According to data released by the National Bureau of Statistics (NBS), Chinese industrial profits fell 3.6% in January-November from a year earlier to $1.11 trillion due to restricted factory activity and…
supply chain disruptions. The country’s strict COVID policy has impacted production.
However, analysts predict a robust recovery next year. JP Morgan analysts expect China’s reopening to have a shorter period of transitional pain in the first quarter of 2023, followed by recovery from the second quarter.
Guangzhou, China-based Vipshop Holdings Limited (VIPS) is expected to benefit significantly from the economy’s recovery. The company offers apparel, skincare and cosmetic products, and shoes and bags. The company operates through its three broad segments: Vip.com, Shan Shan Outlets, and Others.
The stock has gained 59.3% over the past year and 60.5% year-to-date to close its last trading session at $13.48. It has gained 39.5% over the past month. It is trading above its 50-day moving average of $9.89 and 200-day moving average of $9.41, indicating an uptrend.
Here are the factors that could affect VIPS’ performance in the upcoming months…
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