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

[winston]

not vested

Alibaba swings to a fourth-quarter loss after swallowing US$2.8 billion antitrust fine

Sales increased 64 per cent to 187.4 billion yuan, in line with analysts’ estimates

The company swung to a loss of 7.65 billion yuan, after paying out US$2.8 billion in fines to the State Administration for Market Regulation (SAMR)

Full-year revenue rose 41 per cent to 717.3 billion yuan. The company has projected full-year revenue to jump 82 per cent to a record 930 billion yuan.

The Alibaba Ecosystem generated a record US$1.2 trillion in gross merchandise volume (GMV).

Active consumers on the company’s e-commerce retail platforms rose 41 per cent in Alibaba’s last financial year to 811 million users.

Alibaba is China’s largest provider of cloud computing services. The division’s revenue grew 50 per cent last year to 60.12 billion yuan, driven by customers in the internet, public sector and financial industries, with the quarter’s growth increasing 37 per cent to 16.76 billion.

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... 9c827&tc=2

[winston]

not vested

Alibaba Targets 30% Revenue Growth After First Loss Since 2012

by Coco Liu

It could continue to benefit from the accelerated user and merchant adoption of its online grocery shopping, cloud computing and remote-work applications in the aftermath of the pandemic.

Longer-term sales and profit growth could be driven by global expansion and the monetization of newer business segments such as logistics, media and entertainment.

Beijing is debating how it will regulate control and ownership of online data, core to Alibaba’s competitive advantage.

And finally, the government is said to be considering whether to compel Alibaba to shed media assets that have supported its brand.

The stock is down 31% from its October peak.

Pinduoduo Inc. reported 788 million annual active buyers last quarter, dethroning Alibaba as China’s biggest e-commerce operator by consumers for the first time ever.

Source: Bloomberg

https://finance.yahoo.com/news/alibaba- ... 49166.html

[winston]

not vested

Where to Buy Alibaba on Its Earnings Drop

Alibaba is hitting new 2021 lows after reporting earnings. Here's the potential support level we're keeping an eye on.

by BRET KENWELL

Keep an eye on $212. Below keeps $200 in play. Above it and we may have a low to trade against.

Source: The Street

https://www.thestreet.com/investing/ali ... ngs%2BDrop

[winston]

vested

Alibaba Group (BABA US)
4QFY21: Fair Endgame To FY2021; Another Year Of Investment Ahead

Alibaba reported strong 4QFY21 results with revenue up 64% yoy to Rmb187.4b in line
with our and street estimates.

The company registered an operating loss of Rmb7.7b following the Rmb18.2b fines from the SAMR (but it was reversed from the non-GAAP line).

Non-GAAP net profit was Rmb26.2b, rising 18% yoy, 11% below the consensus estimate.

Management guided revenue of Rmb930b in FY22, representing 30% yoy growth.

Maintain BUY with a lower target price of US$313.00 (HK$304.00).

Source: UOBKH

https://research.uobkayhian.com/content ... 1e890417ca

[winston]

ALIBABA GROUP (BABA US / 9988 HK)
vested

Recommendation : BUY
Fair Value : USD 288.00 (BABA US) / HKD 279.00 (9988 HK)

GETTING INTO A BIG INVESTMENT CYCLE.

Mixed set of 4QFY21 results though revenue guidance for FY22 broadly in-line with expectations

Significant re-investments ahead to grow multiple businesses, though not without near-term pressure on profitability

Encourage investors to take the long-term view; FV of USD288 (from USD317) (BABA US) ; FV of HKD279 (from HKD307)(9988 HK)

While the past two decades have been characterized by the rapid development of e-commerce, Alibaba’s earnings growth in the next decade will be driven by monetising user engagement across its ecosystem, which covers almost the entire consumption journey – from the online marketplace to logistics, payments and cloud services.

With its leadership in e-commerce and cloud services, Alibaba is well positioned to benefit from the trend of accelerated digitalisation post COVID-19.

Source: OCBC

[winston]

vested

Valuation

We lowered FY22/23F core earnings by 16%/18% and revised our TP from HK$348 to HK$293 based on our unchanged SOTP methodology.

Maintain BUY.

