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Actionable news in VIPS: VIPSHOP HOLDINGS LIMITED,

Vipshop: It’s Time to Buy; Threat from Alibaba, JD.com Is Low

Brokerage Kim Eng has upgraded Vipshop Holdings (VIPS) to buy given the Chinese e-commerce platform's high earnings growth and historic low price-earnings multiple.

The stock, which specializes in online flash sales, tumbled from a high around $15 in May to a low of around $10 earlier this month on concerns about revenue growth and margins. The stock closed at $11.72 on Tuesday.

But Kim Eng reckons now is the time to buy a stock they reckon has 23% upside:

Recent sell-off has opened up an opportunity for us to BUY a stock that could deliver 20%+ top line and earnings growth for next three years. The market is overly concerned...

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