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2026-05-14 18:08:28 CMSI issued a report noting that BABA-W (09988.HK) reported results for the quarter ended March that fell short of expectations, mainly due to increased investment in instant retail and other businesses in areas such as AI, consumer subsidies and merchant support, leading to wider losses. The report said the company is leveraging its unique full-stack AI leadership advantage to accelerate AI commercialization, and it is optimistic about the outlook for MaaS annualized revenue and margin improvement. The broker slightly lowered its earnings forecasts and overall expects Alibaba's group revenue to grow 9% YoY and 12% YoY in fiscal years 2027 and 2028, respectively, with non-GAAP net profit increasing 77% YoY and 29% YoY. CMSI maintained its Overweight rating on Alibaba and reiterated it as its top pick in China's internet and AI model sector. The US share TP for Alibaba Group Holding Limited (BABA.US) was raised from USD173 to USD188, while the H-share TP was lifted from HKD170 to HKD184. (da/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |