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

[winston]

vested

BABA Shrs Tumble Over 8% as National Security Takes Action on Individual Surnamed Ma who Is Suspected of Endangering National Security

On 25 April 2022, National Security Bureau of Hangzhou City took criminal coercion action on an individual surnamed Ma, who was suspected of colluding with anti-China hostile forces of foreign countries and engaging in activities endangering national security, such as incitement to split the country and subversion of state power, CCTV News reported.

The share price of BABA-SW (09988.HK) tumbled over 8% to last at $93.4, on turnover of $1.88 billion.

Source: AAStocks Financial News

[behappyalways]

馬雲被逮捕了? 阿里巴巴股價一度暴跌 讓各界急忙澄清 被抓的人其實是"馬某某" 外界揣測官媒非誤傳 而是意在警告馬雲｜記者 許庭瑋｜【國際局勢】20220503｜三立iNEWS
https://m.youtube.com/watch?v=s8v2-u9zXgo

[winston]

vested

Alibaba net declines 21pc but lockdown sales jump

Alibaba (9988) reported a 21 percent decline in adjusted net profit to 136.39 billion yuan (HK$158.97 billion) for the year ending in March but its last quarter's sales beat expectations after Chinese consumers turned to online malls for basic needs during Covid lockdowns across the country.

Revenue for the last fiscal year rose 19 percent to 853.06 billion yuan, primarily driven by the revenue growth of the China commerce segment, the e-commerce giant said yesterday.

Its cloud segment saw a 23 percent year-over-year growth to 74.57 billion yuan and the international commerce segment climbed by 25 percent to 61.08 billion yuan from an earlier year.

For the last quarter, Alibaba's revenue rose 9 percent to 204.05 billion yuan. Analysts on average had expected revenue of 199.25 billion yuan.

Its net loss widened in the quarter to about 16.2 billion yuan, after the value of its investments fell. Alibaba's annual active users in China surpassed the 1 billion mark, with a total of 1.31 billion annual active users as of March.

Ant Group, Alibaba's fintech affiliate, reported a 1.3 percent rise in profit to about 22 billion yuan for the December quarter.

Source: The Standard

https://www.thestandard.com.hk/section- ... sales-jump

[winston]

vested

Alibaba Group (9988 HK)
4QFY22: Earnings Beat On Higher Advertisement Monetisation; Focusing On
High Quality Growth Going Forward

Alibaba delivered better-than-expected 4QFY22 results.

Revenue grew 9% (3QFY22: 10%) to Rmb204b, in line with our and the street’s estimates.

Customer management revenue was flat yoy with higher advertising monetisation rate.

Non-GAAP net profit was Rmb19.8b, down 24% yoy and beating street estimates by 7% with net margin at just 10%.

Maintain BUY with a lower target price of HK$126.00 (US$123.00).

Source: UOBKH

https://research.uobkayhian.com/content ... 7e48e88cf3

[winston]

vested

Brokers│Views

Jefferies│unique ecosphere has high ROI

Goldman Sachs│QoQ beat rides on ads monetization, local lifestyle service growth

Morgan Stanley│QoQ result beats

UBS│1Q result beats mkt worry

JPMorgan│CN local e-commerce rev outstrips GMV; GPM beats on cost control

Citigroup│QoQ rev, earnings beat; client mgmt rev flat YoY, beats

BOCOM International│QoQ rev beats with possible stress in 1QFY23

Source; AAStocks Financial News

[winston]

vested

Alibaba Group (BABA US / 9988 HK) - Signs of improvement in May; cost optimization the focus

Alibaba’s 4QFY22 results came in better than expectations.

Revenue grew 9% year-on-year (YoY) to CNY204.1b, which was 2% above consensus.

Within China Commerce, CMR was surprisingly resilient, coming in flat YoY, aided largely by advertising revenue.

Non-GAAP PATMI fell 24% YoY to CNY21.5b, which was ahead of consensus by 16%.

Management noted that domestic marketplace gross merchandise value (GMV) registered low-teen YoY decline in Apr, which we believe could thus impact advertising and commissions revenue.

However, there has been an improvement more recently in May as there are signs that fulfillment bottlenecks are starting to ease.

Encouragingly, there appears to be a strong trend this year in terms of merchant enrollment and product offerings for the 6.18 shopping festival.

On costs, management remains focus on cost optimization and control.

Despite the weak macro environment and subdued consumption sentiment, we are encouraged by the recent signs of improvement in express deliveries and the start of normalization in Shanghai.

We expect cost rationalization to help support its earnings outlook as well. Still, we embed more conservative assumptions given the wide range of potential outcomes, which we believe has in part contributed to the lack of guidance by management.

Following adjustments, our FV drops from USD181 to USD148 / HKD 175 to HKD 143. BUY.

Source: OCBC

[winston]

vested

Active cost control amid conservative top-line outlook

Alibaba reported 4Q FY3/22 revenue of Rmb204bn, up 9% yoy, and non-GAAP net
profit of Rmb19.8bn, down 24% yoy, in line with our expectations.

Alibaba saw GMV decrease by more than 10% yoy in Apr, resulting a low single-digit
yoy revenue decline in the month. But management said logistics capability started to
recover in the past two weeks.

We expect 1Q23F revenue to drop by 5% yoy and non-GAAP net profit to drop by 30%
yoy.

Net profit yoy growth should start to recover in 2Q23F, along with the consumption
recovery and Alibaba’s cost-cutting measures.

Reiterate Add with a new DCF-based TP of HK$151.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 5BC98F2191

[winston]

not vested

Ant Group Said to File Preliminary Prospectus in SH, HK in Jul Soonest

The Chinese government leaders have preliminarily given the greenlight to the revival of Ant Group's IPO, Reuters quoted people familiar with the matter.

The Group plans to file the preliminary prospectus at Shanghai and Hong Kong Stock Exchanges as early as next month, subject to the guidance of the China Securities Regulatory Commission (CSRC) on the specific timing for submission of the prospectus.

Prior to this, Ant Group had issued a statement that they have no plan to reignite the IPO plan, while not responding as to whether the plan is approved by the Chinese regulators.

People with the knowledge of the matter indicated that Ant Group intends to keep a low profile before the official announcement of the plan.

Source: AAStocks Financial News

[behappyalways]

An online media report this spring claimed that Alibaba plans to eliminate 80,000 jobs, or 30% of its payroll. Alibaba said the content of the report was exaggerated, but did not deny plans to restructure the company.


Ailing Alibaba tries to heal itself from within
https://asia.nikkei.com/Business/Compan ... rom-within

[winston]

not vested

Alibaba's India unit under probe

Alibaba's (9988) Indian arm is under probe after filing 'fabricated' documents to regulators, according to a report in The Economic Times, an Indian newspaper.

Source: The Standard

https://www.thestandard.com.hk/section- ... nder-probe