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

Like
Comment
1

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

Dow Jones12-19

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

(END) Dow Jones Newswires

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2492183121?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-19 12:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492183121","market":"fut","top_or_hot":-1,"title":"Overseas Expansion to Remain Key Growth Driver for China Internet Stocks -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international transaction volume, which reached one-third of its domestic transactions this year. Xiaomi is set to sustain the recovery in its overseas sales growth, driven by its product launch cycle, Choi adds. In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 23:53 ET (04:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Overseas Expansion to Remain Key Growth Driver for China Internet Stocks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOverseas Expansion to Remain Key Growth Driver for China Internet Stocks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 12:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492183121","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492183121","pubTimestamp":1734583980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international transaction volume, which reached one-third of its domestic transactions this year. Xiaomi is set to sustain the recovery in its overseas sales growth, driven by its product launch cycle, Choi adds. In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80700":"腾讯控股-R","BK4548":"巴美列捷福持仓","K3RD.SI":"TRIP ADR US$+","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU0261950983.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" ACC","MPNGY":"美团ADR","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","SG9999002620.SGD":"LionGlobal South East Asia SGD","00700":"腾讯控股","PDD":"拼多多","SG9999007991.SGD":"Schroder Asian Income A Dis SGD","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","BK1531":"手游股","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1439103000.SGD":"Fidelity Greater China Multi Asset Growth & Income A-MINCOME(G)-SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","TCEHY":"腾讯控股ADR","BK4509":"腾讯概念","LU0049853897.USD":"SCHRODER ISF EMERGING MARKETS \"A\" (USD) INC AV","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","TCOM":"携程网","BK4535":"淡马锡持仓","IE0008368411.USD":"FSSA ASIAN GROWTH \"I\" (USD) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","HTCD.SI":"Tencent HK SDR 10to1","LU2251237488.HKD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" (HKD) INC A","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","SE":"Sea Ltd","LU0823426308.USD":"法巴中国股票基金","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","BK4122":"互联网与直销零售","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK1521":"挪威政府全球养老基金持仓","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0594300419.USD":"富达中国消费基金A","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","03690":"美团-W","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC"},"translate_title":"海外扩张仍将是中国互联网股的主要增长动力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80700":0.6,"03690":0.9,"TCOM":0.9,"TCEHY":0.9,"SE":0.9,"PDD":0.9,"K3RD.SI":0.9,"00700":0.9,"MPNGY":0.6,"HTCD.SI":0.6},"content_text":"0453 GMT - Overseas expansion will likely remain a key growth driver for China's internet sector, Daiwa analyst John Choi writes in a note. He thinks investors have overlooked Didi's international transaction volume, which reached one-third of its domestic transactions this year. Xiaomi is set to sustain the recovery in its overseas sales growth, driven by its product launch cycle, Choi adds. In addition, the upsized stimulus to boost domestic consumption will be the market's focus next year, he says. Beike, JD.com and Xiaomi will be direct beneficiaries of any expanded stimulus for the consumer and property sectors next year, Choi says. Daiwa's preferred picks in the internet sector are Trip.com, Tencent, Meituan, PDD and Sea. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2024 23:53 ET (04:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}