Goldman Sachs' 30 China AI Stocks: Which Star Will Rally Next?

The recent rally in Chinese stocks appears more sustainable and reasonable than last October. $HSI(HSI)$ has risen 12% this month. Can upcoming earnings continue to drive valuation recovery for Chinese assets?

1. Goldman Sachs Raises China Earnings Forecast

Goldman Sachs projects the MSCI China Index will rise 16% to 85 points over the next 12 months, with the CSI 300 Index climbing 19% to 4700 during the same period.

The bank attributes this growth to productivity gains, cost savings, and new revenue streams from AI technology, potentially boosting Chinese corporate earnings by 2.5% annually over the next decade and attracting around $200 billion in foreign inflows.

2. Goldman Sachs’ AI Portfolio: Which Companies Are You Betting On?

3. Upcoming Earnings: Which Company Can Extend the Rally?

Several high-profile Chinese companies are set to report earnings this week:

How does market expect China stocks' earnings?How does market expect China stocks' earnings?

  • Alibaba, Bilibili, and Baidu belong to the Data and Cloud category in GS’s portfolio.

  • NetEase and Trip.com fall under Software and Applications.

How do you expect China stock earnings season?

Which stock will extend the rally?

Can Alibaba bring good news on earnings call?

Which China stocks to bet on DeepSeek wave?

Leave your comments and also post to win tiger coins~

# Two Sessions: Can China's Asset Boom Drive BABA Higher?

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  • icycrystal
    ·02-18
    TOP
    waiting in anticipation [Smile] [Smile] [Smile]

    @GoodLife99 @HelenJanet @rL @Shyon @Aqa @LMSunshine @koolgal @HelenJanet @SPACE ROCKET @TigerGPT @Universe宇宙

    Goldman Sachs projects the MSCI China Index will rise 16% to 85 points over the next 12 months, with the CSI 300 Index climbing 19% to 4700 during the same period.

    The bank attributes this growth to productivity gains, cost savings, and new revenue streams from AI technology, potentially boosting Chinese corporate earnings by 2.5% annually over the next decade and attracting around $200 billion in foreign inflows.

    How do you expect China stock earnings season?

    Which stock will extend the rally?

    Can Alibaba bring good news on earnings call?

    Which China stocks to bet on DeepSeek wave?

    Leave your comments and also post to win tiger coins~

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    • Shyon
      Thanks for sharing
      02-19
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  • Aqa
    ·02-18
    TOP
    China stocks are having a steadily good rebound. $Alibaba(BABA)$, $BABA-W(09988)$ and $Luckin Coffee Inc.(LKNCY)$ are the best performers here in this earnings season. Both stocks will extend their present rally. Alibaba is expected to bring good news on its earnings call. The Chinese companies have been increasing in their investments. The Chinese have also been putting in reforms to encourage companies to take advantage of low rates to increase buy backs. China is not without risks so invest with caution. Do due diligence before each trade. Good luck! 🍀 Thanks @Tiger_comments @icycrystal @TigerGPT @1PC @Shyon @Blinkfans @StableMaster @SPACE ROCKET @SPOT_ON
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    • Shyon
      Thanks for sharing
      02-19
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    • TigerGPT

      Based on the available information, let's analyze the earnings of Alibaba (BABA), Alibaba-W (09988), and Luckin Coffee Inc. (LKNCY).

      Alibaba (BABA):

      Latest Reported Period: 2025Q2  

      Previous Earnings Result (Accumulative):

      2024H1: Earnings per share of 24.31 CNY, Return on total assets of 3.52%, Net assets per share of 407.91 CNY, and net profit of 59.70 billion CNY.  

      20249M: Earnings per share of 30.10 CNY, Return on total assets of 4.26%, ROE of 10.19%, Net assets per share of 404.24 CNY, and net profit of 70.41 billion CNY.  

      2024FY: Earnings per share of 31.61 CNY, Return on total assets of 4.53%, ROE of 8.07%, Net assets per share of 405.38 CNY, and net profit of 71.33 billion CNY.  

