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.
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.
Express News | Barclays: Raises alibaba's target price
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
Major bank rating | UBS group: Raise target price for some China internet plus-related stocks, industry's first choice is JD.com
Oct 15th, Guolonghui ubs group stated that although the stock prices of Chinese internet plus-related stocks are expected to fluctuate in the short term, they will eventually return to the fundamentals. Based on internet companies transitioning from heavy investment stages to focusing more on shareholder returns, pe ratios and earnings per share growth have become common valuation indicators for investors. The bank pointed out that the industry pe growth rate is expected to be between 0.8 and 1.4 times from 2021 to 2024. Despite a recent industry stock price increase of 20%, there is still room for further growth within the current 1.1 times pe growth rate, as the market adjusts forecasts under government stimulus policies, China's risk premium reduces, and improved industry competition alleviates pressure for better profits.
Top 20 turnover | Taiwan Semiconductor rose nearly 1%, reaching a new high in stock price; Chinese concept stocks declined, with pdd holdings falling over 6% and Alibaba falling over 2%.
Nvidia ranked first in trading volume on Monday in the US stock market, up 2.43%, reaching a new high stock price, with a trading volume of $32.097 billion; Coinbase, ranked ninth, rose by 11.32%, with a trading volume of $3.463 billion; Taiwan Semiconductor, ranked fifteenth, rose by 0.73%, reaching a new high stock price, with a market cap surpassing the $1 trillion mark at one point during the trading day.