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08083 CHINA YOUZAN
RTNominal unchange0.076 0.000 (0.000%)
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05/12/2019 13:58

{I-bank focus}Jefferies rates China Youzan (08083) HK$0.7

[ET Net News Agency, 5 December 2019] Jefferies Research initiated coverage on China
Youzan (08083) with a "buy" rating and a target price of HK$0.7.
The research house considers Youzan a beneficiary of the secular trend in social
ecommerce in China, benefiting from the immense user base of Tencent's mini-programs. It
provides a comprehensive suite of solutions to merchants embracing the opportunities in
new retail with key verticals including food & beverage, clothing, beauty, household and
mother & infant products.
Jefferies expects Youzan to maintain its fast growth and become profitable in 2021. (KL)

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