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<Research>CICC Lists Ratings/ TPs for CN Dotcoms (Table)
Recommend
119
Positive
169
Negative
95
Stock│ Rating│ Target Price
(1) Content, Social Media and Game Companies
TENCENT (00700.HK)│Outperform│$666
NetEase (NTES.US)│Outperform│US$171
NTES-S (09999.HK)│Outperform│$265
KUAISHOU-W (01024.HK)│Outperform│$72.8
Bilibili (BILI.US)│Outperform│US$30
BILIBILI-W (09626.HK)│Outperform│$232

Zhihu (ZH.US) │Outperform│US$3.7
iQIYI (IQ.US)│Outperform│US$2.5
Tencent Music Entertainment Group (TME.US)│Outperform│US$17.4
TME-SW (01698.HK)│Outperform│$67.5
NETEASE MUSIC (09899.HK)│Outperform│$224

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Hello Group (MOMO.US) | Outperform | US$8.7
Yalla Group (YALA.US) | Outperform | US$10.3
NEWBORNTOWN (09911.HK) | Outperform | $14.5
IGG (00799.HK) | Outperform | $4.5
JOYY (JOYY.US) | Outperform | US$79

HUYA (HUYA.US) | Outperform | US$4.6
Weibo (WB.US) | Outperform | US$13
Baidu (BIDU.US) | Outperform | US$205
BIDU-SW (09888.HK) | Outperform | $196
KANZHUN (BZ.US) | Outperform | US$17
TONGDAO LIEPIN (06100.HK) | Outperform | $3.9
MEITU (01357.HK) | Outperform | $6.6

(2) E-commerce and Logistics
Alibaba Group (BABA.US) | Outperform | US$178
BABA-W (09988.HK) | Outperform | $172
JD.com (JD.US) | Outperform | US$33
PDD Holdings (PDD.US) | Outperform | US$148
Vipshop Holdings (VIPS.US) | Outperform | US$20
JD LOGISTICS (02618.HK) | Outperform | $15.9
Dingdong (DDL.US)│Outperform│US$3.38
Full Truck Alliance (YMM.US)│Outperform│US$13.6

Related News UBS Cuts BIDU (09888.HK) TP to HKD165, AI Cloud Infrastructure Key Growth Driver
(3) Local Life, O2O and OTA
MEITUAN-W (03690.HK)│Outperform│$125
Trip.com Group (TCOM.US)│Outperform│US$70
TRIP.COM-S (09961.HK) | Outperform | $545.1
TONGCHENGTRAVEL (00780.HK) | Outperform | $28
DiDi Global (DIDIY.US) | Outperform | US$6
CAOCAO INC (02643.HK) | Outperform | $70

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