Alibaba (BABA)/ 9988 HK; Jack Ma 01 (May 08 - Apr 16)

Alibaba (BABA)/ 9988 HK; Jack Ma 01 (May 08 - Apr 16)

Postby winston » Fri May 09, 2008 10:32 am

BROKER CALL Alibaba.com 2008-09 forecast earnings, price target cut - Cazenove

HONG KONG (XFN-ASIA) - Cazenove Asia Ltd lowered forecast earnings for Chinese e-commerce portal Alibaba.com by 9.0 this year and 20.0 pct next year, citing higher operating expenses.

It also downgraded the stock to "underperform" from "outperform" and cut its target price to 12.30 hkd from 20.0 "due to its stretched valuations, impact from the global economic and China export slowdowns, and likely unexciting operating metrics in the second quarter."

"Though we believe that Alibaba will continue to enjoy economies of scale and have room for margin expansion, we believe that the company needs to continuously invest in infrastructure, marketing and channels to sustain its long-term growth," it said.

Cazenove noted that Alibaba's strong profit growth in the first quarter was attributable to lower marketing expenses due to seasonality, a government grant of 15 mln yuan and the high balance of deferred revenues at the beginning of the quarter.

"However, growth in the number of paying members decelerated due to 'Gold Supplier' sales force restructuring and the momentum is not likely to resume until the third quarter this year," it said.

Alibaba.com reported yesterday that its first quarter to March net profit was 301 mln yuan, up 112 pct from 142 mln in the same period of last year, due mainly to an increase in the number of paying users and higher spending per user.

At market close, Alibaba.com was down 0.40 hkd or 2.6 pct at 15.0, off a high of 16.16 hkd.
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Re: Alibaba.com 1688

Postby winston » Tue Jul 08, 2008 3:59 pm

Not vested. Jim Rogers like this company though..

===============================

STOCK ALERT - Alibaba.com hits post-listing low in HK on broker downgrade

HONG KONG (XFN-ASIA) - Alibaba.com (1688.HK) shares fell sharply after Goldman Sachs cut its target price for the Chinese e-commerce firm to 12.0 hkd from 15.0 and kept a "neutral" call on the stock, citing lowered earnings forecasts.

At 3:40 pm, the stock was down 0.55 hkd or 5.4 pct at 9.63, off a low of 9.60 which marks its lowest level since its listing in November 2007.

Goldman revised down its 2008, 2009 and 2010 earnings per share (EPS) forecasts for the company, citing challenging macro-economic conditions, including higher operational costs, tightening credit conditions, yuan appreciation and slowing exports.

The 2008 and 2009 EPS forecasts were cut by 3 pct and 12 pct respectively, to 0.33 hkd and 0.45 hkd, while the 2010 EPS forecast was reduced by 13 pct to 0.64 hkd.
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Re: Alibaba.com 1688

Postby LenaHuat » Tue Jul 08, 2008 7:46 pm

Jim Rogers like this company :!:
I like the place where Alibaba is based : Zhejiang.
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Re: Alibaba.com 1688

Postby winston » Fri Jul 25, 2008 5:12 pm

Alibaba's Ma warns of tough times ahead

Workers of Chinese online retailer Alibaba.com have been warned by the company's founder to brace for difficult times as the global economy struggles.

"The whole economy does not look optimistic. The coming winter will be even longer, even colder and even more complicated than people expect," said Jack Ma, chairman and chief executive of Alibaba.

Ma, in an internal e-mail to rally staff, urged workers to face up to the challenges positively and use them as a learning opportunity.

The company reportedly has US$2 billion (HK$15.6 billion) of cash reserves that may help it through difficult times.


STAFF REPORTER
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Re: Alibaba.com 1688

Postby winston » Wed Aug 27, 2008 10:18 pm

Not vested.

Alibaba Profit More Than Doubles on More China Users By John Liu

Aug. 27 (Bloomberg) -- Alibaba.com Ltd., the owner of China's biggest trading Web site for companies, reported second- quarter profit more than doubled, beating estimates, after luring more Chinese businesses to use its services.

Net income rose to 396.5 million yuan ($58 million) from 153 million yuan a year earlier, the Hangzhou, east China-based company said today. That was 34 percent more than the highest of four analysts' estimates in a Bloomberg survey.

More Chinese companies began using Alibaba's Web site in a bid to boost sales of shoes, toys and other goods to domestic businesses, as economic slowdowns in the U.S. and Europe cooled demand for exports. Chinese retail sales rose the most in at least nine years last month as higher wages fueled consumer spending in the world's fastest-growing major economy, according to government data.

``Only a few of China's small and medium-sized businesses have started using the Web to sell products, which means there is still a lot of room for Alibaba to grow,'' Li Zhongzhi, an Internet analyst at Ping An Securities Co., said before the earnings release. Li, based in Shenzhen, southern China, recommends buying Alibaba shares.

