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<Research>CMSI Lifts BABA-W (09988.HK) TP to HKD184, Upbeat on MaaS Annualized Revenue and Margin Improvement Outlook
Recommend 20 Positive 21 Negative 6 |
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CMSI issued a report noting that BABA-W (09988.HK)'s results for the fiscal quarter ended March were below expectations, in wake of mounted investment in quick commerce and other businesses in areas such as AI, consumer subsidies and merchant support, which led to a widening loss. Alibaba possesses a unique full-stack AI leadership advantage, with AI commercialization accelerating. The broker was optimistic about the outlook for MaaS annualized revenue and margin improvement. The broker slightly lowered its earnings forecasts, and expected Alibaba's revenue to grow by 9% and 12% YoY in FY2027 and FY2028, respectively, while non-GAAP net profit was projected to add by 77% and 29% YoY. CMSI maintained its Overweight rating on BABA-W (09988.HK), reiterating it as its top pick in China's internet and AI model sector. The US share TP for Alibaba Group Holding Limited (BABA.US) was raised from USD173 to USD188, while the H-share TP was lifted from HKD170 to HKD184. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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