Today's Research Reports on Stocks to Watch: Alibaba and China Natural
NEW YORK, NY / ACCESSWIRE / June 4, 2018 / Alibaba Group shares saw a slight gain in Friday's trading after details emerged on the company's concept smart locker called Cainiao Box. Shares of China Natural Resources saw huge gains despite any news to explain the move. Shares shot up almost 23%.
RDI Initiates Coverage on:
Alibaba Group Holding Limited
https://rdinvesting.com/news/?ticker=BABA
China Natural Resources, Inc.
https://rdinvesting.com/news/?ticker=CHNR
Alibaba Group Holding Limited shares closed up 3.20% with about 23 million shares this past Friday. The Chinese e-commerce giant has developed a concept smart locker called the Cainiao Box. The concept will allow people to receive packages when they aren't home. Installed outside the home they provide a secure place for people to leave deliveries and it can also be temperature controlled to keep foods warm or cold. There are no details on when this may become a real shipping product and is just a concept for now. The company also announced a driverless delivery robot, at the Cainiao Network 2018, Global Smart Logistics Summit. The automated vehicle will be called G Plus and will be easy to mass produce and serve different purpose. The technology is currently being road tested at Hangzhou, Alibaba's headquarter and commercial production is expected to begin by the end of this year.
Access RDI's Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA
China Natural Resources, Inc. shares closed up nearly 23% on Friday with a little over 2.3 million shares traded. There was no catalyst to explain the big jump and unusual activity the stock saw on Friday. The company, which engages in the exploration for lead, silver and other metals in the Inner Mongolia Autonomous Region of the People's Republic of China, had announced 2017 operating results at the end of April. Mr. Wong Wah On Edward, the Company's Chairman, commented on the results: "The Board has determined to focus the Company's resources on metals explorations and mining activities and other business operations in the PRC. In November 2017, we acquired Bayannaoer Mining which owns the right to explore for minerals at a mine located in Inner Mongolia Autonomous Region of the PRC. In December 2017, we sold our copper smelting plant in Bolivia. We will continue to explore new businesses opportunities to contribute to revenues and enhance shareholder values."
Access RDI's China Natural Resources, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CHNR
Our Actionable Research on Alibaba Group Holding Limited (NYSE: BABA) and China Natural Resources, Inc. (NASDAQ: CHNR) be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
