CMB International: Raises Alibaba-W target price to HKD 171, maintains "Buy" rating
CITIC Securities International released a research report stating that it has raised the target price for Alibaba-W from HKD 165 to HKD 171, an increase of 4%, with a potential upside of 33%, maintaining a "Buy" rating. The report indicated that the group's revenue for the quarter ending in March increased by 7% year-on-year, which was 1% lower than expected. Driven by ongoing efficiency improvements, adjusted EBITA grew by 36% compared to the same period last year. The bank has lowered its revenue forecast for the fiscal years 2026/27 by 2%, and due to increased investment in local businesses, it has reduced its adjusted profit forecast for the fiscal years 2026/27 by 5% and 2%. The group emphasized its continued focus on the strategic priorities of its core business and plans to achieve quarterly profitability for Alibaba International Digital Commerce Group (AIDC) in the fiscal year 2026
According to the Zhitong Finance APP, China Merchants Securities International released a research report stating that it has raised the target price for Alibaba-W (09988) by 4% from HKD 165 to HKD 171, with a potential upside of 33%, maintaining a "Buy" rating. The report indicated that the group's revenue for the quarter ending in March increased by 7% year-on-year, which was 1% lower than expected. Driven by ongoing efficiency improvements, the adjusted EBITA grew by 36% compared to the same period last year. The bank has lowered its revenue forecast for the fiscal year 2026/27 by 2%, and due to increased investment in local businesses, it has reduced its adjusted profit forecast for the fiscal year 2026/27 by 5% and 2%. The group emphasized its continued focus on the strategic priorities of its core business and plans to achieve quarterly profitability for Alibaba International Digital Commerce Group (AIDC) in the fiscal year 2026
