[ET Net News Agency, 11 January 2021] Jefferies Research cut its target price for
Alibaba Group Holding (09988) to HK$318 from HK$363 and reiterated its "buy" rating.
The research house expects Alibaba continues to enhance user experience during the
quarter with initiatives such as the upgrade of Taobao app, Taobao Deals, live-streaming
and others amidst peak season during double-11.
Jefferies expects it to invest and promote existing and new initiatives with ROI
strategies, with synergies across different units. Solid results achieved in Double-11 and
business is normal on recent developments.
For the December quarter, Jefferies estimated total revenue to grow 31% to RMB212bn.
Core e-commerce revenue (88% of total) is expected to grow 32% to RMB187bn, mainly driven
by China retail marketplace. (KL)
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09988 BABA-SW
Nominal 
72.500 +2.700 (+3.868%) Research Report
11/01/2021 16:23
{I-bank focus}Jefferies cuts Alibaba (09988) to HK$318
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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