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

[behappyalways]

監管有望告終! 馬雲放棄螞蟻集團在內多企業實控權｜方念華｜FOCUS全球新聞 20230109@tvbsfocus
https://m.youtube.com/watch?v=_MOAT64WMlY

[winston]

Is The Great Alibaba Recovery About To Begin?

by SAM QUIRKE

Key Points
Alibaba shares are up 100% from their lows.
Tailwinds are starting to emerge.
The risk of delisting is becoming less and less.

Source: Market Beat

https://www.marketbeat.com/originals/is ... 4A8F75D6B5

[winston]

Alibaba may retreat amid fresh regulatory curbs

Alibaba's (9988) shares may retreat in the near future after a recent surge as regulatory risks for Chinese tech firms still linger with the government showing no signs of relaxing its oversight of the tech industry.

Financial news outlet Caixin reported that Alibaba and its financial affiliate Ant Group have set up three corporate Chinese Communist Party committees, which include more than 150 party branches altogether.

And Chinese government entities have acquired minority stakes with special rights in two domestic units of Alibaba, business registration records showed.

Meanwhile, discussions were also under way for the government to take golden shares in gaming giant Tencent (0700), according to a report in the Financial Times.

And earlier this month, Alibaba signed a cooperation agreement with the government of Hangzhou, where the company is headquartered.

All these moves might lead to a short-term adjustment of Alibaba's recent gains, analysts said.

However, some analysts said China's acquisition of so-called "golden shares" in Alibaba's units can be helpful to its prices since it also reduces regulatory uncertainties.

These golden shares - usually a stake of about one percent of a firm - are bought by government-backed funds or companies which gain board representation or veto rights for key business decisions.

"I believe the news is positive to Alibaba's share prices as it provides a clearer picture of what regulation will be like. But it also indicates a greater state influence and may have mixed impacts on business operations," said Kenny Ng Lai-yin, a strategist at Everbright Securities International.

Investors have started to focus more on the fundamentals of tech firms following China's zero-Covid exit and vow to end a crackdown on the sector, Ng said.

Meanwhile, Alibaba called an FT report that the e-commerce giant has been paying scholars to lobby the authorities to relax regulations a "misleading premise."

Source: AP

https://www.thestandard.com.hk/section- ... tory-curbs

[winston]

Alibaba sells $972m stake in payments firm

Sold a stake of 3.1 percent in Indian digital payments firm Paytm for the equivalent of HK$972.5 million through a block deal.

Alibaba, which held a 6.26 percent stake in Paytm at the end of September, sold the stake at 536.95 rupees apiece.

Source: Reuters

https://www.thestandard.com.hk/section- ... ments-firm

[winston]

vested

BABA(9988)

Analysis：

For the third quarter 2022, the group`s revenue amounted to RMB 207.2 billion, representing an increase of 3% YoY.

Operating profit amounted to RMB 25.1 billion, representing an increase of 68% YoY.

Adjusted EBITDA amounted to RMB 43.3 billion, representing an increase of 24% YoY.

China`s NPC and CPPCC are approaching. Following the general direction of the Central Economic Work Conference last December, it is expected to introduce policies to support the real economy in order to improve the consumption expectations of mainland citizens, stimulate the domestic demand market and support the development of high-tech.

Alibaba has both domestic demand and technological attributes and will benefit from related concepts.

Strategy：
Buy-in Price: $95.20, Target Price: $107.40, Cut Loss Price: $88.70

Source: Phillips

[winston]

vested

Alibaba Group Announces December Quarter 2022 Results

Revenue: +2%
EPS +15%

Source: Business Wire

https://www.businesswire.com/news/home/ ... %20segment

[winston]

vested

Alibaba profit dives 55pc to 32.7b yuan

Alibaba (9988) saw its net profit for 2022 plunge by 55 percent year-on-year to 32.76 billion yuan (HK$37.25 billion), mainly due to a net loss of 20.56 billion yuan in the third quarter of last year.

Revenue rose 2 percent to 247.76 billion yuan for the three months ended December 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.

Meanwhile, its net profit experienced a surge of 69 percent, amounting to 46.82 billion yuan.

Toby Xu, the chief financial officer of the company, said that during the last quarter, they repurchased 45.4 million American Depositary Shares (equal to 363.3 million ordinary shares) for about US$3.3 billion (HK$25.7 billion) under their share repurchase program as part of the ongoing commitment to improving their shareholder return.

Source: Reuters

https://www.thestandard.com.hk/section- ... 32.7b-yuan

[winston]

vested

BABA: Consumption, Biz Confidence Picking up; Future Focus on 3 Strategies

China's ecommerce still faced headwinds during the Lunar New Year, said BABA-SW (09988.HK) Chairman and CEO Daniel Zhang.

Regardless, given the relaxation of COVID policy and the end of COVID peak, consumer and business confidence are picking up.

As the entire supply chain and industrial chain have become active, the group's various businesses have manifested a positive trend.

BABA will anchor on three strategies in long run:
1.. Consumption
2. Cloud computing and
3. Globalization

Among which, cloud computing is one of the group's future-oriented core strategies.

With the ongoing development of technology, the demand for computing power entailed by material-generated AI and VR will grow geometrically.

Related News: M Stanley: Investors Worry JD Easing Growth, with Potential Margin Pressure on Higher Subsidies

BABA added that it has so far no plan to expand the share repurchases plan and that it still has over US$21 billion of usable quota.

Most importantly, the company said the repurchase should be implemented at the optimal time.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

[winston]

vested

Alibaba Group Holding reported better-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefited from the country easing Covid-19 curbs.

The company has weathered a weak economy in China, which only last December lifted its zero-Covid policy after three years.

Revenue rose 2 per cent to 247.76 billion yuan (S$48.2 billion) for its fiscal third quarter to Dec 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.

Source: Phillips

[winston]

vested

Alibaba Group (9988 HK)
3QFY23: Solid Earnings Beat; Consumer Sentiment Picked Up Since Feb 23

Alibaba delivered better-than-expected 3QFY23 results.

Revenue came in at Rmb247.8b, growing by 2% yoy, 1% above the street estimates.

Group adjusted EBITA grew 16% yoy to Rmb43.8b on cost reduction.

Non-GAAP net profit was Rmb49.9b, up 12% yoy and beating street estimates by 12%, with net margin improving sequentially to 20.2%.

Maintain BUY with a higher target price of HK$151.00 (US$146.00).

Source: UOBKH

https://research.uobkayhian.com/content ... d54d17e360