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[Rewards] Alibaba reports choppy Q1 FY24 earnings beat, new energy unleashed?
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KEY Figures:
● Total revenue grew by 14% year-on-year (YoY) to $32,29 billion, above the Refinitiv consensus estimates of $31.02 billion.
● Net income (attributable to ordinary shareholders) was $4.73 billion, above the Refinitiv consensus estimates of $3.95 billion, up 51% YoY. Non-...
Claim your Earnings Season offer by winning Rewards Points and discovering Investment Opportunities!
KEY Figures:
● Total revenue grew by 14% year-on-year (YoY) to $32,29 billion, above the Refinitiv consensus estimates of $31.02 billion.
● Net income (attributable to ordinary shareholders) was $4.73 billion, above the Refinitiv consensus estimates of $3.95 billion, up 51% YoY. Non-...
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There were many negative developments which have been surrounding the China’s economy for the past two months.
Delay in the recovery of the economy growth momentum mainly due to:
1) the slump in property market which lead to low level of spending confidence
2) the weak external demand that pull down the export performance
3) different grades of interest default payments by some big names such as $COUNTRY GARDEN (02007.HK)$ , $SINO-OCEAN GP (03377.HK)$ $EVERGRANDE (03333.HK)$
Delay in the recovery of the economy growth momentum mainly due to:
1) the slump in property market which lead to low level of spending confidence
2) the weak external demand that pull down the export performance
3) different grades of interest default payments by some big names such as $COUNTRY GARDEN (02007.HK)$ , $SINO-OCEAN GP (03377.HK)$ $EVERGRANDE (03333.HK)$
romancer : concerns remain about Alibaba's future revenue growth and macro factors.
Srikanth Reddy : The company's operational efficiencies and cost reductions contributed to Alibaba's strong performance.
Deep Value : Alibaba's stock remains cheap and undervalued, despite risks such as competition in Chinese e-commerce and tense US-China relations.
Cloud D Investor : Alibaba is still the number one e-commerce company in China and when china grows, Alibaba will grow bigger as well.
小阿远 romancer : China's competitive pressure is increasing day by day, and objective factors such as the continuous decline in Taobao's net profit and market share all have an impact
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