Optimistic about cloud computing and data in the field of foreign investment banks to re-examine the technology stocks


Optimistic about cloud computing and data in the field of foreign investment banks to re-examine the technology stocks

Original title foreign investment bank revisited China technology stocks

Reporter beauty

At 0.2:05 seconds on November 11, the total turnover of Cat Shuang11 reached 10 billion yuan in 2018, refreshing the time record of 3:01 seconds last year; the logistics order volume of Cat Shuang11 in 10 hours and 36 minutes exceeded that of 2016; at 15:49:39 seconds, the total turnover of Cat Shuang11 in 2018 exceeded 168.2 billion yuan, exceeding that of Cat 11 in 2017.

Behind this series of records can not be separated from Alibaba big data and cloud computing technology support, this year Tianmao Shuang11 orders per second create a peak of 491,000, while in 2009 the first Shuang11 transactions peak is 400 transactions per second, a 10-year increase of 1,227 times.

However, since this year, Alibaba and Jingdong, as the representatives of the Internet stock market, have been experiencing "adverse wind". 206 Chinese shares listed in the United States by Wind statistics, and only 52 of them have risen since the beginning of the year. However, the frequent news of "Shuang11" bulletins attracted Wall Street's attention once again. Institutions believe that Internet giants with slowing traffic growth are blowing a "technological wind" and that "the strong are self-reliant" stocks may be coming into the market or ushering in a turning point.

China technology stocks have experienced headwinds.

Although the overall trend of the U.S. stock market has affected China stock market since October, it has been experiencing a sharp rise and fall since the beginning of the year, unlike the U.S. stock bull market which has lasted for nearly 10 years. Internet companies were among the top decliners, with Sogou and Sohu falling by more than 50% from the beginning of the year to the present, Jingdong and Ctrip falling by more than 40%, Pingduo in July was 31.42% lower than the closing price on the first day of listing, and Alibaba was 15.99% lower than the double digits.

In this regard, market analysts pointed out that the decline in performance is the first cause. In the past three quarters, the Tiger Securities Investment and Research team data show that although Alibaba's revenue growth rate has remained slightly narrowed in the past 10 quarters (54-61%), gross interest rate has been in the decline channel since late 2017. In addition, according to historical data, Alibaba's revenue growth bottomed out two months earlier than its stock price bottomed out in early 2016. Alibaba shares fell more than 2% on that day. Although Sohu's loss margin through internal reform was effective in the third quarter, it still lost $32 million, and its video, media, games and Sogou business all experienced a significant decline in revenue, which has dropped 56.93% since the beginning of the year.

History has shown that growth stocks generally perform poorly when the market as a whole is worried. At present, most Wall Street institutions believe that the bull market is coming to an end, and market worries continue to rise and pull down technology stocks. At the same time, the high valuation of technology stocks and the pressure from the strong US dollar have also contributed to the sell-off of technology stocks. The US technology stocks descended and the technology stocks represented by Internet Co fell.

The future of cloud computing and data will be the backbone.

Compared with the slowing down of the flow of electricity business, foreign institutions are more optimistic about the transformation of cloud computing and data services of e-commerce giants. On the eve of All North Ventures Shuang11, the US investment agency, said Alibaba had transformed from a traditional e-commerce platform to a big data company, acquiring transaction data and providing services from its sales market, financial services and logistics operations. The agency said that Alibaba's e-commerce business could be extended to other growth services through a strong and broad network impact.

In a recent report, Goldman Sachs analyst Pew Mubai said Alibaba "will continue to invest in many areas to promote future growth", including retail, digital advertising and entertainment. In his report, Mubai predicted that by the end of 2020, Alibaba's potential market size (TAM) would reach 80 trillion yuan.

In addition, Investor Place, a well-known investment media in the United States, wrote on the 10th that 45 of the 51 analysts in the statistics suggested that Alibaba shares should be bought, despite the recent sharp drop in the leading stock prices on the Internet.

The Alibaba and other Internet Co have also launched the technology horn. Although Jingdong Cloud Computing started late and officially announced the provision of commercial services from April 2016, Jingdong Cloud is "horse race enclosure" through investment, self-construction, rental and other means. In June this year, Beijing Dongyun Unified Jingdong Finance announced that its strategic investment is known as Bocloud Boyun, the fastest growing cloud computing company in PaaS (Platform as a Service) field. Since then, Beijing Dongyun has invested in EasyStack, an open source cloud unicorn. At the same time, Baidu, Sogou and other Internet companies have launched cloud computing or auto-driving technologies, hoping to find new business growth points and reverse the decline through the help of technology.

Wall Street analysts recently pointed out that if the stock prices of leading Internet companies such as Alibaba rebound in the near future, it will become an important opportunity for China Capital Stock to rise.


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