GO
| HSI1 | 24,175.12 | +144.94 | 339.59B |
| HSCEI1 | 8,039.19 | +41.90 | 95.13B |
| Back Zoom + Zoom - Block Traded | |
|
2026-07-09 16:52:49 Losses from BABA-W (09988.HK)'s food delivery and quick commerce investments narrowed rapidly, while cloud revenue growth accelerated, JPMorgan published a research report saying. In addition, during the Lunar New Year period, increased user acquisition spending for Qwen led to a QoQ reduction in losses from other businesses. Therefore, the broker raised its FY2027 adjusted EPS forecast for the company by 2%, marking the first upward revision to Alibaba earnings forecasts since May 2025. It estimated Alibaba's 1QFY27 results to beat market expectations. The broker maintained its Overweight rating on Alibaba Group Holding Limited (BABA.US) and BABA-W (09988.HK), with target prices of USD205 and HKD200 respectively. The broker lowered its FY2027 total revenue forecast by 1% to reflect weaker-than-expected macro and consumer conditions, but raised its FY2028 forecast by 3% to reflect solid growth prospects for cloud revenue. ~ AASTOCKS Financial News Website: www.aastocks.com | |