BABA-W (09988.HK) delivered quarterly results miss. Following a share slide of over 4% last Friday (16th), it opened 2.84% lower this morning (19th), before losses deepened to bring the stock bottom at HK$117.6. It last posted at HK$117.7, down 4.62%, with 28.0728 million shares traded, amounting to HK$3.345 billion.
U.S. White House and congressional officials have reportedly been reviewing Apple’s (AAPL.US) AI cooperation plan with Alibaba over the past few months, as Apple aims to introduce its AI, Apple Intelligence, to China, with Alibaba as one of the partners.
Separately, the U.S. government is discussing whether to include Alibaba and other Chinese AI companies on a list prohibiting business with U.S. companies, report told.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| ALIBA (C) |
16084 |
146.98 (-) |
0.050 |
6.7 X |
| ALIBA (C) |
15790 |
140 (-) |
0.062 |
6.5 X |
| ALIBA (C) |
13780 |
128.1 (-) |
0.083 |
6.4 X |
| ALIBA (C) |
16291 |
125.1 (-) |
0.129 |
4.7 X |
| ALIBA (P) |
14223 |
117.58 (-) |
0.143 |
3.4 X |
| ALIBA (P) |
13581 |
98.94 (-) |
0.056 |
4.7 X |
| ALIBA (Bull) |
68707 |
112 (113.5) |
0.078 |
15.3 X |
| ALIBA (Bull) |
55179 |
109.5 (111) |
0.022 |
10.8 X |
| ALIBA (Bear) |
62244 |
140.5 (139) |
0.192 |
6.2 X |
| ALIBA (Bear) |
60445 |
137.5 (136) |
0.166 |
7.2 X |
| APPLE (C) |
10551 |
254 (-) |
0.021 |
15.4 X |
| APPLE (C) |
10614 |
236 (-) |
0.144 |
7.8 X |
| APPLE (P) |
10495 |
218 (-) |
0.234 |
8.5 X |
| APPLE (P) |
10678 |
170 (-) |
0.153 |
4.4 X |
