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<Research>Haitong Int'l Projects Alibaba (BABA.US) 3FQ Revenue to Grow 2.3% YoY, Lowers Earnings Forecast
Haitong International released a research report covering Alibaba (BABA.US), which was expected to see a 2.3% YoY hike in total revenue for 3FQ, at RMB289.3 billion. CMR was projec...
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<Research>Haitong Int'l Projects Alibaba (BABA.US) 3FQ Revenue to Grow 2.3% YoY, Lowers Earnings Forecast
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Haitong International released a research report covering Alibaba (BABA.US)      , which was expected to see a 2.3% YoY hike in total revenue for 3FQ, at RMB289.3 billion. CMR was projected to rise by 4.4% YoY, while Alibaba International Digital Commerce (AIDC) revenue was estimated to grow by 18.5% YoY to RMB44.7 billion.

The broker adjusted its revenue forecast for the group's 3FQ and FY26 to RMB289 billion and RMB1.034 trillion, respectively. It also lowered the net profit forecast for 3FQ to RMB29 billion and for the full year to RMB93.6 billion.

Related NewsNew Home Sales MoM for Dec in United States is -1.7%. The previous value is not available.
The broker kept its target price on Alibaba at USD203, with a rating of Outperform.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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