GO
| HSI1 | 24,718.10 | +468.81 | 316.44B |
| HSCEI1 | 8,374.43 | +157.35 | 90.88B |
| Back Zoom + Zoom - Block Traded | |
|
2026-06-11 11:57:42 BABA-W (09988.HK) share price has deteriorated 22% year to date, owing to downward revisions to earnings forecasts driven by increased investment in consumer AI, Goldman Sachs said in its report. The broker forecast the downward revision cycle for the company’s EPS to bottom out, with earnings performance likely to improve in 2H, which should bolster the share price. It maintained a Buy rating and a TP of HKD180 on BABA-W. The broker was bullish on BABA-W’s leadership in AI+cloud businesses and expected cloud revenue growth to further accelerate. It forecast that AI-related products will contribute 50% of external cloud revenue within one year. Goldman Sachs believed the company’s valuation has yet to fully reflect its full-stack AI positioning and the potential of its international cloud business. While CMR may be affected by slower retail sales in 2Q, losses in other businesses may gradually narrow, helping stabilize earnings. ~ AASTOCKS Financial News Website: www.aastocks.com | |