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Anger, legal questions
Analysts from Shanghai-based Sinolink Securities said overseas institutions will invest mainly in companies that face little competition in the local market, produce positive financial performance and have potential to emerge as super brands in the future.
Analysts said Alibaba's profit may have dropped due to the group's diversification that required investments in new business segments like media, entertainment and cloud computing.
Analysts from GF Securities wrote in a note that the market valuations of Chinese home appliance companies are at a similar level as that of their overseas counterparts.
Analysts expect the services sector to continue its recovery as policy efforts strengthen, but lingering uncertainties from the novel coronavirus epidemic could make the future recovery "gradual and bumpy".
