The Chinese e-commerce operator reported fourth-quarter results overnight that were inline / slight beat to expectations in terms of both revenue and earnings while its annual active customer accounts were below consensus estimates. That saw a ~15% decline in the stock dragging down other U.S.-listed Chinese stocks.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Thursday 17th April – ASX +24pts, CGF, BHP, STO
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Thursday 17th April – Dow -699pts, SPI down -26pts
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MM believes Chinese Ecommerce stocks are cheap
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Thursday 17th April – ASX +24pts, CGF, BHP, STO
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Thursday 17th April – Dow -699pts, SPI down -26pts
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