Ratings by Daiwa Securities (John Choi)

Date CompanySymbol Type Rating
(Past)
PT
(Past)
Start $
(End $)
% Chg. Details
6/23/2026 JD.com, Inc JD Downgrade Neutral (3)
(Buy (1))
27.02
(26.12)
-3.33% Details
6/23/2026 Pinduoduo Inc. PDD Downgrade Neutral (3)
(Buy (1))
78.11
(76.56)
-1.98% Details
3/13/2026 Full Truck Alliance Co. Ltd. YMM Downgrade Neutral (3)
(Buy (1))
8.98
(7.64)
-14.92% Details
3/11/2026 JOYY JOYY Upgrade Buy (1)
(Outperform (2))
59.80
(66.29)
10.85% Details
10/14/2025 Baidu BIDU Upgrade Buy (1)
(Outperform (2))
125.72
(110.14)
-12.39% Details
2/18/2025 Baidu BIDU Downgrade Outperform (2)
(Buy (1))
97.48
(110.14)
12.99% Details
5/22/2024 Vipshop Holdings VIPS Downgrade Neutral (3)
(Buy (1))
16.45
(13.17)
-19.94% Details
6/8/2023 Trip.com Group Limited TCOM Upgrade Buy (1)
(Outperform (2))
34.29
(45.50)
32.69% Details
3/29/2023 Vipshop Holdings VIPS Upgrade Outperform (2)
(Neutral (3))
15.23
(13.17)
-13.53% Details
1/20/2023 Baozun BZUN Upgrade Outperform (2)
(Neutral (3))
7.07
(2.77)
-60.82% Details
12/7/2022 JD.com, Inc JD Maintain Buy (1)
(N/A)
 
 
  Details
9/22/2022 Trip.com Group Limited TCOM Upgrade Buy (1)
(Neutral (3))
24.43
(45.50)
86.25% Details
8/24/2022 GDS Holdings GDS Downgrade Sell (5)
(Outperform (2))
25.29
(31.88)
26.06% Details
8/20/2021 Baozun BZUN Downgrade Sell (5)
(Buy (1))
21.14
(2.77)
-86.9% Details
5/5/2021 Pinduoduo Inc. PDD New Coverage Buy (1)
(N/A)
132.17
(76.56)
-42.07% Details
4/14/2021 JD.com, Inc JD Maintain Buy (1)
(Buy (1))
 
 
  Details
3/25/2021 21Vianet VNET Maintain Buy (1)
(Buy (1))
 
 
  Details
3/12/2021 GDS Holdings GDS Maintain Outperform (2)
(Outperform (2))
 
 
  Details
3/12/2021 JD.com, Inc JD Maintain Buy (1)
(Buy (1))
 
 
  Details
2/23/2021 GDS Holdings GDS Downgrade Outperform (2)
(Buy (1))
108.04
(31.88)
-70.49% Details
11/4/2020 GDS Holdings GDS New Coverage Buy (1)
(N/A)
87.47
(108.04)
23.52% Details
11/4/2020 21Vianet VNET New Coverage Buy (1)
(N/A)
23.97
(8.36)
-65.12% Details
8/21/2020 Vipshop Holdings VIPS Downgrade Sell (5)
(Buy (1))
19.26
(13.17)
-31.62% Details
8/14/2020 NetEase.com NTES New Coverage Buy (1)
(N/A)
464.87
(119.25)
-74.35% Details
3/10/2020 Trip.com Group Limited TCOM Downgrade Neutral (3)
(Outperform (2))
26.90
(45.50)
69.14% Details
1/9/2020 Baidu BIDU Upgrade Buy (1)
(Outperform (2))
136.70
(110.14)
-19.43% Details
1/9/2020 Alibaba BABA New Coverage Buy (1)
(N/A)
217.63
(102.60)
-52.86% Details
10/25/2019 TAL International TAL Upgrade Buy (1)
(Outperform (2))
42.72
(9.44)
-77.9% Details
8/30/2019 Baidu BIDU Maintain Neutral (3)
(N/A)
 
 
  Details
8/16/2019 Vipshop Holdings VIPS Upgrade Buy (1)
(Neutral (3))
7.20
(13.17)
82.92% Details
5/28/2019 Vipshop Holdings VIPS Upgrade Neutral (3)
(Underperform (4))
7.65
(7.20)
-5.88% Details
5/17/2019 Baidu BIDU Downgrade Neutral (3)
(Buy (1))
153.70
(136.70)
-11.06% Details
4/26/2019 TAL International TAL Upgrade Outperform (2)
(Neutral (3))
36.17
(42.72)
18.11% Details
4/24/2019 New Oriental Education EDU Maintain Buy (1)
(N/A)
 
 
  Details
4/11/2019 Baidu BIDU Maintain Buy (1)
(N/A)
 
 
  Details
3/8/2019 New Oriental Education EDU Maintain Buy (1)
(N/A)
 
 
  Details
3/8/2019 Baidu BIDU Maintain Buy (1)
(N/A)
 
 
  Details
3/1/2019 JD.com, Inc JD Maintain Buy (1)
(N/A)
 
 
  Details
1/28/2019 TAL International TAL Maintain
(N/A)
 
 
  Details
12/19/2018 Baidu BIDU Maintain Buy (1)
(N/A)
 
 
  Details
11/19/2018 Vipshop Holdings VIPS Maintain Underperform (4)
(N/A)
 
 
  Details
8/14/2018 Vipshop Holdings VIPS Downgrade Underperform (4)
(Neutral (3))
9.01
(7.65)
-15.09% Details