Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Nomura Elevates Alibaba Group (BABA.US) TP to US$237, Keeps Buy Rating
Recommend 31 Positive 58 Negative 20 |
||||
|
||||
|
It is reported that Alibaba Group Holding (BABA.US) planned to spin off its semiconductor chip business, T-Head, for a separate listing, Nomura published a research report saying. Although the Company has not officially confirmed the news, analysis suggests that the possibility of an IPO for T-Head is quite high. Therefore, the broker elevated its target price for Alibaba Group Holding's US stock from US$193 to US$237, with rating kept at Buy. Nomura also believed that T-Head can be considered alongside Baidu (BIDU.US)'s Kunlunxin and CAMBRICON (688256.SH) as one of Chinese top chip designers. AAStocks Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
