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ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED

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Hong Kong shares end lower as U.S. bill on China tech threat weighs

06/09/2021 | 09:40am BST

* HSI -0.1%, HSCE -0.2%, CSI300 +0.1%

* U.S. Senate passes sweeping bill to address China tech threat

* China May PPI +9% y/y, fastest pace in over 12 years

BEIJING, June 9 (Reuters) - Hong Kong shares closed lower on Wednesday, dragged by tech firms after U.S. Senator passed a package of laws aimed at boosting its ability to take on Chinese technology.

** The Hang Seng index ended down 38.75 points or 0.13% at 28,742.63. The Hang Seng China Enterprises index fell 0.23% to 10,704.75.

** The IT sector dipped 0.48%, the financial sector ended 0.45% lower, while the sub-index of the Hang Seng tracking energy shares rose 2.1% and the property sector added 0.93%.

** The biggest loser on the Hang Seng was Alibaba Health Information Technology Ltd, which fell 2.48%.

** China's main Shanghai Composite index closed up 0.32% at 3,591.40, while the blue-chip CSI300 index ended up 0.08%.

** The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.

** The Chinese foreign ministry on Wednesday urged the United States to stop promoting such laws and to stop depicting China as a threat.

** China's factory gate prices rose at their fastest annual pace in over 12 years in May, driven by surging commodity prices, adding to global price pressures at a time when policymakers are trying to revitalise growth following the COVID-19-induced slump.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.35%, while Japan's Nikkei index closed down 0.35%.

** The yuan was quoted at 6.3924 per U.S. dollar at 0816 GMT, up 0.13%. (Reporting by Beijing Newsroom; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.71% 199.28 Delayed Quote.-14.37%
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED -6.17% 11.86 End-of-day quote.-48.21%
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.15% 4.774458 Delayed Quote.-4.93%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) -0.02% 8.998116 Delayed Quote.0.65%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.04% 5.1675 Delayed Quote.0.55%
CHINA EVERGRANDE GROUP 0.18% 5.45 End-of-day quote.-63.42%
CHINA FEIHE LIMITED -2.91% 14.7 End-of-day quote.-19.05%
CHINA MENGNIU DAIRY COMPANY LIMITED 1.35% 44.95 End-of-day quote.-3.95%
CNOOC LIMITED 0.51% 7.85 End-of-day quote.9.33%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.05% 7.641 Delayed Quote.-3.98%
HANG SENG -0.80% 26225.47 Real-time Quote.-3.69%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.07% 0.087254 Delayed Quote.-2.42%
JD HEALTH INTERNATIONAL INC. -2.70% 75.55 End-of-day quote.-49.63%
NIKKEI 225 0.52% 27728.12 Real-time Quote.0.51%
S&P/CITIC 300 INDEX -0.55% 4436 Delayed Quote.-2.31%
S&P/CITIC 50 INDEX -0.64% 4123.66 Delayed Quote.-10.38%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4611 Delayed Quote.-0.52%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.05% 6.4643 Delayed Quote.-0.91%
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Financials
Sales 2022 23 720 M 3 669 M 2 638 M
Net income 2022 326 M 50,5 M 36,3 M
Net cash 2022 10 930 M 1 691 M 1 216 M
P/E ratio 2022 388x
Yield 2022 -
Capitalization 133 B 20 554 M 14 769 M
EV / Sales 2022 5,14x
EV / Sales 2023 3,43x
Nbr of Employees 1 033
Free-Float 30,0%
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Mean consensus BUY
Number of Analysts 16
Last Close Price 9,85 CNY
Average target price 20,41 CNY
Spread / Average Target 107%
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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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