Second-quarter earnings per share rose to 0.0784 yuan from 0.0318 yuan a year earlier, Alibaba said. Sales increased 43 percent to 735 million yuan.

Analyst Estimates

Alibaba was expected to post profit of 287.5 million yuan on sales of 734 million yuan, according to the median of four analysts' estimates.

The stock rose 0.5 percent to close at HK$9.30 in Hong Kong trading. The shares have declined 66 percent this year, compared with a 23 percent fall by the city's benchmark Hang Seng Index. The earnings were released after market hours.

The economic slowdown in the U.S. may make it ``tougher'' for Chinese exporters over the next six to 12 months
, Chief Executive Officer David Wei said in a conference call today.

``Every company is remaining cautious in this uncertain and volatile market,'' Wei said.

Revenue from Alibaba's international Web site, which helps Chinese exporters sell goods to buyers in the U.S., Europe, and other countries, rose 34 percent in the first half, the company said. Sales for its domestic site, which assists companies win orders from local buyers, increased 85 percent.

China passed the U.S. to become the world's biggest Internet market with 253 million Web users at the end of June, according to the state-backed China Network Information Center, which licenses online domain names. The Asian nation may have 406 million Web users by 2010, more than the total population of the U.S., according to Credit Suisse estimates.

The company's parent, Alibaba Group Holding Ltd., is 39 percent owned by Yahoo! Inc., making the U.S. Web portal its biggest single shareholder. Softbank Corp., Japan's third-largest mobile-phone company, is the second-biggest shareholder with a 29 percent stake.
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Re: Alibaba.com 1688

Postby kennynah » Wed Aug 27, 2008 11:07 pm

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Re: Alibaba.com 1688

Postby winston » Tue Nov 11, 2008 5:36 pm

China's Alibaba says Q3 net profit jumps 49 pct

HONG KONG, Nov 11 (Reuters) - Top Chinese e-commerce firm Alibaba.com Ltd (1688.HK: Quote, Profile, Research, Stock Buzz) posted a 49 percent rise in quarterly earnings on Tuesday as more small businesses worldwide turned to the Internet to buy and sell products, but fears of a global recession cloud its profit outlook in 2009.

The firm -- in which U.S. Internet company Yahoo (YHOO.O: Quote, Profile, Research, Stock Buzz) is a key investor -- also said it planned to buy back up to HK$2 billion ($258 million) of its own shares through the end of 2009.

It posted a net profit of 308.6 million yuan ($45.20 million) in the three months ended September, against 207.3 million yuan a year earlier.

However, profit growth at Alibaba, whose shares debuted in Hong Kong last November after an IPO that ranked among the city's most popular ever, slowed from a 159 percent jump in the previous quarter.

Alibaba, which operates an online site connecting importers and exporters of Chinese goods, said its board of directors had authorised the share repurchase programme, which is subject to market conditions.

The stock ended up 0.21 percent at HK$4.8 on Tuesday, sharply lower than its initial public offering price of HK$13.50.

It has plummeted about 83 percent so far this year, lagging a 49.5 percent drop on the broader Hang Seng Index .HSI, amid concerns about its premium memberships and the outlook for the global economy.
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Re: Alibaba.com 1688

Postby kennynah » Wed Nov 12, 2008 1:51 am

this company still around ah ? amazing :roll:
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Re: Alibaba.com 1688

Postby blid2def » Wed Nov 12, 2008 2:23 am

For a B2B portal, they've certainly got a very luan site.
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Re: Alibaba.com 1688

Postby winston » Fri Mar 20, 2009 7:59 am

Jim Rogers was very interested in this counter b4..

==================================================================

Alibaba misses estimates as export demand declines

Alibaba.com, operator of China's biggest trading website, posted full-year profit that missed analyst estimates as falling demand for exports slowed sales growth at its international division.

Net income increased to 1.2 billion yuan (HK$1.35 billion), from 967.8 million yuan a year earlier, the Hangzhou-based company said yesterday. That compares with the 1.26 billion yuan median estimate in a Bloomberg survey. Sales rose to 3 billion yuan from 2.16 billion yuan.

China's exports fell by a record 26 percent last month as the deepening global recession dampened demand for toys, clothing, shoes and electronics.

Chief executive David Wei will spend US$30 million (HK$234 million) this year to market Alibaba's website outside China to support demand for exporters that use the company's services.

"We believe the fundamental challenges of the export slowdown will continue to drag on," d**k Wei, an analyst at JP Morgan, wrote in a February 12 report. Higher marketing spending will hurt Alibaba's profit margins, said Wei.

Revenue from the International Marketplace division rose 23 percent to 1.91 billion yuan, slowing from the 56 percent growth in 2007, Alibaba said.

Alibaba shares, which rose 3.8 percent to HK$8.20 before the earnings announcement, have jumped 47 percent this year, compared with an 8.7 percent drop in the Hang Seng Index. BLOOMBERG
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