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OFFON

ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED

(241)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/25
12.32 HKD   -2.22%
06:00aAlibaba Health Information Technology Projects Swing to Loss in Fiscal H1
MT
04:41aTech and property firms dragged Hong Kong stocks lower
RE
12:55aChina stocks inch higher on IT gains; Hong Kong slips
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

HK, China stocks drop on deepening fears of Beijing's regulations

08/20/2021 | 01:39am EDT

Aug 20 (Reuters) - Hong Kong stocks dropped over 2% to hit a more than nine-month low on Friday, while China shares also fell sharply on deepening concerns over the economic slowdown and Beijing's regulatory tightening.

** Hong Kong's Hang Seng index dropped 2.3% to 24,739.60 by lunch break, after hitting its lowest level since Nov. 2 at 24,581.6. The Hong Kong China Enterprises Index lost 2.3% to 8,707.00.

** China's bluechip CSI300 index fell 2.4% to 4,745.23, while the Shanghai Composite Index lost 1.7% to 3,408.15.

** China's regulatory crackdowns continue to haunt investors, who are already worried about a slowing economy.

** Hang Seng is on course for its worst week since the height of pandemic in March, 2020.

** The Hang Seng Tech Index plunged 3.6%, a fresh low since the index's inception.

** Chinese internet companies should innovate, assume social responsibilities and promote social values, according to a state media article on Friday.

** E-commerce giant Alibaba Group declined 2.2% to HK$ 158.6, hitting the lowest since its Hong Kong debut.

** Food-delivery giant Meituan tumbled 7.1% to a one-year low, while gaming and social-media giant Tencent edged down 0.1% to touch a 14-month low.

** Healthcare players plunged too, with the sector's sub-index down 8.6%.

** Alibaba Healthcare Information Technology and Wuxi Biologics plummeted 13.4% and 10.4%, respectively.

** China's liquor stocks slumped 5.8%, after state media reported that the country's State Administration for Market Regulation is holding a meeting during the day to discuss regulations over the liquor market.

** The healthcare index plunged 5%, amid growing concerns that the sector will also be in the regulatory crosshairs.

** Bucking the trend, China Telecom Corp surged 19 in a strong debut, following its $7.3 billion fundraising via public offering, the world's biggest in 2021. (Reporting by Shanghai Newsroom)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED -2.22% 12.32 End-of-day quote.-46.20%
MEITUAN -0.83% 286.8 End-of-day quote.-2.65%
TENCENT HOLDINGS LIMITED -0.88% 505 End-of-day quote.-10.46%
WUXI BIOLOGICS (CAYMAN) INC. 3.88% 117.7 End-of-day quote.14.49%
All news about ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
06:00aAlibaba Health Information Technology Projects Swing to Loss in Fiscal H1
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04:41aTech and property firms dragged Hong Kong stocks lower
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12:55aChina stocks inch higher on IT gains; Hong Kong slips
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10/20Hong Kong Hang Seng Up 1.4%, Extends Rally on Tech Issues
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10/19Hong Kong Hang Seng Up 1.5% on Tech Rally, Despite Slipping Property Issues
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10/13Alibaba Health Information Technology Limited Announces Change of Directors and Change ..
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10/12Hong Kong Hang Seng Down 1.4% on Wall Street Cues, Energy Outlook, Tech Retreat
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10/08Hong Kong Hang Seng Up 0.6% as Tech Stocks Gain; Property Issues Still Weak
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09/28Hong Kong Hang Seng Up 1.2% as Tech Gains, Property Issues Surge
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09/24Hong Kong Hang Seng Down 1.3%, Renews Decline on Property, Tech Issues
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More news
Analyst Recommendations on ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
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Financials
Sales 2022 23 499 M 3 683 M 3 683 M
Net income 2022 289 M 45,4 M 45,4 M
Net cash 2022 10 879 M 1 705 M 1 705 M
P/E ratio 2022 400x
Yield 2022 -
Capitalization 136 B 21 362 M 21 377 M
EV / Sales 2022 5,34x
EV / Sales 2023 3,61x
Nbr of Employees 1 033
Free-Float 30,0%
Chart ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
Duration : Period :
Alibaba Health Information Technology Limited Technical Analysis Chart | 241 | BMG0171K1018 | MarketScreener
Technical analysis trends ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 10,12 CNY
Average target price 18,31 CNY
Spread / Average Target 80,9%
EPS Revisions
Managers and Directors
Shun Yan Zhu Chairman & Chief Executive Officer
Di Fan Shen Chief Operating Officer & Executive Director
Tong Luo Independent Non-Executive Director
King On Wong Independent Non-Executive Director
Yi Fei Huang Independent Non-Executive Director
Sector and Competitors