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ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED

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Hong Kong shares end lower as U.S. bill on China tech threat weighs

06/09/2021 | 04:40am EDT

* HSI -0.1%, HSCE -0.2%, CSI300 +0.1%

* U.S. Senate passes sweeping bill to address China tech threat

* China May PPI +9% y/y, fastest pace in over 12 years

BEIJING, June 9 (Reuters) - Hong Kong shares closed lower on Wednesday, dragged by tech firms after U.S. Senator passed a package of laws aimed at boosting its ability to take on Chinese technology.

** The Hang Seng index ended down 38.75 points or 0.13% at 28,742.63. The Hang Seng China Enterprises index fell 0.23% to 10,704.75.

** The IT sector dipped 0.48%, the financial sector ended 0.45% lower, while the sub-index of the Hang Seng tracking energy shares rose 2.1% and the property sector added 0.93%.

** The biggest loser on the Hang Seng was Alibaba Health Information Technology Ltd, which fell 2.48%.

** China's main Shanghai Composite index closed up 0.32% at 3,591.40, while the blue-chip CSI300 index ended up 0.08%.

** The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.

** The Chinese foreign ministry on Wednesday urged the United States to stop promoting such laws and to stop depicting China as a threat.

** China's factory gate prices rose at their fastest annual pace in over 12 years in May, driven by surging commodity prices, adding to global price pressures at a time when policymakers are trying to revitalise growth following the COVID-19-induced slump.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.35%, while Japan's Nikkei index closed down 0.35%.

** The yuan was quoted at 6.3924 per U.S. dollar at 0816 GMT, up 0.13%. (Reporting by Beijing Newsroom; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -2.97% 186.07 Delayed Quote.-20.05%
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED -18.52% 10.12 End-of-day quote.-55.81%
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.39% 4.77616 Delayed Quote.-4.65%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) -0.24% 9.016492 Delayed Quote.0.42%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) 0.06% 5.1688 Delayed Quote.0.80%
CHINA EVERGRANDE GROUP -13.41% 5.81 End-of-day quote.-61.01%
CHINA FEIHE LIMITED -16.22% 13.22 End-of-day quote.-27.20%
CHINA MENGNIU DAIRY COMPANY LIMITED -2.80% 41.6 End-of-day quote.-11.11%
CNOOC LIMITED -1.40% 7.77 End-of-day quote.8.22%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.19% 7.6816 Delayed Quote.-4.00%
HANG SENG 1.55% 25426.32 Real-time Quote.-8.05%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.05% 0.087433 Delayed Quote.-2.38%
JD HEALTH INTERNATIONAL INC. -22.09% 65.25 End-of-day quote.-56.50%
NIKKEI 225 -1.39% 27581.66 Real-time Quote.1.92%
S&P/CITIC 300 INDEX -0.04% 4286.11 Delayed Quote.-3.65%
S&P/CITIC 50 INDEX -0.05% 4068.01 Delayed Quote.-10.32%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.15% 6.51289 Delayed Quote.0.43%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.20% 6.498 Delayed Quote.-0.65%
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Financials
Sales 2022 23 720 M 3 646 M 3 646 M
Net income 2022 347 M 53,3 M 53,3 M
Net cash 2022 10 930 M 1 680 M 1 680 M
P/E ratio 2022 308x
Yield 2022 -
Capitalization 114 B 17 523 M 17 537 M
EV / Sales 2022 4,35x
EV / Sales 2023 2,90x
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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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 8,47 CNY
Average target price 21,02 CNY
Spread / Average Target 148%
EPS Revisions
Managers and Directors
Shun Yan Zhu Chairman & Chief Executive Officer
Tong Luo Independent Non-Executive Director
King On Wong Independent Non-Executive Director
Yi Fei Huang Independent Non-Executive Director
Yong Ming Eddie Wu Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
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PRO MEDICUS LIMITED67.80%4 409
CLOVER HEALTH INVESTMENTS, CORP.-52.00%3 285
SECTRA AB (PUBL)-6.34%3 076