Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Haitong Int'l Hikes Alibaba (BABA.US) TP to US$167 Due to Strong Momentum in Instant Retail
Recommend 15 Positive 30 Negative 6 |
||||
|
||||
|
BABA-W (09988.HK)(BABA.US) delivered a total revenue of RMB247.7 billion for the quarter ending in June, reflecting a 2% YoY elevation, Haitong International's research report indicated. Operating profit came in at RMB34.99 billion, down 3% YoY. Adjusted EBITA dipped 14% YoY to RMB38.8 billion, mainly due to investments in Taobao Instant Commerce, user acquisition spending, and technology R&D. Net profit attributable to shareholders leapfrogged by 76% YoY to RMB43.1 billion, thanks to investment fair-value gains and disposal of Trendyol’s local services business. The broker believed that the group's instant retail business has strong momentum, with Ele.me and Taobao Instant Commerce continuously gaining market share, and accelerated growth in cloud business revenue, confirming the resilience of domestic cloud market demand, which is expected to jointly support revenue and long-term profit margin enhancement. The target price for U.S. stocks was hiked to US$167, with a rating of Outperform. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
