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<Research>CLSA Forecasts Alibaba (BABA.US) Last Qtr Rev. Growth to Improve to 5.5% YoY, Rating Kept Outperform
Recommend 34 Positive 49 Negative 22 |
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CLSA has issued a report predicting Alibaba (BABA.US)'s last quarter revenue to reach RMB275 billion with YoY growth enhancing to 5.5% on the back of a rebound in Taobao and Tmall's GMV and CMR following the trade-in policy and monetization improvements. In addition, the company's international e-commerce continued sturdy growth as AliExpress deepened user penetration and the e-commerce platform Trendyol expanded its reach geographically. AliCloud may also resume double-digit growth with strong demand for AI products. CLSA kept an Outperform rating on Alibaba with a target price of US$125. AAStocks Financial News |
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