CMB International: Raises Alibaba-W target price to HKD 195, maintains "Buy" rating
Jiangyin International released a research report stating that it has raised the target price for Alibaba-W from HKD 159 to HKD 195 based on SOTP, maintaining a "Buy" rating. The report indicated that the Alibaba Cloud Conference will be held on September 24, where multiple models will be released, including Qwen3-Max, the visual language model Qwen3-VL, and the multimodal model Qwen3-Omni, showcasing breakthroughs in AI technology and ecological layout. Alibaba is actively promoting the previously announced RMB 380 billion AI infrastructure construction and plans to increase investment, expecting that by 2032, the energy consumption of Alibaba Cloud's global data centers will increase tenfold. The bank believes that Alibaba has formed a full-stack layout in chip computing power, applications, and services, which will accelerate the implementation of AI applications in China
According to Zhitong Finance APP, Jiangyin International has released a research report stating that it has raised the target price for Alibaba-W (09988) from HKD 159 to HKD 195 based on SOTP, maintaining a "Buy" rating.
The report indicates that the Alibaba Cloud Conference will be held on September 24, where multiple models will be released, including Qwen3-Max, the visual language model Qwen3-VL, and the multimodal model Qwen3-Omni, showcasing breakthroughs in AI technology and ecological layout. Alibaba is actively promoting its previous investment of RMB 380 billion in AI infrastructure construction and plans to increase investment, expecting that by 2032, the energy consumption of Alibaba Cloud's global data centers will increase tenfold. The bank believes that Alibaba has formed a full-stack layout in chip computing power, applications, and services, which will accelerate the implementation of domestic AI applications
