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Technology Stocks : Vipshop Holdings Limited (VIPS)
VIPS 10.030.0%5:05 PM EDTNews

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From: zax9/7/2014 8:41:29 AM
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Credit Suisse analysts Evan Zhou and Dick Wei advised investors to “accumulate on weakness to position for better growth in the third quarter

valuewalk.com

The stock price of Vipshop Holdings Ltd – ADR ( NYSE:VIPS), a holding company and online discount retailer for various brands based in China declined around 6% on Friday due to several factors such as the filing of Sequoia to distribute a million of American Depositary Shares (ADS), and concerns regarding potential management sell-down from dual-class classification proposal at the upcoming AGM conference on September 15.



Credit Suisse analysts Evan Zhou and Dick Wei think that the correction in the share price of Vipshop Holdings Ltd-ADR ( NYSE:VIPS was unjustified. They reiterated their Outperform rating for the stock and emphasized that it is their sector pick.

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