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2021-07-27

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Didi stock turned red to green

Didi's share rose more than 1%, after falling by more than 10%. The outlook for Didi Global is stil

Didi stock turned red to green

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That target is still nearly 50% above where shares closed Friday.</p>\n<p>The ride-hailing company is one of several Chinese firms that are facing regulatory issues there. Chinese officials have limited Didi’s customer acquisition ability, including blocking app downloads. The stock has dropped more than 50% since July 1.</p>\n<p>For Didi in particular, this lost time in gaining market share could be a big hit to its long-term outlook, Atlantic said.</p>\n<p>“A significant premium comes with having a monopoly in ridehailing and hence there would not be a linear relationship between market share lost and the impact on valuation,” the note said.</p>\n<p>Notably, the move from Atlantic is not an overall call on stocks that are under increased scrutiny in Beijing. The firm reiterated its overweight rating on&nbsp;Alibaba&nbsp;and&nbsp;Tencent.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Didi stock turned red to green</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDidi stock turned red to green\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-26 21:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Didi's share rose more than 1%, after falling by more than 10%.</p>\n<p><img src=\"https://static.tigerbbs.com/7fc75f706a2efc7e55660325d2098531\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>The outlook for&nbsp;Didi Global&nbsp;is still too murky amid the Chinese tech stock crackdown for investors to step in and buy the dip, according to Atlantic Equities.</p>\n<p>Analyst Xiao Ai downgraded the stock to neutral from overweight, saying that the stock was a risk until the regulatory issues are ironed out.</p>\n<p>“While we believe the most likely outcome will be manageable financial and operational penalties, the range of outcomes leaves us unable to recommend the stock until there is more certainty,” the note said.</p>\n<p>Atlantic, which is the only major Wall Street firm that covers Didi, said its year-end price target for the stock was $12 per share but warned that the stock should remain volatile. That target is still nearly 50% above where shares closed Friday.</p>\n<p>The ride-hailing company is one of several Chinese firms that are facing regulatory issues there. Chinese officials have limited Didi’s customer acquisition ability, including blocking app downloads. The stock has dropped more than 50% since July 1.</p>\n<p>For Didi in particular, this lost time in gaining market share could be a big hit to its long-term outlook, Atlantic said.</p>\n<p>“A significant premium comes with having a monopoly in ridehailing and hence there would not be a linear relationship between market share lost and the impact on valuation,” the note said.</p>\n<p>Notably, the move from Atlantic is not an overall call on stocks that are under increased scrutiny in Beijing. The firm reiterated its overweight rating on&nbsp;Alibaba&nbsp;and&nbsp;Tencent.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172003910","content_text":"Didi's share rose more than 1%, after falling by more than 10%.\n\nThe outlook for Didi Global is still too murky amid the Chinese tech stock crackdown for investors to step in and buy the dip, according to Atlantic Equities.\nAnalyst Xiao Ai downgraded the stock to neutral from overweight, saying that the stock was a risk until the regulatory issues are ironed out.\n“While we believe the most likely outcome will be manageable financial and operational penalties, the range of outcomes leaves us unable to recommend the stock until there is more certainty,” the note said.\nAtlantic, which is the only major Wall Street firm that covers Didi, said its year-end price target for the stock was $12 per share but warned that the stock should remain volatile. That target is still nearly 50% above where shares closed Friday.\nThe ride-hailing company is one of several Chinese firms that are facing regulatory issues there. Chinese officials have limited Didi’s customer acquisition ability, including blocking app downloads. The stock has dropped more than 50% since July 1.\nFor Didi in particular, this lost time in gaining market share could be a big hit to its long-term outlook, Atlantic said.\n“A significant premium comes with having a monopoly in ridehailing and hence there would not be a linear relationship between market share lost and the impact on valuation,” the note said.\nNotably, the move from Atlantic is not an overall call on stocks that are under increased scrutiny in Beijing. The firm reiterated its overweight rating on Alibaba and Tencent.","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":50,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}