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ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED

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Hong Kong stocks end lower on tech regulatory worries

08/05/2021 | 04:44am EDT

Aug 5 (Reuters) - Hong Kong stocks ended lower in a volatile session on Thursday, as uncertainty around regulatory tightening in the tech sector sapped risk appetite.

** At the close of trade, the Hang Seng index was down 221.86 points or 0.84% at 26,204.69. The Hang Seng China Enterprises index fell 1.3% to 9,296.43.

** The sub-index of the Hang Seng tracking technology shares dropped 2.1%, while the IT sector fell 2.31%.

** The Chinese Communist Party's top decision-making body at its latest meeting mentioned terms like "anti-monopoly" and "curbing disorderly expansion by capital", portending a regulatory storm that would crush tech stocks in the coming months, said Larry Hu, chief China economist at Macquarie in Hong Kong.

** The three biggest H-share percentage decliners were Kuaishou Technology, down 15.3%, Alibaba Health Information Technology Ltd, which fell 6.17% and Country Garden Services Holdings Co Ltd, which shed 4.75%.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.29%, while Japan's Nikkei index closed up 0.52%.

** This week, the MSCI Asian regional benchmark has recovered most of the ground lost a week earlier, when a series of Chinese regulatory crackdowns on sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole. (Reporting by the Shanghai Newsroom; Editing by Ramakrishnan M.)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 2.43% 160.05 Delayed Quote.-31.23%
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED 8.88% 12.02 End-of-day quote.-47.51%
COUNTRY GARDEN SERVICES HOLDINGS COMPANY LIMITED 3.00% 49.85 End-of-day quote.-4.96%
HANG SENG 0.92% 24884.66 Real-time Quote.-8.62%
KUAISHOU TECHNOLOGY 6.22% 100.8 End-of-day quote.0.00%
NIKKEI 225 0.58% 30500.05 Real-time Quote.11.13%
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Analyst Recommendations on ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
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Financials
Sales 2022 23 935 M 3 702 M 3 702 M
Net income 2022 374 M 57,8 M 57,8 M
Net cash 2022 10 793 M 1 669 M 1 669 M
P/E ratio 2022 328x
Yield 2022 -
Capitalization 135 B 20 822 M 20 821 M
EV / Sales 2022 5,17x
EV / Sales 2023 3,46x
Nbr of Employees 1 033
Free-Float 30,0%
Chart ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
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Alibaba Health Information Technology Limited Technical Analysis Chart | 241 | BMG0171K1018 | MarketScreener
Technical analysis trends ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 18
Last Close Price 9,99 CNY
Average target price 18,91 CNY
Spread / Average Target 89,4%
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
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