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<Research>BOCI Tweaks Recommended Ranking for CN Internet Stocks; Top Pick TENCENT
China's National Bureau of Statistics (NBS) released on Monday (19th) that the nation's retail sales of consumer goods for April 2025 grew 5.1% YoY, with retail sales exclu...
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<Research>BOCI Tweaks Recommended Ranking for CN Internet Stocks; Top Pick TENCENT
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China's National Bureau of Statistics (NBS) released on Monday (19th) that the nation's retail sales of consumer goods for April 2025 grew 5.1% YoY, with retail sales excluding automobiles climbing 5.6% YoY, trailing behind market expectations and reflecting weak consumer confidence, BOCI said in a report. Online retail sales gained 7.1% YoY in April, aligning with the broker's expectations, thanks to categories such as electronics and home appliances, underpinned by effective national subsidy policies.

Considering the impact of MEITUAN-W (03690.HK)  +2.400 (+1.765%)    Short selling $1.02B; Ratio 24.195%   's RMB100-billion support plan over the next three years on its profit, as well as the potential impact of the U.S. ban on Nvidia’s H20 chips on BABA-W (09988.HK)  +0.500 (+0.420%)    Short selling $954.30M; Ratio 10.208%   's cloud business, the recommended ranking by BOCI for Chinese internet platforms was adjusted to TENCENT (00700.HK)  +2.000 (+0.387%)    Short selling $1.01B; Ratio 13.707%   > JD-SW (09618.HK)  +0.300 (+0.226%)    Short selling $162.95M; Ratio 13.139%   > Alibaba > Meituan > Pinduoduo (PDD.US)      , the report noted.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsBOCI Reaffirms Buy on BABA-W with H-Share TP HK$146

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