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<Research>CICC Ratings, TPs for CN Dotcoms (Table)
Recommend
97
Positive
131
Negative
69
CICC published a report, listing its investment ratings and target prices for Chinese dotcoms:

(1) Content, social and gaming companies
Shares│Ratings│Target prices
TENCENT (00700.HK)│Outperform│HKD600
NetEase (NTES.US)│Outperform│USD145
NTES-S (09999.HK)│Outperform│HKD225
KUAISHOU-W (01024.HK)│Outperform│HKD80
Bilibili (BILI.US)│Outperform│USD23
BILIBILI-W (09626.HK)│Outperform│HKD176
Zhihu (ZH.US)│Outperform│USD6.1
iQiyi (IQ.US)│Outperform│USD2
Tencent Music (TME.US)│Outperform│USD20.70
TME-SW (01698.HK)│Outperform│HKD80
NETEASE MUSIC (09899.HK)│Outperform│HKD233
Hello Group (MOMO.US)│Outperform│USD9.3
Yalla Group (YALA.US)│Outperform│USD9
IGG (00799.HK)│Outperform│HKD4.16
JOYY (JOYY.US)│Outperform│USD64
HUYA (HUYA.US)│Outperform│USD4.6
Weibo (WB.US)│Outperform│USD13
Baidu (BIDU.US)│Outperform│USD99.1
BIDU-SW (09888.HK)│Outperform│HKD96
KANZHUN (BZ.US)│Outperform│USD21
TONGDAO LIEPIN (06100.HK)│Outperform│HKD6.2
MEITU (01357.HK)│Outperform│HKD7.2

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(2) E-commerce and logistics
Shares│Ratings│Target prices
JD.com (JD.US)│Outperform│USD48
Pinduoduo (PDD.US)│Outperform│USD125
VIPShop (VIPS.US)│Outperform│USD17.6
HUITONGDA NET (09878.HK)│Outperform│HKD36
JD LOGISTICS (02618.HK)│Outperform│HKD18.5
Dingdong (DDL.US)│Outperform│USD3
Dada (DADA.US)│Outperform│USD5.2
Full Truck Alliance (YMM.US)│Outperform│USD 15.68

(3) Local life, O2O and OTA
Shares│Ratings│Target prices
MEITUAN-W (03690.HK)│Outperform│HKD177
Trip.com (TCOM.US)│Outperform│USD75.9
TRIP.COM-S (09961.HK)│Outperform│HKD588.5
TONGCHENGTRAVEL (00780.HK)│Outperform│HKD23
Didi Chuxing (DIDIY.US)│Outperform│USD6
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