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

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Jack Ma's Ant Group Implicated In Major Corruption Scandal Involving Ex-CCP Official
https://www.zerohedge.com/technology/al ... p-official

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CCP Expels 1st Official For Being Too Rich & Corrupt As Xi Pushes "Common Prosperity" Crackdown
https://www.zerohedge.com/geopolitical/ ... -crackdown

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Last portion of the video talks about Alibaba



習近平再舉反貪大旗 震懾官場邁向第三任期 TVBS文茜的世界周報-亞洲版 20220129 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=PGTmQFiiPIU

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vested

BABA-SW (09988.HK) Mulls Registering Additional 1B ADSs

BABA-SW (09988.HK) made an English announcement that it had filed a Form F-6 with the Securities and Exchange Commission of the United States, to register an additional one billion American depositary shares (ADSs), each representing eight ordinary shares.

Market analysis said Alibaba could be interested in placing and was preparing for it in advance.

Dented by the news, Alibaba's U.S. shares fell 1% to close at US$122.22 last night, once slipping over 3%.

Source: AAStocks Financial News

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Alibaba SEC Filing May Signal SoftBank Plans to Sell, Citi Says

by Jeanny Yu and Min Jeong Lee

SoftBank owns 5.39 billion ordinary shares of Alibaba, equivalent to 673.76 million ADSs, or a 24.8% stake, according to Citi’s calculations.

Source: Bloomberg

https://finance.yahoo.com/news/alibaba- ... 55370.html

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Alibaba Shares Plunge As Citi Suspects Softbank May Dump Stake
https://www.zerohedge.com/markets/aliba ... load-stake

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Citi: BABA Registers Extra ADSs in Advance, Likely to Support Future Conversion Plans of Shareholders

In view of the scale of the additional 1-billion ADS registration filed by BABA-SW (09988.HK) earlier, and the recent trading flows being primarily the conversion of ADSs to H shares, Citigroup estimated that the company registered extra ADSs in advance to likely support future conversion plans of shareholders.

Citigroup further elaborated that, with the cancellation of ADSs after being converted to H shares and thus the reduction of the ADSs in issue, and given the increased conversions in recent months amid ADR de-listing worries, the broker assumed that the current remaining ADSs may be subsiding slowly, which may interfere shareholders' future plan to convert their H shares to ADSs.

Hence, the company may have registered a large number of ADSs in advance to support future conversion plans of shareholders, if any.

Source; AAStocks Financial News

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Alibaba Shares Soar As SoftBank Denies Speculation To Sell Massive Stake
https://www.zerohedge.com/markets/aliba ... sive-stake

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Alibaba’s share price rebound faces test as quarterly earnings release draws closer

Alibaba’s shares have rebounded 13 per cent after falling to a record low in January

The e-commerce giant may have posted its slowest quarterly revenue growth on record, according to analysts’ consensus estimate

by Zhang Shidong

Quarterly result due on February 24.

Alibaba’s revenue last quarter probably increased 11 per cent from a year earlier.

Net income based on the US accounting standard may have slumped 60 per cent to 31.9 billion yuan (US$5 billion), its fourth consecutive quarterly earnings contraction.

Growth in its core e-commerce operation probably remained flat due to the flare-up in Covid-19 infections in China since November and increased financial aid to merchants that were grappling with weaker consumer spending, while its new investments have yet to generate any profit.

Source: SCMP

https://www.scmp.com/business/markets/a ... gs-release

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Brokers See Baba's 3FQ Non-GAAP NP to Fall Over 27%; Focus on Operating, Regulatory Guidance

BABA-SW (09988.HK) is set to release the 3QFY22 results next Thursday (24th).

According to the forecasts of ten brokers as complied by our reporters, Baba's non-GAAP net profit will range between RMB38.064-49.321 billion for the quarter, down 16.7%-35.7% YoY. The median is estimated to be RMB42.756 billion, down 27.8% YoY.

Investors shall eye on Baba's latest operating and regulatory guidance.

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Brokers│3QFY22 Non-GAAP NP Forecast (RMB)│YoY Change
Macquarie│49.321 billion│-16.7%
Haitong Int'l│45.421 billion│-23.3%
GTJA│44.5 billion│-24.8%
Goldman Sachs│44.239 billion│-25.3%
Deutsche Bank│43.349 billion│-26.8%
CICC│42.163 billion│-28.8%
Citigroup│41.894 billion│-29.2%
Essence Securities│38.68 billion│-34.7%
Credit Suisse│38.339 billion│-35.2%
CMBI│38.064 billion│-35.7%

Based on 3QFY21 non-GAAP net profit of RMB59.207 billion.

Source: AAStocks Financial News