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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarclays analyst discusses overweight ratings for JD.com and BaiduJiong Shao of Barclays says some Chinese internet companies are doing "totally fine" despite weakness in the country's economy.
Persons: Shao Organizations: Barclays, JD.com, Baidu
Barclays analyst explains why he sees limited upside for Meituan
  + stars: | 2024-03-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarclays analyst explains why he sees limited upside for MeituanJiong Shao, analyst at Barclays, says "there's a lot of noise" around the Chinese food delivery group's net profit number.
Persons: Jiong Shao Organizations: Barclays
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba should increase the pace of its share buyback program, Barclays analyst saysJiong Shao, China tech analyst at Barclays, says Alibaba investors are "looking for more," and discusses two ideas he has for the company, one of which he says is "easier" and the other "very difficult."
Persons: Jiong Shao Organizations: Barclays Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why Alibaba's recent results 'don't matter that much'Jiong Shao, analyst at Barclays, discusses the "three things" that have moved the stock, two of which are negative.
Persons: Shao Organizations: Barclays
While investors have largely reacted negatively to the news, which was announced alongside quarterly earnings Thursday, Wall Street's analysts are split. Although the Wall Street bank reiterated its overweight – or buy – rating on the stock, it lowered its price target to $110 from $125. "Cancellation of the Cloud spin-off came out of the blue, and puts paid to the last big 'initiative' supposed to improve shareholder returns. JPMorgan JPMorgan analysts noted the Alibaba's cloud business missing growth estimates and a modest decline at its core business will worry investors. While applauding the newly announced dividend, JPMorgan said it won't be enough to offset investor disappointment over the aborted cloud spinoff plan.
Persons: Wall, Morgan Stanley, Alibaba, BABA, Morgan Stanley Morgan Stanley, Morgan Stanley's, Gary Yu, Bernstein Bernstein, Bernstein, Jiong Shao Organizations: Barclays, Alibaba's, JPMorgan JPMorgan, JPMorgan
Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half profit. Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit for the first half of the year — that's net earnings of 10.95 billion yuan ($1.50 billion) in the January to June period, compared to 3.59 billion yuan a year earlier. Hong-Kong listed shares of the automaker rose 5.6% while stocks in Shenzhen were up as much as 4.75% on Tuesday. Revenue in the first six months increased 72.72%, compared to the first half of 2022, according to the stock filing. "BYD is targeting mass market where Tesla cannot reach," said Vivek Vaidya, associate partner at Frost & Sullivan, on CNBC's "Street Signs Asia" Tuesday.
Persons: BYD, Jiong Shao, China's, Tesla, Vivek Vaidya, Frost & Sullivan, Vaidya Organizations: British, Farnborough International Exhibition, Kong, Barclays, Frost &, Tesla Locations: Farnborough, England, China, Shenzhen
All three stocks have double-digit gains ahead of them, if the average FactSet analyst price target holds true. Still, the average price target rose by 2.4% to $118.90 a share, according to FactSet. KraneShares CSI China Internet ETF (KWEB) gained nearly 19% last month. "We expect the stock will remain volatile in the near term along with China internet peers on macro uncertainty," the report said. Loop has a $210 price target on Baidu, more than 50% above where shares closed on Friday.
Persons: Tencent, , Louis, Vincent, Jiong Shao, Nomura, Jialong Shi, Morgan Stanley, Alex Poon, NetEase, Rob Sanderson, — CNBC's Michael Bloom Organizations: Baidu, UBS, Hong, Barclays, China Internet, CSI China Internet Locations: U.S, Europe, China, Hong Kong, Barclays China, Tencent
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. may be the answer to China's productivity problems, says Barclays' Jiong ShaoJiong Shao, Barclays' China technology analyst, joins 'The Exchange' to discuss Chinese AI development, meeting productivity goals through AI, and semiconductor competition in China.
Persons: Shao Jiong Shao Organizations: Barclays Locations: China
Consumers enjoy themselves at Nanjing Road Pedestrian Street, the busiest commercial tourist landmark in Shanghai, China, May 5, 2023. Analysts are bullish on Chinese big tech firms even though recovery looks uneven across companies and their latest earnings. Alibaba missed analysts' revenue estimates, but revenue rose 2% year on year to hit 208.2 billion Chinese yuan ($29.6 billion). In a joint statement G-7 leaders acknowledged that there's a need to de-risk and diversify from China — not decouple. They highlighted the need to "address challenges posed by China's policies and practices" and "counter malign practices, such as illegitimate technology transfer or data disclosure."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt'll be an 'audacious endeavor' for Alibaba to split company into six units, says BarclaysJiong Shao of the bank says "hopefully investors in Alibaba will reap significant reward in the next couple of years."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTencent's investment-led strategy was successful but won't work anymore, Barclays saysJiong Shao of the bank says the Chinese tech giant made "very smart investments, taking significant stake … in a lot of other very large internet companies," but that will no longer work under the "new regulatory regime."
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba's not getting enough credit for having such a profitable business model, Barclays saysJiong Shao of the bank discusses the Chinese tech giant's earnings beat and says it is generating "cold, hard and very good cash."
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