Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Dec 20)

Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 19)

Postby winston » Sat Oct 12, 2019 9:47 am

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Alibaba

This continues to be among the most bought tech stocks on Wall Street.

Alibaba Group Holding Ltd. (NYSE: BABA) runs the largest retail marketplaces (Taobao, TMall) and leading B2B sites (Alibaba.com, 1688.com) in China and Lazada in Southeast Asia.

It collects revenues mainly from commissions, marketing services, subscription fees, cloud computing and software, as well as other value-added services.

Alibaba has gone beyond e-commerce and developed into a sophisticated new type of conglomerate in the cyber-era with e-commerce as the base for the rest of the four businesses: 1. Logistics
2. Finance
3. Data-computing and
4. Cross-border infrastructure.

Top analysts expect a whopping 24% compounded annual growth rate between now and 2020 for e-commerce in China.

The Raymond James price target for the stock is a stunning $280, while the posted consensus target price is $224.34.

Source: Raymond James
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 19)

Postby winston » Fri Nov 15, 2019 3:56 pm

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<Research Report>Daiwa: Alibaba's 2nd Listing in HK; Reiterated Buy

BABA-SW (09988.HK), filing a second listing in Hong Kong, plans to issue 500 million shares, Daiwa said in its report.

Given the closing price of Alibaba’s ADS on 13 November, it represented HKD178.6 per share, raising total proceeds of HKD89.3 billion (approximately USD11.4 billion).

Upon completion of listing, BABA-SW's shares listed in Hong Kong and the US can be converted into one another.

The rating was reiterated at Buy with a 12-month target price of USD240 (approximately HKD1,879.32).

Source: AAStocks Financial News
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Tue Mar 03, 2020 2:00 pm

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<Research Report>CICC Cites BABA-SW Mgmt: E-commerce Biz Gradually Recovering; Supply Chain Normalization Takes Time

BABA-SW (09988.HK)'s management claimed its core e-commerce business is recovering gradually, with Taobao DAU rising to 239 million during 17-23 February, cited by CICC.

However, BABA-SW believed more time is needed for the supply chain to normalize, particularly when it comes to logistics.

The broker maintained the US-listed Alibaba at Outperform, with a target of US$254, yet it did not provide any target price and rating for the HK-listed stock.

AAStocks Financial NewsSource
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Tue Mar 24, 2020 8:16 am

Alibaba sinks 7pc in selloff as Fed vows unlimited QE

by Kevin Xu

SoftBank said it is selling or monetizing up to 4.5 trillion yen (HK$310 billion) in assets to buy back 2 trillion yen of its shares and reduce debt.

Given fragile markets SoftBank may look to sell its stakes in the merged Sprint and T-Mobile US or Chinese e-commerce giant Alibaba, Redex Holdings analyst Kirk Boodry said.

CEO Masayoshi Son previously monetized part of the stake in Alibaba, of which SoftBank currently owns 25 percent, in a complicated transaction ahead of the 2016 purchase of chip designer Arm.


Source: The Standard

https://www.thestandard.com.hk/section- ... limited-QE
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Wed May 13, 2020 8:57 am

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If you could buy only one ecommerce stock, this would be it — and it’s not Amazon

By Nigam Arora

Alibaba, whose shares have slipped this year, is a good value for a large internet retailer

Source: Market Watch

https://www.marketwatch.com/story/if-yo ... yptr=yahoo
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Sat May 23, 2020 8:26 am

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Alibaba revenue, profit beat as online sales surge during lockdown

(Reuters) - Alibaba Group Holding (9988) reported fourth-quarter revenue and profit that topped market expectations, as the COVID-19 lockdowns drove more people to shop online for essentials.

As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company's core commerce business rising nearly 19 percent to 93.87 billion yuan (HK$103.64 billion) in the quarter.

Revenue at its cloud computing business surged about 58 percent.

With China's economy starting up again much ahead of major economies in Europe and the United States, the e-commerce giant said it expects to generate over 650 billion yuan in revenue in fiscal 2021.

The company has been pushing into new businesses and technologies as online shopping space heats up with competition from smaller rival JD.com Inc and Pinduoduo Inc, which is popular with residents in China's lower-tier cities.

Last week, JD.com forecast second-quarter revenue above analysts' estimates after an upbeat quarter, riding on a surge in online orders for groceries and daily goods.

Alibaba's overall revenue rose to 114.31 billion yuan in the quarter ended March 31 from about 93.50 billion yuan a year earlier.

Analysts had expected revenue of 107.04 billion yuan, according to IBES data from Refinitiv.

Excluding items, the company earned 9.20 yuan per American Depository Share. Analysts were expecting 6.10 yuan per ADS, according to Refinitiv data.

Source: The Standard

https://www.thestandard.com.hk/breaking ... g-lockdown
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Mon May 25, 2020 12:48 pm

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Alibaba Group (BABA US)
4QFY20: In-line Results; FY21 Revenue Growth Guided At 28% yoy


Alibaba reported a solid set of 4QFY20 results.

Top-line grew by 22% yoy to Rmb114.3b in 4QFY20, beating consensus and our estimates by 7% and 5% respectively.

NonGAAP net income was Rmb22.3b, an increase of 11% yoy, beating consensus by 36%, on one-time disposal gain.

Non-GAAP EPS was Rmb9.2, above consensus estimate of Rmb6.07.

Company has guided for FY21 total revenue to be over Rmb650b (c.28% yoy growth).

Maintain BUY, with target price unchanged at US$240.00.

Source: UOBKH

https://research.uobkayhian.com/content ... e2694489e3
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Mon May 25, 2020 12:58 pm

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<Research Report>BofAS Trims BABA-SW (09988.HK) TP to $235; Rated Buy

BofA Securities mentioned in its report that BABA-SW (09988.HK) management expects over RMB650 billion in annual revenue for the year ended March 2021, up 28% yearly and largely in-line with street forecast.

The broker restated Buy on BABA-SW, for its stable growth outlook and cutting-edge position in cloud, at the target price $235, trimmed from $244, with 2021E/ 2022E EPS revised down by 3.9%/ 7.8% to $4.14/ $5.65.

Source: AAStocks Financial News
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Mon May 25, 2020 12:59 pm

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<Research Report>JPM Raises Alibaba (BABA.US) TP to US$295; Rated Overweight

Alibaba (BABA.US)'s price slipped 6% post quarterly results mainly on the ADR bill dispute and Hong Kong national security law.

JPMorgan was rather positive on Alibaba's FY21 earnings growth outlook, seeing resilient retail performance in China and Ant Financial's vigorous earnings growth.

Alibaba was rated at Overweight, with target lifted from US$280 to US$295.

Source: AAStocks Financial News
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Re: Alibaba (BABA) / Jack Ma 02 (May 16 - Dec 20)

Postby winston » Mon May 25, 2020 1:00 pm

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<Research Report>Citi Lifts BABA-SW (09988.HK) TP to $299; Rated Buy

Citigroup kept BABA-SW (09988.HK) at Buy, lifting its target from $275 to $299.

The firm delivered a 4QFY20 result beat, where revenue of RMB114 billion (+22% YoY) was 8.2%/ 6.8% above the broker's forecast/ consensus.

Looking ahead, the broker regarded BABA-SW's FY21 revenue guidance of RMB650 billion as solid and a relief to market worries under macro, epidemic, subsidy measures and competitive landscape.

Source: AAStocks Financial News
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