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Macquarie: Maintains BABA-SW "Outperform" rating, Target Price lowered to HKD 133.1.
Macquarie released a Research Report stating that it has lowered the Target Price for BABA-SW (09988) from HKD 135.5 to HKD 133.1, maintaining an "outperform" rating. The firm has revised its adjusted EBITA forecast for the company for the third financial quarter ended last December and the next fiscal year down by 1% and 2%, respectively, to reflect the profitability performance of various departments. The firm pointed out that Alibaba sold its two largest non-core retail businesses, including Intime and SUNART RETAIL (06808), and reappointed Jiang Fan to lead the newly established e-commerce business group, which covers both local and international e-commerce operations. The firm believes this indicates the company's renewed focus on its core e-commerce business.
JP Morgan: Reiterates BABA-SW 'Shareholding' rating, raises Target Price to 120 Hong Kong dollars.
JPMorgan published a research report stating that it has raised the Target Price for BABA-SW (09988) by 3% from HKD 117 to HKD 120, reaffirming the "Shareholding" rating. The bank believes that, driven by cost control and various long-term upward drivers, profit growth is a natural by-product of market share stability and business improvement. The bank predicts that Alibaba's revenue for the fiscal year 2025 will increase by 8% year-on-year, which is 1% higher than the general market forecast, while the adjusted Net income is expected to grow by 14% year-on-year, 15% higher than market predictions. JPMorgan estimates that Alibaba's announcement to sell Intime and SUNART RETAIL (06808) will lead to Tmall.
SUNART RETAIL (06808): Xinbaili has been appointed as an independent financial advisor.
SUNART RETAIL (06808) issued a notice, SOMERLEY CAP Limited (a company that can operate under the Securities and Futures Ordinance for the purpose of...)
Why is SUNART RETAIL (06808) not considered Bullish despite being heavily discounted by Alibaba?
The company turned losses into profits, yet was severely cleared out by Alibaba at a Low Stock Price, with the maximum drop of nearly 30% on the next trading day, and a further drop of over 8% on the second trading day. Why is the supermarket leader SUNART RETAIL (06808) not considered Bullish?
Goldman Sachs: Assigning a "Buy" rating to Alibaba-W with a Target Price of 131 HKD.
Goldman Sachs released a Research Report stating a "Buy" rating for Alibaba-W (09988) with a Target Price of $134/131 HKD. On January 1, Alibaba announced the sale of all its shares in its non-wholly-owned subsidiary SUNART RETAIL (06808), expecting a maximum total return of 12.298 billion HKD (1.75 HKD per share, approximately 1.6 billion USD), but it must obtain approval from the State Administration for Market Regulation (SAMR) and meet other conditions. The firm believes that the company's announced divestment of non-core offline retail assets aligns with the management's ongoing focus on core businesses (i.e., E-Commerce and cloud services) and enhancing Shareholder returns strategy.
[Brokerage Focus] Everbright maintains a "Buy" rating on Alibaba (09988), noting that the sale of Intime Retail and SUNART RETAIL may negatively impact investment returns in the short term.
Jinwu Financial News | Everbright has issued a Research Report indicating that Alibaba (09988) and its subsidiary, New Retail, have entered into an agreement with Dehong Capital to sell all their shares in SUNART RETAIL, which account for approximately 78.7% of the total issued shares of SUNART RETAIL. A total of 7.508 billion shares are up for sale, of which 73.66% is indirectly held by Alibaba's subsidiary, and 5.04% is held by New Retail. The company operates hypermarkets and mid-sized supermarkets as well as membership store businesses under the brands "RT-Mart," "RT-Mart Super," and "M Membership Store." Alibaba is selling high.
Sun Art Retail Group Limited (HKG:6808) Stock Rockets 35% As Investors Are Less Pessimistic Than Expected
