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10/01/2024 14:31

{I-bank focus}Daiwa lowers Alibaba (09988) to HKD108

[ET Net News Agency, 10 January 2024] Daiwa lowered its target price for Alibaba
(09988) to HKD108 from HKD114 and maintained its "buy" rating.
The research house said it revises down estimate of Alibaba's 3Q FY24 revenue to 6.4%
(vs. 8%) YoY growth to RMB263bn considering the mix change in CMR and expects non-GAAP
EBITA to be flattish YoY at RMB52bn. (RC)

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