BABA expected in stock connect on 10 Sep.
【Brokerage Focus】China Merchants reiterates its strong recommendation rating for Alibaba(09988), indicating its imminent inclusion and expected liquidity improvement.
Jingu Financial News | China Merchants Securities issued a research report indicating that Alibaba (09988) is expected to benefit from the rapid inclusion of new rules into the Hong Kong Stock Connect index mechanism, expected to be included in the Hong Kong Stock Connect on September 10, potentially bringing liquidity improvement. The company's e-commerce main business fundamentals are stable, non-e-commerce business performance is expected to continue to improve, combined with high shareholder returns.
The bank is bullish on Alibaba's e-commerce growth resilience and the potential growth of international and cloud business. It is expected that FY2025-2027 Non-GAAP net income attributable to the parent company will be 154, 174.6, and 195.9 billion yuan, giving a 12 times PE ratio for the Non-GAAP net income in the 2025 fiscal year, corresponding to a target price of 106 Hong Kong dollars per share, reiterating a strong buy rating at a low valuation level.
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Btan : D-day for shorts
Thelord Btan : Need to see how the stock reacts tomorrow in hk
102559790 OP : whatever, if the shorts are still shorting baba now, i have to say the courage is admirable.