Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS Forecasts BABA-W 3FQ Rev. to Rise 6% YoY, Adj. EBITA to Remain Flattish at RMB53.3B
Recommend 22 Positive 41 Negative 15 |
||||
|
||||
|
UBS released a research report expecting BABA-W (09988.HK)'s 3FQ25 revenue to rise 6% YoY to RMB275 billion, with adjusted EBITA remaining flattish at RMB53.3 billion. By business segment, the broker forecasted Taobao Tmall Group (TTG)'s GMV to increase 4% YoY, with Alibaba International Digital Commerce (AIDC)'s revenue hiking 30% YoY and EBITA loss widening QoQ to RMB3.5 billion. UBS believed that TTG's progress remains in line with expectations, which should alleviate concerns that its gross margin is being dragged down by user re-investment. In the near term, the Chinese government's plan to broaden trade-in programs should support GMV growth. UBS also believed that the Company still has a lot of value to be unlocked. Therefore, the broker kept rating at Buy, with a target price of US$140 for BABA-W's US stock. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
