Latest colour on this morning's top movers China Life (+4.3%), Alibaba (+3.2%), Nio Singapore (-6%)
1⃣China Life: after dropping 15% since mid-January, the stock appears to be showing recovery from the HKD 25 range
📑The shares traded to a 4-month low of HKD 24.82 on 26 March after the company reported a 44% rise in full-year 2025 net profit to RMB 154.08 billion, but suffered a fourth-quarter net loss of RMB 13.7 billion due to lower investment income and insurance service revenue
📝Bloomberg Intelligence (BI) published a report this morning that China Life's new business value - discounted future profit of new policies - is likely to rise by 15% or more this year, on the heels of last year's 36% gain
🤝BI believes that China Life's vast bancassurance partnerships with over 100 banks should position it to capture an influx of maturing bank deposits seeking alternative savings solutions
✳✴With China Life shares up 4.3% today to HKD 27.44 as of 958AM, Macquarie's trending China Life call $CLIFE MBeCW261005(1W2W.SI)$ (https://warrants.com.sg/tools/livematrix/1W2W) is up 20.8% to SGD 0.058 while trending put warrant $CLIFE MBePW260602(XWBW.SI)$ (https://warrants.com.sg/tools/livematrix/XWBW) is down 31.6% to SGD 0.013
2⃣ Alibaba: despite its 3.2% rally to HKD 126.80 as of 1007AM, the stock is down 18% from its mid-January high of HKD 154.30. The trending Alibaba call warrant $Alibaba MB eCW261005(NNTW.SI)$ (https://warrants.com.sg/tools/livematrix/NNTW) is up 18.8% to SGD 0.038 on today's share price move while trending Alibaba put warrant 9POW (https://warrants.com.sg/tools/livematrix/9POW) is down 10.9% to SGD 0.114
🔻This week, an analyst downgraded his targe price on Alibaba, citing higher spending on Qwen promotions in China's AI race and expects bigger losses in the company's non-core businesses (Bloomberg)
🤖Meanwhile, Alibaba's cloud and AI unit is expected to remain a prime growth engine for the March quarter despite near-term pressure, with the growth rate forecast to accelerate as the company steps up AI monetization (South China Morning Post)
🔝The stock's is amongst the top 10% of equities for relative worth on Benzinga Edge given its sharp selloff since January
3⃣ $NIO Inc. USD OV(NIO.SI)$ the 6% sell off in the shares to USD 6.17 today comes on the back of a 25% rally of the share since mid-January. Trending Nio call warrant $NIO MBeCW260826(TBPW.SI)$ (https://warrants.com.sg/tools/livematrix/TBPW) which is down 18.3% today to SGD 0.058, remains 31.8% higher this month to date (mtd) given Nio's 11.4% mtd gains
📢On 31 March, the company reported first quarter deliveries of 83,465 vehicles, a 98.3% year-over-year increase, beating Bloomberg estimates of about 81,360
🏆Nio's strong delivery performance stands in contrast to the broader Chinese EV market slowdown, with larger rival BYD reporting a 20% year-over-year decline in March passenger vehicle sales (Dow Jones Barron's)
🆕Yesterday, NIO unveiled the ES9 SUV - a premium yet competitively priced offering to replace the smaller ES8 SUV
🚘The company's momentum is being supported by elevated oil prices and geopolitical tensions that are boosting interest in electric vehicles (South China Morning Post)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
