Official announcement! Alibaba will be included in the Hang Seng Stock Connect Hong Kong Index starting from October 28th.
In the past 90 days, a total of 15 investment banks have given alibaba a buy rating, with an average target price of 106.35 Hong Kong dollars.
Express News | Alibaba Down 4.6%, Bilibili Down 6.7%, Tencent Music Entertainment Down 4.8%
Express News | Barclays: Raises alibaba's target price
HK stocks abnormal movement | Hang Technology Index widened its decline by more than 5% at the closing, all heavyweight technology stocks plummeted, Alibaba-W (09988) fell by nearly 6%.
Hengke's late decline expanded by more than 5%, among the constituent stocks, heavyweight technology stocks all suffered heavy losses, as of the time of writing, alibaba-W (09988) fell by 5.75%, closing at 99.15 Hong Kong dollars; Tencent (00700) fell by 5.09%, closing at 413.8 Hong Kong dollars.
Major banks' ratings | Goldman Sachs: China's internet-related valuations are still reasonable. Reiterate Tencent as the industry's top choice.
格隆汇October 15th | Morgan Stanley's report pointed out that the valuation of China's internet industry is still reasonable. Due to the time required for supportive policies to be converted into consumer and business confidence, it is believed that the potential upside in profit forecasts for the second half of this year to next year is still uncertain, even for certain cyclical sectors. Revenue growth forecasts for China's internet industry in 2025 remain unchanged, with the firm expecting a 7% increase in mainland e-commerce commodity transactions (GMV), an 8% increase in advertising revenue, a 19% increase in total local service transactions (GTV), and a 12% increase in online travel agency (OTA) revenue. The firm's industry preferences are ranked in the following order.
Guotai Junan Securities International raised Alibaba (BABA.US) target price to $133.8, expecting a year-on-year 8% decline in net profit in the next fiscal quarter to 36.8 billion RMB under non-GAAP accounting standards.
China CITIC International released a report stating that it is expected Alibaba-W (09988.HK) will see a 6% year-on-year increase in revenue to 238.3 billion RMB in the second quarter of the 2025 fiscal year, while non-GAAP net profit will decrease by 8% to 36.8 billion RMB, meeting market expectations. At the group level, EBITA fell by 6% year-on-year to 40.4 billion RMB, indicating an adjusted EBITA profit margin of 17%, down from 19.1% in the same period last year. Even in the situation of weakened consumer sentiment, Alibaba's management is still committed to investing in improving the user experience of its core 88VIP user group, believing it will help maintain