On June 21, Guolonghui reported that Goldman Sachs pointed out in a report that the mainland's June 18 shopping festival ended on June 20. The duration of the event was longer, and sales were more dispersed or lacked peaks during the entire period. The competition among various platforms in terms of price and subsidies was more intense, and the return rate increased due to the more favorable return/user welfare policies of each platform. In addition, upgraded advertising technology continues to bring upward space for long-term monetization. The bank believes that due to the low base, e-commerce will have more opportunities starting in the second half of this year, and Alibaba, PDD Holdings, and Kuaishou are rated as "buy." among them, the bank's target price for Kuaishou is HKD 80, and it is on the list of confident buys.
大行评级｜高盛：下半年电商将有更多机会 予阿里、拼多多及快手“买入”评级
Major bank rating | Goldman Sachs: There will be more opportunities for e-commerce in the second half of the year, with a 'buy' rating for Alibaba, PDD Holdings and Kuaishou.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.