. stock bourses have been near record levels for quite some time now, banking on an improvi","content":"<p>Major U.S. stock bourses have been near record levels for quite some time now, banking on an improving economic scenario. While demand for new orders drove manufacturing activity recently, relaxation of coronavirus-induced stringent restrictions and reopening of businesses helped the U.S. service sector recover.</p><p>Consumers are equally confident about their financial conditions, with jobs being added at a steady clip and the jobless rate declining to 6% in March, per the Labor Department, citing a Bloomberg article. In comparison, unemployment rate touched 14.7% last April when the coronavirus onslaught ravaged U.S. economic activity. Nonetheless, consumers are now quite willing to spend, something that bodes well for economic growth. After all, sales at U.S. retailers jumped 9.8% in March on fiscal stimulus measures, as mentioned in a WallStreet Journal article.</p><p>However, renewed strength in the U.S. economy raised concerns about a rise in inflation. In fact, manufacturing companies particularly witnessed a sharp increase in input cost and the higher cost will certainly be passed on to customers. What’s more, the Biden administration’s massive federal sending plan coupled with a pick-up in the pace of vaccination may bolster economic growth vis-à-vis higher inflation. And the rise in inflation will lead to a tighter monetary policy, which doesn’t bode well for the stock market. After all, an easy monetary policy encouraged borrowing and spending during the crisis, helping the economy stay afloat.</p><p>To make matters worse, US Treasury secretary Janet Yellen on May 4 said that the Fed may need to hike key interest rates overtime to keep the economy from overheating. Thus, market pundits now believe that the Fed may raise interest rates ahead of its current schedule if inflation is strong enough. The Fed had earlier said that it will stick to ultra-low-interest rate through 2023. Nevertheless, concerns about a tighter monetary policy dragged down especially growth-oriented tech stocks yesterday. Several large-cap tech behemoths such as Apple, Microsoft, and Amazon along with the tech-laden Nasdaq tumbled on May 4.</p><p>However, amid such uncertainties, investors should consider safer defensive stocks. This is because these stocks are non-cyclical in nature, and their performance is not directly related to activities in the broader market. Irrespective of market gyrations, their products are in constant demand. Such companies are actually part of the utility and consumer staples sector. Needless to say, the need for electricity, gas, and water will always stay. Similarly, demand for food, beverage and tobacco, to name a few, remains unaltered despite market volatility.</p><p>We have, thus, highlighted five stocks from the aforementioned areas that currently boast a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see <b>the complete list of today’s Zacks #1 Rank stocks here.</b></p><p><b><a href=\"https://laohu8.com/S/CMSC\">CMS Energy Corporation</a></b> CMS operates as an energy company, primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises and EnerBank. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 1.8% over the past 60 days. The company’s expected earnings growth rate for the current year is 8.6%.</p><p><b><a href=\"https://laohu8.com/S/MYRG\">MYR Group</a>, Inc.</b> MYRG is a holding company of leading specialty contractors serving the electrical infrastructure market throughout the United States. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 3.4% over the past 60 days.&nbsp; The company’s expected earnings growth rate for the current year is 4.6%.</p><p><b>Archer Daniels Midland Company </b>ADM is <a href=\"https://laohu8.com/S/AONE\">one</a> of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 9.1% over the past 60 days. The company’s expected earnings growth rate for the current year is 17.3%.</p><p><b>Pilgrims Pride Corporation</b> PPC produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 5.1% over the past 60 days. The company’s expected earnings growth rate for the current year is nearly 102%.</p><p><b>J &amp; J Snack Foods Corp.</b> JJSF is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 16.6% over the past 60 days. The company’s expected earnings growth rate for the current year is 115.3%.</p><h3>Infrastructure Stock Boom to Sweep America</h3><p>A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.</p><p>The only question is “Will you get into the right stocks early when their growth potential is greatest?”</p>","source":"yahoofinance","collect":0,"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>5 Top Defensive Stocks to Ride Out Market Volatility in May</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\">\n5 Top Defensive Stocks to Ride Out Market Volatility in May\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/5-top-defensive-stocks-ride-114111896.