Alibaba Group Q2 FY24 Earnings Preview: Grab rewards by guessing the closing price!
How will the market react to the company's quarterly results? Vote your answer to participate!
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● An equal share of 1,000 points: For mooers who correctly guess the price range of $Alibaba (BABA.US)$'s opening price at 16:00 PM ET November 16 (e.g., If 50 mooers make a correct guess, each of them will get 20 points.)
(Vote will close on 12:00 noon ET Nov 16)
● Exclusive 300 points: For the writer of the top post on analyzing Alibaba's earnings prospects.
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1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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mr_cashcow : According to yahoo Finance $Alibaba (BABA.US)$ is expected to post earnings of $2.11 per share for the current quarter, representing a year-over-year change of +15.9%![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Analyst seems to agree it have good projected revenue growth and valuation![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Strong momentum of e-commerce taobao, tmall, lazada & aliexpress combined with cainiao delivery logistics network further helps to boost the outlook of the stock
Disclaimer: All the above are NOT financial advises, plz DYOR/DD! Goodbye!
102319027 : power struggle at the top management resulting in departure of ceo, tmall top executive left too. price wars due to strong competition which will result in deceased margins. earnings will miss estimates. easy short trade
DonkeyGenius 102319027 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
SpyderCall : I am hoping for a spike up from good earnings. And the technicals on the charts are telling me that it can possibly spike up to the 91 or 95 price points.
I'll say 91-95 dollars
102362254 : Some factors that may affect $Alibaba (BABA.US)$ Q2 FY24:
1. Watch out for E-commerce growth, especially with Taobao and Tmall rocking Singles' Day on Nov 11, 2023.
2. Keep an eye on Cloud computing – it's a big money-maker with the aim to roll out cool cloud solutions.
3. The Cainiao Smart Logistics Network spin-off should boost efficiency and unlock value.
4. Pay attention to regulations and competition - there might be hiccups in antitrust, data security, and consumer protection.
I'm thinking Q2 FY24 earnings might take a hit due to more spending on diversification and staying ahead of the game.
Ray123 : 89
Alan Tan 俊帆 :
Skybeejason : 92
73097056 : economic downturn
72388185 : E-commerce is trend
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