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Morningstar: BABA-W (09988.HK) Remains Attractive After Share Placement, Stock Price Still Undervalued
2026-08-26 08:16:10 BABA-W (09988.HK) plans to raise HKD80 billion through a share placement at a placing price of HKD112.7 per share, representing an 8.4% discount to last Friday's (21st) closing price of HKD123. Morningstar said in a research report that BABA-W's long-term prospects remain attractive after the share placement. Although the placing price is below the firm's estimate of the company's fair value, the pricing level does not significantly impair corporate value. The report added that the share placement would reduce BABA-W's fair value estimate by 1.4%, but the fundraising would help improve the company's capital structure and reduce balance sheet risks. BABA-W remains attractive to both long-term investors and insiders. Morningstar lowered its fair value estimate for BABA-W by 3% to HKD201 and continued to believe that the stock remains undervalued.(mn/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese 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. | |