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Major U.S. stock bourses have been near record levels for quite some time now, banking on an improving economic scenario. While demand for new orders drove manufacturing activity recently, relaxation ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-top-defensive-stocks-ride-114111896.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMS":"CMS能源","MYRG":"MYR Group","ADM":"阿彻丹尼尔斯米德兰公司"},"source_url":"https://finance.yahoo.com/news/5-top-defensive-stocks-ride-114111896.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2133528417","content_text":"Major U.S. stock bourses have been near record levels for quite some time now, banking on an improving economic scenario. While demand for new orders drove manufacturing activity recently, relaxation of coronavirus-induced stringent restrictions and reopening of businesses helped the U.S. service sector recover.Consumers are equally confident about their financial conditions, with jobs being added at a steady clip and the jobless rate declining to 6% in March, per the Labor Department, citing a Bloomberg article. In comparison, unemployment rate touched 14.7% last April when the coronavirus onslaught ravaged U.S. economic activity. Nonetheless, consumers are now quite willing to spend, something that bodes well for economic growth. After all, sales at U.S. retailers jumped 9.8% in March on fiscal stimulus measures, as mentioned in a WallStreet Journal article.However, renewed strength in the U.S. economy raised concerns about a rise in inflation. In fact, manufacturing companies particularly witnessed a sharp increase in input cost and the higher cost will certainly be passed on to customers. What’s more, the Biden administration’s massive federal sending plan coupled with a pick-up in the pace of vaccination may bolster economic growth vis-à-vis higher inflation. And the rise in inflation will lead to a tighter monetary policy, which doesn’t bode well for the stock market. After all, an easy monetary policy encouraged borrowing and spending during the crisis, helping the economy stay afloat.To make matters worse, US Treasury secretary Janet Yellen on May 4 said that the Fed may need to hike key interest rates overtime to keep the economy from overheating. Thus, market pundits now believe that the Fed may raise interest rates ahead of its current schedule if inflation is strong enough. The Fed had earlier said that it will stick to ultra-low-interest rate through 2023. Nevertheless, concerns about a tighter monetary policy dragged down especially growth-oriented tech stocks yesterday. Several large-cap tech behemoths such as Apple, Microsoft, and Amazon along with the tech-laden Nasdaq tumbled on May 4.However, amid such uncertainties, investors should consider safer defensive stocks. This is because these stocks are non-cyclical in nature, and their performance is not directly related to activities in the broader market. Irrespective of market gyrations, their products are in constant demand. Such companies are actually part of the utility and consumer staples sector. Needless to say, the need for electricity, gas, and water will always stay. Similarly, demand for food, beverage and tobacco, to name a few, remains unaltered despite market volatility.We have, thus, highlighted five stocks from the aforementioned areas that currently boast a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.CMS Energy Corporation CMS operates as an energy company, primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises and EnerBank. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 1.8% over the past 60 days. The company’s expected earnings growth rate for the current year is 8.6%.MYR Group, Inc. MYRG is a holding company of leading specialty contractors serving the electrical infrastructure market throughout the United States. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 3.4% over the past 60 days.  The company’s expected earnings growth rate for the current year is 4.6%.Archer Daniels Midland Company ADM is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 9.1% over the past 60 days. The company’s expected earnings growth rate for the current year is 17.3%.Pilgrims Pride Corporation PPC produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 5.1% over the past 60 days. The company’s expected earnings growth rate for the current year is nearly 102%.J & J Snack Foods Corp. JJSF is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 16.6% over the past 60 days. The company’s expected earnings growth rate for the current year is 115.3%.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106639132,"gmtCreate":1620108669026,"gmtModify":1704338784560,"author":{"id":"3581559107324253","authorId":"3581559107324253","name":"Gum","avatar":"https://static.tigerbbs.com/f5ad5798fb7be6bdb09cc7313a239948","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Is this a good stock?","listText":"Is this a good stock?","text":"Is this a good 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