        

      Earnings Forecast (2025Q3): Forecasted earnings per share of 2.48 CNY, forecasted gross income of 279.34 billion CNY, and forecasted EBIT of 53.07 billion CNY.  

      Key Points of Earnings Report: Revenue and net profit showed growth, while operating profit and adjusted EBITDA declined. Cash and cash equivalents decreased, and investments in e-commerce and Alibaba Cloud affected the financial position.  

      Relevant Articles:

      Alibaba Set to Step Up AI Investments Amid DeepSeek's Emergence -- Market Talk  

      Earnings Tell The Story For Alibaba Pictures Group Limited (HKG:1060) As Its Stock Soars 27%  

      Zephirin Downgrades Alibaba Group Holding to Sell From Hold, Keeps HK$88 Price Target, Medium Risk  

      Baidu Stock Gains On Free Chatbot Plan Amid AI Showdown With Alibaba, DeepSeek  

        

        

      Alibaba-W (09988):

      Latest Reported Period: 2025Q2  

      Previous Earnings Result (Accumulative):

      2024H1: Earnings per share of 24.31 CNY, Return on total assets of 3.52%, Net assets per share of 407.91 CNY, and net profit of 59.70 billion CNY.  

      20249M: Earnings per share of 30.10 CNY, Return on total assets of 4.26%, ROE of 10.19%, Net assets per share of 404.24 CNY, and net profit of 70.41 billion CNY.  

      2024FY: Earnings per share of 31.61 CNY, Return on total assets of 4.53%, ROE of 8.07%, Net assets per share of 405.38 CNY, and net profit of 71.33 billion CNY.  

        

      Earnings Forecast (2025Q3): Forecasted earnings per share of 2.48 CNY, forecasted gross income of 279.61 billion CNY, and forecasted EBIT of 53.76 billion CNY.  

      Key Points of Earnings Report: Mixed results with revenue and net profit growth but decline in operating profit and adjusted EBITDA. Cash and cash equivalents, net cash provided by operating activities, and free cash flow decreased.  

      Relevant Articles:

      Alibaba Set to Step Up AI Investments Amid DeepSeek's Emergence -- Market Talk  

      Earnings Tell The Story For Alibaba Pictures Group Limited (HKG:1060) As Its Stock Soars 27%  

      Zephirin Downgrades Alibaba Group Holding to Sell From Hold, Keeps HK$88 Price Target, Medium Risk  

      Baidu Stock Gains On Free Chatbot Plan Amid AI Showdown With Alibaba, DeepSeek  

        

        

      Luckin Coffee Inc. (LKNCY):

      Latest Reported Period: 2024Q3 (October 30, 2024)  

      Previous Earnings Result (Accumulative):

      2023H1: Earnings per share of 4.94 USD, Return on total assets of 12.75%, Net assets per share of 21.27 USD, and net profit of 1.56 billion USD.  

      2023FY: Earnings per share of 9.00 USD, Return on total assets of 19.80%, ROE of 43.20%, Net assets per share of 25.57 USD, and net profit of 2.85 billion USD.  

      20239M: Earnings per share of 8.06 USD, Return on total assets of 18.68%, ROE of 53.02%, Net assets per share of 24.59 USD, and net profit of 2.55 billion USD.  

        

      Earnings Forecast (2024Q4): Forecasted earnings per share of 0.22 USD, forecasted gross income of 1.37 billion USD, and forecasted EBIT of 107.27 million USD.  

      Key Points of Earnings Report: Revenue and net profit showed growth in previous periods. The stock's earnings call and key points of the earnings report are not available.  

      Relevant Articles: None  

        

      Please note that this analysis is for reference purposes only and should not be considered as investment advice. It is essential to conduct your own due diligence and consult with a financial advisor before making any investment decisions.

      02-18
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  • Shyon
    ·02-19
    TOP
    The recent rally in Chinese stocks appears more sustainable than last October, with strong gains this month. Goldman Sachs has raised its China earnings forecast, citing AI-driven productivity gains, cost savings, and new revenue streams as key factors supporting growth and attracting foreign inflows. These elements are expected to sustain market confidence.

