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<Research>Nomura Elevates Alibaba Group (BABA.US) TP to US$237, Keeps Buy Rating
Recommend 23 Positive 45 Negative 17 |
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It is reported that Alibaba Group Holding (BABA.US) planned to spin off its semiconductor chip business, T-Head, for a separate listing, Nomura published a research report saying. Although the Company has not officially confirmed the news, analysis suggests that the possibility of an IPO for T-Head is quite high. Therefore, the broker elevated its target price for Alibaba Group Holding's US stock from US$193 to US$237, with rating kept at Buy. Nomura also believed that T-Head can be considered alongside Baidu (BIDU.US)'s Kunlunxin and CAMBRICON (688256.SH) as one of Chinese top chip designers. AAStocks Financial News Website: www.aastocks.com |
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