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| HSI1 | 26,009.46 | 0.00 | -- |
| HSCEI1 | 8,634.34 | 0.00 | -- |
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2026-08-21 10:51:44 Daiwa issued a research report covering BABA-W (09988.HK), of which 1QFY27 results for the period ended June slightly beat. Adjusted EBITA was 7% above market forecasts, while revenue was largely in line. Management disclosed that growth in AI cloud and computing services will accelerate in the remaining quarters, while losses in the AI laboratory and applications segment were estimated to peak this quarter. The broker reiterated its Buy rating and raised the TP from HKD175 to HKD180. To strengthen its AI strategic focus, Alibaba reorganized its business divisions into Alibaba E-commerce Group, AI Cloud and Compute Services, AI Labs and Applications, and all other businesses. Cloud business growth was forecast to reach 50% in the next fiscal quarter and accelerate further in 3Q and 4Q. The group reiterated its target of reaching USD100 billion in external cloud revenue by 2030. ~ AASTOCKS Financial News Website: www.aastocks.com | |