Understanding the Market | Alibaba-W fell over 4%, will release first quarter results tomorrow, market worries about the impact of flash sales on profits
Alibaba-W fell over 4%, as of the time of writing, down 4.03%, reported at HKD 116.6, with a transaction volume of HKD 7.581 billion. In terms of news, Alibaba plans to hold a board meeting on August 28 to approve the unaudited performance and performance announcement for the three months ending June 30, 2025, among other proposals. The company will announce its performance on August 29. CMB International previously lowered the group's profit for the first quarter by 23%, with profit pressure mainly due to increased investment in flash sales. It is expected that the group's adjusted EBITA will decline by 15% year-on-year to HKD 38.4 billion, corresponding to a profit margin of 15.3%, a year-on-year decrease of about 3 percentage points. Tianfeng Securities stated that it expects the company's revenue to grow steadily in FY26Q1, while profits may be affected by flash sale subsidies. This quarter, overseas tech giants' capital expenditures exceeded expectations, and the firm believes that AI demand remains strong, expecting the company's cloud business to maintain high growth rates this quarter
According to Zhitong Finance APP, Alibaba-W (09988) fell over 4%, down 4.03% to HKD 116.6 as of the time of writing, with a trading volume of HKD 7.581 billion.
In terms of news, Alibaba plans to hold a board meeting on August 28 to approve the unaudited results for the three months ending June 30, 2025, and other proposals related to the performance announcement. The company will announce its results on August 29. CMB International previously lowered its forecast for the group's profit in the first quarter by 23%, with profit pressure mainly due to increased investment in flash sales. It is expected that the group's adjusted EBITA will decline by 15% year-on-year to 38.4 billion yuan, corresponding to a profit margin of 15.3%, a decrease of about 3 percentage points year-on-year. Tianfeng Securities stated that it expects the company's revenue to grow steadily in FY26Q1, while profits may be affected by flash sale subsidies. This quarter, overseas tech giants' capital expenditures exceeded expectations, and the firm believes that AI demand remains strong, expecting the company's cloud business to maintain high growth rates this quarter