Source: DBS

https://www.dbs.com.sg/treasures/aics/s ... 988_HK.xml

[winston]

vested

Brokers' Post-Result Ratings, TPs, Views on BABA-SW (09988.HK) (Table) (Update)

Brokers│Ratings│TPs (HK$)
Macquarie│Outperform│359->329
Jefferies│Buy│328
Goldman Sachs│Buy (CL Buy)│340->321
Citigroup│Buy│328->297
JPMorgan│Overweight│310->295
DBS│Buy│348->293
Daiwa│Buy│300->290
HSBC Global Research│Buy│293->281
BofA Securities│Buy│293->278
CICC│Outperform│304->275
Deutsche Bank│Buy│318->274
Credit Suisse│Outperform│304->251

Related NewsBABA-SW (09988.HK) 4Q Non-GAAP Net Income Up 18% to RMB26.216B

--------------------------------------------------------
On Alibaba Group Holding (BABA.US) +3.525 (+1.711%)

Brokers│Ratings│TPs (US$)
Macquarie│Outperform│388->354
Jefferies│Buy│336
Goldman Sachs│Buy (CL Buy)│350->330
Citigroup│Buy│338->306
DBS│Buy│358->301
JPMorgan│Overweight│320->300
Morgan Stanley│Overweight│300
UBS│Buy│300
HSBC Global Research│Buy│300->288
Nomura│Buy│325->285
BofA Securities│Buy│301->285
Deutsche Bank│Buy│327->282
CICC│Outperform│311->282
Haitong International│Outperform│275
Credit Suisse│Outperform│260

--------------------------------------------------------
Brokers│Views

Related NewsCICC Predicts TENCENT, BABA-SW, MEITUAN-W to Have Sharpest Weighting Cut in MSCI HoH Review

Macquarie│Aggressive investment plans negative to Baba's peers
Citigroup│QoQ rev. beats
Jefferies│May hit 1B YAUs target in Chinese consumer market
Goldman Sachs│Expanding market shares by aggressive investments
Nomura│Rev. beats; profit margin misses
JPMorgan│Enters major investment cycle; market may react negatively
DBS│Expanding investment for long-term added value
Morgan Stanley│Committed to investment; lays ground to 2B YAUs target worldwide
UBS│Executives reiterate to make aggressive investments this year
HSBC Global Research│Revises down FY22E earnings by 15%
BofA Securities│Investment plan helps maintain market shares
Deutsche Bank│Revises down FY22E adjusted EBITDA by 20%
CICC│Further investment plan may favor mid-to-long term development
Credit Suisse│QoQ results in-line; future investment plan smothers near-term earnings outlook
Daiwa│Expenditure expands; risk-reward enticing

Source: AAStocks Financial News

[winston]

vested

Alibaba Cloud Buildout Hindered in CN, Loses Major Client ByteDance: Rumor

BABA-SW (09988.HK)'s cloud-computing unit finds it harder and harder to win Chinese government contracts amid keener sector competition and stricter government regulation, WSJ citing insiders.

A major client ByteDance has stopped storing overseas business data on Alibaba Cloud in recent months, buying servers from BABA-SW instead.

Source: AAStocks Financial News

[winston]

vested

BABA-SW Shareholder(s) Place 14.2M Shrs at 1% Discount: Wire

BABA-SW (09988.HK)'s shareholder(s) placed 14.2 million shares of the company at $206 per share, representing a discount of approximately 1% to the closing price as quoted on the last trading day, cashing in $2.93 billion, Bloomberg reported.

Source: AAStocks Financial News

[winston]

vested

Alibaba Stock: First Impressions Can Be Deceiving

Alibaba’s 187.4 billion RMB ($28.6 billion) revenue greatly surpassed expectations of 180.4 billion RMB.

This represented a revenue growth rate of 64% year-over-year.

The company’s logistics business grew by 101%, its core commerce business grew by 72%, and its cloud computing division grew by 37% year-over-year.

Alibaba’s cloud computing segment has recently become profitable.

Out of 26 analyst ratings, there are 25 Buy recommendations and 1 Hold recommendation.

As for price targets, the average analyst price target is $304.55. Analyst price targets range from a low of $270.00 per share to a high of $350.00 per share.

Source: TipRanks

https://finance.yahoo.com/news/alibaba- ... 23386.html