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2025-03-07 11:20:12 BABA-W (09988.HK)'s higher capital expenditure relative to its peers will enable it to gain market share in the cloud business in the coming years, continuing to drive re-rating for its cloud business, Daiwa released a research report saying. Daiwa raised its FY2025-FY2027 EPS forecasts for BABA-W by 1-3%, taking into account the cloud revenue growth and cross-selling opportunities, and reiterated rating at Buy on the stock. The broker also lifted its target price for BABA-W's H-shares to $175 from $165. ~ AAStocks Financial News Web Site: www.aastocks.com | |