News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>CICC Raises BABA-W (09988.HK) Earnings Forecasts, Rates Outperform on Faster Cloud Growth
BABA-W (09988.HK) reported revenue of RMB243.4 billion for the fourth fiscal quarter ended March, representing a YoY elevation of 2.9%, CICC said in its report. Excluding the impac...
Reset
Send
The window will close in 5 seconds
<Research>CICC Raises BABA-W (09988.HK) Earnings Forecasts, Rates Outperform on Faster Cloud Growth
Close
Recommend
26
Positive
37
Negative
17
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

BABA-W (09988.HK)  +1.000 (+0.794%)    Short selling $961.22M; Ratio 11.256%   reported revenue of RMB243.4 billion for the fourth fiscal quarter ended March, representing a YoY elevation of 2.9%, CICC said in its report. Excluding the impact of disposed businesses, revenue grew 11% YoY on a comparable basis. During the period, adjusted EBITA shed 84.4% YoY to RMB5.1 billion, below market expectations, in wake of heightened investment in large models during the Spring Festival period and the promotion of the Qwen App.

Alibaba Cloud's growth accelerated, driven by MaaS, the report noted. In the latest fiscal quarter, cloud revenue lifted 38% YoY, of which revenue from external customers hiked 40%. The ARR of Alibaba Cloud's Bailian MaaS platform reached RMB8 billion, showing solid performance, and was expected to reach RMB30 billion by end-2026.

Related NewsBILIBILI-W (09626.HK) Slumps 7% in Half Day as Nomura Cuts TP
CICC trimmed its revenue forecasts for FY2027-28 by 3-4%, but raised its non-GAAP net profit forecasts by 5-9%. The broker maintained an Outperform rating on BABA-W (09988.HK)  +1.000 (+0.794%)    Short selling $961.22M; Ratio 11.256%   , with an H-share TP of HKD172, and kept the US-share TP of USD178 for Alibaba Group Holding Limited (BABA.US)      .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.