JPMorgan Downgrades Alibaba and Other China Tech Stocks Following Selloff; Calls It “Uninvestable” For Next 6-12 Months
JPMorgan analyst Alex Yao double downgraded Alibaba Group Holding Ltd(NYSE: BABA) to Underweight
Stocks That Hit 52-Week Lows On Friday
During Friday's session, 198 companies made new 52-week lows.
Chinese Stocks Down ~2-3% Thursday; Western Media Thursday Morning Highlights Chinese Stance On Russian Invasion Could Be Becoming Less Neutral, Highlights Misinformation Being Shared By Chinese State To Chinese Citizens
https://www.cnn.com/2022/03/10/china/china-russia-disinformation-campaign-ukraine-intl-dst-hnk/index.html
Stocks That Hit 52-Week Lows On Tuesday
During Tuesday's trading, 505 companies set new 52-week lows.
CLSA Maintains Underperform on HUYA, Lowers Price Target to $6.1
CLSA analyst Leo You maintains HUYA (NYSE:HUYA) with a Underperform and lowers the price target from $9.5 to $6.1.
Fallen Ex-unicorn DouYu Set For Delisting To Move Under Tencent’s Wing?
Key Takeaways
• 90% drop in DouYu shares over past 12 months may presage a Tencent-led privatization bid in the next year
• Company needs strategic rethink on revenue stream diversification as gaming slows in China
By James Dyson
Stocks That Hit 52-Week Lows On Tuesday
Tuesday's session saw 109 companies set new 52-week lows.
