Alibaba (BABA)/ 9988 HK; Jack Ma 03 (May 21 - Jun 25)

[winston]

vested

2QFY25: Seeking High-quality Growth And Gradual Monetisation

Alibaba’s 2QFY25 results are within expectations.

Revenue grew 5% yoy to Rmb236.5b, slightly missing the street’s estimate.

Non-GAAP net profit was Rmb36.5b, down 9% yoy and in line with consensus forecast, with net margin of 15.4%.

Despite a sequential moderation in GMV growth, we saw a solid performance during the 11.11 campaign due to its strategic execution, and remain optimistic on the cloud and AIDC revenue growth outlook.

Maintain BUY with a target price of HK$130.00 (US$130.00).

Source: UOBKH

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://39646150.fs1.hubspotusercontent-na1.net/hubfs/39646150/Research/Alibaba%20Group%20(9988%20HK)%20241118.pdf?utm_medium=email&_hsenc=p2ANqtz-_FBCdWe-h0d-Onb_IkUY1-HZc1yhgixcnNyzdjwyshurwartbrjSoJJB9BRG0jm7PEVSW-PlvfoZtA4wIubQNkFyMSJg&_hsmi=334352819&utm_content=334352819&utm_source=hs_email

[behappyalways]

Alibaba to sell China’s Sun Art to buyout firm at big discount
https://www.theedgesingapore.com/news/c ... g-discount

[behappyalways]

Alibaba says new AI model outmatches Deepseek and GPT-4o
https://m.youtube.com/watch?v=R6R4_lvY2Hk

[winston]

not vested

3 Reasons to Buy Alibaba Stock Like There's No Tomorrow

by Leo Sun

E-commerce and cloud leader's wide moat, rapid growth rates, and its expansion into adjacent markets.

Growth stabilized, it streamlined its sprawling business and it found fresh ways to expand its higher-growth overseas e-commerce and logistics businesses.

1. Alibaba's business is gradually stabilizing
It also expanded its higher-growth Cainiao logistics business as its cloud infrastructure business recovered.

2. Alibaba's artificial intelligence (AI) investments are paying off
Cloud intelligence group's revenue already rose 7% year over year in the first half of fiscal 2025, but it only accounted for 11% of its top line.

3. Alibaba stock looks dirt cheap relative to its growth potential
Fwd PE 11.

Source: The Motley Fool

https://finance.yahoo.com/news/3-reason ... 00442.html

[winston]

not vested

Alibaba Group (9988 HK / BABA US) - Key beneficiary to broadening AI applications

Summary (9988 HK): Share price has risen 38% since the announcement of Qwen 2.5 in end-January.

We have been highlighting a few positive catalysts including
i) further increase in Southbound holdings,
ii), Taobao and Tmall Group (TTG) margins to stabilise on the back of management’s ongoing effort to stabilise gross merchandise volume (GMV) share and accelerating growth in customer management revenue (CMR),
iii) management’s target to have most of the non-core loss-making businesses to break even and to gradually contribute to group profitability within one to two years.

Despite a recent share price rally, we believe there remains upside on the back of i) a potential further re-rating to its cloud business and upside risk in revenue growth;
ii) improving fundamentals of domestic e-commerce; and
iii) ongoing focus on shareholder’s return.

Alibaba remains our preferred play to get exposure on the back of a broadening and an acceleration of China AI adoption.

The stock is trading at 12.8x forward price-to-earnings (P/E) as revenue and adjusted earnings per share (EPS) are forecasted to grow 9% and 12% YoY in FY2026 respectively.

We lift our sum-of-the-parts (SOTP) fair value estimate to HKD137.00, implying 14x forward P/E, which is at historical average level.

Source: OCBC

[winston]

not vested

Alibaba: In Q3 2025, reported its fastest revenue growth since 2023, with a 239% surge in attributable profit, an 8% increase in revenue, and earnings per ADS of $2.93, surpassing expectations.

Expanded its global reach by launching its first data center in Mexico.

Source: Market Screener

[winston]

not vested

Shop fest, AI boom help Alibaba rake in 117b yuan

Its third-quarter net profit surged 2.39 times year-on-year to 48.95 billion yuan.

Revenue was 280.15 billion yuan in December quarter, compared with 279.34 billion yuan expected.

Source: AP

https://www.thestandard.com.hk/section- ... -117b-yuan

[winston]

not vested

3QFY25: CMR Beat; All-in AI; Capex In Next Three Years To Exceed That Of Past Decade

Alibaba’s 3QFY25 results surpassed expectations.

Revenue grew 8% yoy to Rmb280.2b, in line with the street’s estimate.

Non-GAAP net profit was Rmb51.1b, up 6% yoy, beating our and consensus forecasts, with net margin of 18.2%.

CMR revenue growth of 9% yoy came in above expectations, propelled by the introduction of service fees, a take rate improvement and the national subsidies programme.

Maintain BUY with a higher target price of HK$150.00 (US$150.00).

Source: UOBKH

https://research.uobkayhian.com/content ... e=hs_email

[behappyalways]

Taobao’s first physical store in Hong Kong
https://m.youtube.com/watch?v=l7fLPjBYpo8

[behappyalways]

Alibaba shares soar after Chinese tech giant unveils new DeepSeek rival
https://www.cnbc.com/2025/03/06/alibaba ... q-32b.html