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<Research>UOB Kay Hian Expects BABA-W (09988.HK) 4QFY26 Results Tepid; Rating Buy Kept
Recommend 23 Positive 34 Negative 7 |
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UOB Kay Hian, in its research report, forecast BABA-W (09988.HK) to deliver tepid 4QFY26 results. The narrowing losses in its quick commerce were expected to be offset by softer core commerce growth amid weaker online retail performance in March. Growth in Alibaba Cloud is likely to remain solid and broadly in line with expectations. However, owing to sustained investment in AI and marketing, losses in the "All Others" segment may exceed expectations, thereby weighing on overall profitability. UOB Kay Hian maintained its Buy rating on BABA-W, with a TP of HKD192 for its Hong Kong shares and a TP of USD196 for its Alibaba (BABA.US) US shares. Auto-translated by AI AASTOCKS Financial News |
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