Quote | Super Quote
22226 JP-CRBH@EC2407A (CALL)
RT Nominal up0.185 +0.025 (+15.625%)

03/02/2021 17:12

CMBIS lifts Alibaba Group (09988) to HK$330.6; "buy"

[ET Net News Agency, 3 February 2021] CMB International Securities (CMBIS) lifted its
target price for Alibaba Group Holding (09988) to HK$330.6 from HK$349.4 and maintained
its "buy" rating.
The research house said Alibaba delivered upbeat 3Q FY2021 results, with revenue/Non-
GAAP net profit +37%/+27%. Cloud achieved positive adjusted EBITA and Cainiao was
operating cash flow positive for the first time.
However, regulation headwinds are yet over, as Ant Group and Anti-monopoly Investigation
uncertainties remain. To factor in stepping up reinvestment and involving competition,
CMBIS cut its earnings forecasts by 1%/5%/4% in FY2021/22/23. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.