    Earnings season is underway, with some companies exceeding expectations while others face revenue declines and slowing growth. The market’s reaction will be crucial in determining whether the recent rebound continues, as investors watch for signs of recovery across sectors.

    Looking ahead, companies with strong AI initiatives, cloud advancements, and solid consumer demand are expected to stand out. As sentiment improves, the focus remains on whether earnings can justify valuations and provide the momentum needed for a sustained recovery in Chinese assets.

    @Tiger_comments @TigerStars @TigerGPT

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  • Success88
    ·02-20
    China is very good in AI. Before US came out AI actually China already start but nobody know. So actually China AI is better then any other country in this world. I believe most chips company like $SMIC(00981)$ and $Naura Technology Group Co.,Ltd.(002371)$ all good to go
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  • MHh
    ·02-20
    I expect for most to do well. AI, robotics, semiconductors should do well. Consumer related stocks would be questionable. Alibaba brought in good news. I would continue to bet on tencent and it’s cloud with DeepSeek. SMIC should do well, especially with the tension and competition with the US. Afterall, it is always better to depend on oneself than others under the current climate of nationalism and potential trade war.


    @DiAngel @Universe宇宙 @Kaixiang @SPOT_ON @Wayneqq @HelenJanet @Success88 @rL @Fenger1188 come join
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  • 北极篂
    ·02-19
    这次中国股票财报季,我的核心预期是市场将更加聚焦业绩的可持续性,而不仅仅是短期数据是否超预期。过去一段时间,港股和中概股整体修复明显,尤其是 AI 概念带来的市场情绪提升,但最终股价能否持续上涨,还是要看企业能否拿出有力的盈利增长支撑。


    哪只股票可能延续涨势?
    目前来看,百度(BIDU)、阿里巴巴(9988.HK)、拼多多(PDD) 这些公司较有希望延续涨势,原因在于 AI 题材、消费复苏以及降本增效的逻辑仍在持续。百度受益于 DeepSeek AI 及其 AI 云业务的发展,市场对其 AI 变现能力的期待很高;拼多多在全球扩张方面表现突出,Temu 增长超预期;阿里则需要在财报中证明自己能否稳定基本盘,特别是云业务的增长前景。


    阿里巴巴能否给盈利看涨期权带来好消息?
    阿里的核心变量在于两个方面:一是云计算业务的盈利能力,二是核心电商增长是否稳健。如果云业务恢复双位数增长,并且核心电商 GMV 企稳回升,市场情绪将明显改善,股价也可能获得上行动力。但如果数据平平,可能会让投资者对其长期竞争力产生疑虑。因此,阿里这次财报的关键点是能否交出一份足够有说服力的增长答卷。


    DeepSeek wave 值得押注哪些中国股票?
    DeepSeek AI 这波热潮最直接受益的肯定是百度,其次可以关注 AI 服务器相关的中芯国际(0981.HK)、华虹半导体(1347.HK),以及在 AI 计算基础设施布局较深的腾讯(0700.HK)和阿里云。如果 AI 训练需求持续爆发,国产芯片、云计算和服务器供应链都可能有不错的机会。


    整体来看,财报季是决定股价能否继续上涨的关键时刻,核心逻辑还是企业能否交出超市场预期的答卷,特别是 AI 相关概念是否有实质性盈利落地。
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  • GoodLife99
    ·02-19
    I believe $TRIP.COM-S(09961)$ will continue extending the rally with good earnings after the festive season! As my relatives/me prefer $Trip.com Group Limited(TCOM)$ for over travel plan too!
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  • highhand
    ·02-18
    everything Chinese will rally so just buy ETF like $CSI China Internet ETF(KWEB)$ or trade $Direxion Daily FTSE China Bull 3X Shares(YINN)$ [Happy]
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  • Time to exit.. The correction is about to happen after weeks of good ran up.
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  • AN88
    ·02-18
    china stock most no good. Alibaba is good
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  • 1PC
    ·02-18
    I put my horse 🐎 on Baba [Chuckle] [Call] [Call] [Call]
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  • ELI_59
    ·02-18
    I guess I will go with Alibaba 🚀🚀🚀
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  • fir3tiger
    ·02-19
    china no. 1
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