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After the big rebound, the earnings reports of Ali and Tencent are here!
Buyback programs will be the focus of attention. Goldman Sachs said that Tencent's earnings report should also focus on game revenue and video channel advertising business. Ali's financial report should focus on Taotian GMV and profitability, and the growth of both cloud businesses is also worth looking forward to.
MercadoLibre Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/13/2024 19.34% Barclays $1800 → $2000 Maintains Overweight 05/03/2024 7.41% Wedbush → $1800 Reiterates
A Closer Look at MercadoLibre's Options Market Dynamics
Investors with a lot of money to spend have taken a bullish stance on MercadoLibre (NASDAQ:MELI).And retail traders should know.We noticed this today when the trades showed up on publicly available op
Sea Ltd Q1 Results Preview: Investors Anticipate the Upbeat Sentiment to Persist
Sea Q1 Earnings Preview: Forecasted Revenue Surge from E-commerce and Digital Finance
Sea is set to release its first-quarter 2024 results on May 14. S&P Global data shows an expected USD 3.6 billion revenue, up 18.4% YoY, with EPS at USD 0.03, down 79.9% YoY.
Cloud Music Expands K-pop Portfolio With Kakao Entertainment
Cloud Music (NASDAQ:NTES) Monday said that it has entered into a licensing agreement for digital music distribution with Kakao Entertainment, an entertainment company in South Korea, granting NetEase Cloud Music the right to distribute Kakao Entertainment's music catalog in China.