According to independent stock commentator Guo Jiayao, the U.S. stock market fluctuated on Tuesday (18th) with mixed economic data, and the market was tepid. The three major indices recorded moderate gains at the close, and the S&P 500 index and the Nasdaq set new closing highs. The trend of the U.S. dollar weakened, and the yield on the U.S. 10-year Treasury bond fell to 4.21%, while gold and oil prices performed well. Generally, Hong Kong stocks rose, and the market was expected to follow the upward trend in the morning.
The mainland stock market rose yesterday, with the Shanghai Composite Index fluctuating upward and closing up 0.5%. The trading volume of the Shanghai and Shenzhen stock markets remained light.
Hong Kong stocks continued to fluctuate narrowly, with the index falling to the 18,000 point level and overall trading remaining light. The strength of the external market did not bring much drive to the market. Macro-economic data shows that the mainland's growth pace is not stable, and the market is concerned about its policy news. It is expected that the market will continue to hover between 17,800 and 18,500 points without a breakthrough.
Baozun E-commerce - W (09991.HK) is a leading player in China's branded e-commerce services industry and serves over 450 brands in various industries around the world. Baozun has three major business lines: Baozun e-commerce, Baozun brand management, and Baozun International. The company's total net revenue in the first quarter of this year was RMB 1.98 billion, a 4.9% increase from the same period last year, primarily driven by the 65.6% increase in product sales revenue from Baozun brand management. The e-commerce business has achieved significant results in reducing costs and increasing efficiency and will maintain a stable growth performance. The brand management business is also progressing in an orderly manner. The GAP China brand continues to upgrade its brand power, and has made breakthroughs in products, stores, marketing, and backend. This year, its revenue growth will be further accelerated in order to achieve the goal of achieving a balance between profits and losses as soon as possible. The overall business is developing positively, which is favorable for the valuation to rebound.
(I and related parties do not hold the above shares). ~