8.91k followers • 19 symbols Watchlist by Motif Investing
Chinese internet companies grow their users bases and their ability to monetize them, could result in rapid revenue and earnings growth.
Ctrip.com International, Ltd.
Vipshop Holdings Limited
Bitauto Holdings Limited
Jumei International Holding Limited
Fang Holdings Limited
Zacks.com featured highlights include: KB Home, Crocs, NetEase, Taylor Morrison Home and Anika Therapeutics
Solid Q3 results have encouraged firms to jack up their price targets for Netflix (NFLX), making it pricey. For small investors, we have picked media stocks that are low-priced and have growth potential.
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Indonesian President Joko Widodo is set to revamp his economic team in a new cabinet that may include key opposition figures and industrialists, enabling him to push through difficult business reforms.Widodo, 58, will be sworn in for a second term Sunday, with his cabinet likely to be announced soon after. He’s expected to broaden his coalition by luring the opposition with cabinet posts in a bid to secure support for his policy agenda.Jokowi, as the president is known, heads into his final five years in office having pledged to lift economic growth, overhaul labor laws and boost investment at a time when trade tensions between the U.S. and China are hammering demand.“The team of economic managers in the cabinet will be more crucial than ever before given the immediate challenges of navigating an uncertain global backdrop,” said Euben Paracuelles, an economist at Nomura Holdings Inc. in Singapore.Here’s a look at the key possible cabinet names doing the rounds in the media and among Indonesia watchers:Sri Mulyani IndrawatiJokowi has given few details about his new cabinet line-up, aside from guaranteeing in a recent interview that Indrawati, currently the finance minister, will remain in his team. It’s possible she may be promoted to the post of coordinating minister for economic affairs, a position currently held by Darmin Nasution, according to one document prepared by Jokowi’s presidential campaign.A former World Bank managing director, 57-year-old Indrawati has been credited with stabilizing the government’s finances and winning the country multiple credit-rating upgrades.Perry WarjiyoCurrently governor of the central bank, Warjiyo is a possible successor to Indrawati if she’s promoted to a more senior cabinet post, according to a list compiled by Jokowi’s presidential campaign team.Warjiyo was Jokowi’s sole nominee for governor when he was appointed to the post in May last year. He’s built his career at the central bank, dealing with a number of financial crises during his time. He led an aggressive policy response to counter last year’s emerging-market rout, raising interest rates by 175 basis points to help stabilize the currency.Chatib BasriThe former finance minister is also seen as a possible successor to Indrawati. Basri served under Jokowi’s predecessor, Susilo Bambang Yudhoyono, also known as SBY, and is an advocate of labor market reform and policies focused on lifting investment.Former Bank Indonesia Governor Agus Martowardojo and Mirza Adityaswara, an ex-senior deputy governor, have also been cited as possible replacements for Indrawati.Nadiem MakarimThe founder of Indonesia’s first startup unicorn Gojek is touted as a possible minister in charge of either education or small- and medium-sized businesses. His addition to the cabinet would be in line with Jokowi’s publicly stated preference to include professionals and millennials in his team.Makarim, 35, has built Gojek into a $10 billion company offering everything from ride-hailing services to food delivery and digital payments. The company counts Google, JD.com Inc. and Tencent Holdings Ltd. among its investors and is seen as an icon for aspiring Indonesian entrepreneurs.Mukhamad MisbakhunMisbakhun, a member of the parliament’s finance committee during Jokowi’s first term, is considered a possible candidate to be trade minister, a post currently held by Enggartiasto Lukita. Misbakhun is a politician from the Golkar party, which has been a key member of the ruling coalition and is the second-biggest party in the parliament.Prabowo SubiantoJokowi’s heavy reform agenda has seen him reach across the aisle to opposition parties, including to Prabowo, the head of Indonesia’s main opposition party, who the president defeated for a second time in elections earlier this year.The pair have held a number of very public meetings in recent months, boosting expectations Prabowo, a former general, could bring his Great Indonesian Movement Party into the ruling coalition, and that his party could also be rewarded with several cabinet slots.Sandiaga UnoUno was Prabowo’s running mate in the 2019 presidential race and is being touted as possibly joining the new cabinet. A graduate of George Washington University, Uno is a successful businessman with big political ambitions.SBY’s son Agus Yudhoyono has also been named as possibly joining the cabinetTo contact the reporters on this story: Karlis Salna in Jakarta at email@example.com;Arys Aditya in Jakarta at firstname.lastname@example.orgTo contact the editors responsible for this story: Nasreen Seria at email@example.com;Thomas Kutty Abraham at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investors target stocks that have been on a bullish run lately. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.
