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| HSI1 | 24,271.20 | +59.85 | 162.63B |
| HSCEI1 | 8,168.57 | +20.70 | 49.87B |
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2026-10-12 11:54:12 The preview of BABA-W (09988.HK)'s results for 2FQ ended late Sep 2026 reflected improving earnings, although market sentiment has yet to recover, BofA Securities said in a research report. The broker raised its earnings forecasts for Alibaba by 3-9%, lifted the Hong Kong stock TP to HKD175, and increased the US stock TP for Alibaba (BABA.US) to USD178. It reiterated a Buy rating, believing that the current share price level has yet to fully reflect the earnings inflection point. The broker forecast Alibaba's cloud revenue for 2FQ to grow 52% YoY, with margins expected to expand. It estimated that the combined cloud and AI businesses could turn breakeven in 2HFY27 ending late March. CMR was estimated to fall 5% YoY, while adjusted EBITA of China's e-commerce excluding quick commerce was expected to remain broadly flat. Losses from quick commerce were also predicted to keep narrowing as anticipated. ~ AASTOCKS Financial News Website: www.aastocks.com | |