COMPANY NEWS

China’s top edible bird’s nest product company Yan Palace cleared Hong Kong listing hearing

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Li Auto to start mass production, delivery of first pure electric vehicle MEGA in Feb

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Gome Retail surged up to 90% on report plan to open 10,000 supermarkets in next three years

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UBS lowered Alibaba’s target price, maintaining Buy rating

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CICC cut Alibaba H-shares’ target price by 20% to HK$108, maintaining Outperforming rating

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Goldman Sachs keeps Buy rating on Alibaba, with target price at HK$131

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Zhejiang Geely to divest $388 mln worth of stocks in Volvo Car

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Tencent replaced Alibaba to become top pick, rating maintained at Overweights – Morgan Stanley

Morgan Stanley removed Alibaba from top picks, slashed target price to $110, but maintained Overweight rating

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Jack Ma very positive about Alibaba, to continue to hold its shares – report

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Alibaba to unlock value to improve shareholder returns, company in best financial position to invest for future growth – chairman Joseph Tsai

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China’s top chipmakers SMIC, Hua Hong Semiconductor saw Q3 net profit slump over 80%

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China Vanke gets clear support from government, state shareholder, liquidity risk manageable – HSBC Global Research 

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China Vank’s meeting should improve institutional investors’ sentiment, but some issues remain unresolved – UBS

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Goldman Sachs keeps PetroChina on Conviction Buy List, lowers CNOOC target price

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Citic Securities raised forecast of BYD Company’s profit, kept its stocks at Buy

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Xiaomi’s Q3 adjusted net profit to surge 157.5% on year, hiked target price by 10.8% – CICC

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BYD’s competitive product offering, favorable seasonality to support robust momentum in Q4 – UBS

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China Eastern Airlines’ Q3 results missed expectation despite turnaround to profit; China’s air travel recovery to slow down in Q4 – UBS

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