The big shareholder groups in Ctrip.com International, Ltd. (NASDAQ:CTRP) have power over the company. Institutions...
NetEase (NTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of tech companies Alibaba, JD.com, the Trade Desk, and Roku are up today. The broader indexes have also opened higher on trade talk optimism.
(Bloomberg) -- Activision Blizzard Inc. is facing a fierce backlash and calls for a boycott after a unit of the American video-game company punished a player for supporting Hong Kong’s protest movement, the latest cultural clash between the U.S. and China.Blizzard Entertainment banned Ng Wai Chung, known as Blitzchung, from its Grandmasters esports competition for a year and withheld prize money he had already won after he used a slogan from Hong Kong’s pro-democracy movement. Players and fans around the world immediately responded with outrage over what they view as heavy-handed punishment and kowtowing to Chinese censorship. The topic erupted online, with blizzardboycott trending on Twitter.“I will never play Blizzard’s game from now on, unless they apologize to blitzchung and to HK people. Blizzard sucks,” one person wrote on a forum discussion thread called ‘Solidarity with Blitzchung, Censored by Blizzard.’Hong Kong’s protests have sparked escalating clashes between Beijing and the rest of the world. The National Basketball Association was engulfed in controversy after the general manager of the Houston Rockets expressed support for the protesters, leading China’s broadcasters to pull NBA games and local companies to drop Rockets products. Apple Inc. was blasted by the Communist Party’s flagship newspaper for carrying an app and song embraced by the movement.China’s Online Army Shows Foreign Brands Who’s in ChargeThe Blizzard incident began when Ng -- dressed in a gas mask and goggles in defiance of authorities’ ban on face masks -- used the phrase “Liberate Hong Kong, revolution of our age!” during a post-match interview. Blizzard, developer of games like World of Warcraft and Hearthstone, said in a statement it instituted the ban to “prevent similar incidents” in the future. On the China microblogging site Weibo, Blizzard’s statement in Chinese was: “We will, as always, resolutely safeguard the country’s dignity.”The blowback was immediate. In South Korea, Blizzard became a top trending subject on Twitter with people saying the company “prioritizes money over human rights” and that it is “crazy” and “‘disappointing.” In the U.S., an influential former Blizzard employee, Mark Kern, rebuked the company.“You screwed up and traded your players in for dollars,” he tweeted. “There is keeping politics out of games, then there is grand standing to appease the Chinese Communist Party.”Gaming websites reported on protests by Blizzard staff. Rock Paper Shotgun said Wednesday employees at the headquarters in Orange County, California, covered core values cast in bronze in a sculpture outside the offices that read “Think Globally” and “Every Voice Matters.” They also held umbrellas, a symbol of the movement.The website Kotaku was critical, with a headline that read: “Blizzard’s Company Values Don’t Mean Much Today.”Contacted for comment, Activision Blizzard reiterated in a statement plans to enforce its established rules of conduct: “While we stand by one’s right to express individual thoughts and opinions, players and other participants that elect to participate in our esports competitions must abide by the official competition rules.”Activision Blizzard joins a number of international companies embroiled in controversy around free speech linked to China. Luxury brands like Versace, Coach and Givenchy have all fallen foul of Beijing’s demands to refer to both Hong Kong and Taiwan as parts of its territory and not suggest they are independent nations. During the summer, China also requested more than 40 foreign airlines stop referring to China, Hong Kong and Taiwan as separate countries.“As you know, there are serious protests in my country now,” Ng said in a statement to gaming blog Inven Global. “My call on stream was just another form of participation of the protest that I wish to grab more attention.”Activision Blizzard has tie-ups with Chinese gaming houses Tencent Holdings Ltd. and NetEase Inc. to distribute -- and in some cases co-develop -- new entries in beloved franchises like Call of Duty and Diablo in the world’s biggest video game market and beyond.One player explained how much they enjoyed playing Blizzard’s World of Warcraft, but would be stepping back from it and joining the boycott.“I hit level 45 tonight so when I read the news I was extremely sad,” the person wrote. “I can put up with a lot, but if it’s someone’s freedom or my money, I will gladly give up my favorite game so that others can have the same freedoms I enjoy.”(Updates with gaming website protests in eighth paragraph)\--With assistance from Lulu Yilun Chen and Jihye Lee.To contact the reporters on this story: Zheping Huang in Hong Kong at email@example.com;Gregor Stuart Hunter in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Peter Elstrom, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.