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2026-10-21 11:28:17 UOB Kay Hian released a research report stating that BABA-W (09988.HK) will announce its results for fiscal 2Q27 in late November. Revenue guidance is expected to rise 9% YoY to about RMB270 billion, slightly below the broker's forecast. Adjusted EBITA is expected to reach RMB29 billion, above its previous forecast of about RMB22 billion, mainly driven by improved profitability in the cloud business, as well as narrowing losses in quick commerce and AI laboratory and application businesses. The broker said cloud business revenue growth in the next fiscal quarter is expected to exceed 50%, driven by higher MaaS contribution and T-Head cost efficiency improvements, in line with its expectations and accelerating further from the 45% growth recorded in fiscal 1Q27 ended June. EBITA margin is expected to reach 12%. Losses from quick commerce are expected to narrow to about RMB9 billion, compared with a loss of about RMB10 billion in fiscal 1Q27, while adjusted EBITA losses from AI laboratory and application businesses are expected to narrow to between RMB10 billion and RMB11 billion, compared with a loss of RMB13.9 billion in fiscal 1Q27. E-commerce revenue guidance is about RMB199 billion, slightly below the broker's previous forecast of RMB204 billion. The broker broadly maintained its revenue forecast for fiscal 2027 ending March next year at about RMB1.122 trillion, representing YoY growth of 10%, and raised its earnings forecast by 6.1% to RMB102.6 billion. It maintained a Buy rating and raised the TP to HKD189 from HKD188. The ADR TP for Alibaba Group Holding Limited (BABA.US) was raised to USD194. (gc/da)~ 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. | |