GO
| HSI1 | 25,962.73 | -426.31 | 325.39B |
| HSCEI1 | 8,691.03 | -167.60 | 91.91B |
| Back Zoom + Zoom - Block Traded | |
|
2026-05-15 12:43:55 JP Morgan upgraded its structural 12-month conviction on BABA-W (09988.HK). Alibaba disclosed that for the latest fiscal quarter ended March, external cloud revenue growth accelerated to 40%, while the ARR of MaaS grew from over RMB8 billion and was expected to reach RMB30 billion by year-end. In addition, guidance for the cloud business EBITA margin will rise from 9% to double digits over the next one to two quarters, solidifying Alibaba Cloud's position as the largest AI and cloud franchise in China. However, the market is still valuing Alibaba as a traditional e-commerce company, implying that the value of its cloud business has yet to be fully priced in. JPMorgan raised its FY2027 and FY2028 adjusted EPS forecasts for Alibaba by 4% and 3%, respectively, to reflect improved cloud margin prospects. The broker lifted the H-share TP for BABA-W (09988.HK) from HKD195 to HKD200 and hiked the US-share TP for Alibaba Group Holding Limited (BABA.US) from USD200 to USD205, maintaining an Overweight rating on both. ~ AASTOCKS Financial News Website: www.aastocks.com | |