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China Merchants: Reaffirming a 'strong buy' rating for Alibaba-W, with a target price of 106 Hong Kong dollars.
China Merchants Securities released a research report stating that alibaba-W (09988) is expected to benefit from the inclusion of the new fast-track rules into the Hang Seng Stock Connect Index mechanism. The expected inclusion in the Stock Connect on September 10th is expected to bring about liquidity improvement. The company's e-commerce main business fundamentals are stable, non-e-commerce business performance is expected to continue to improve, coupled with high shareholder returns, and the low valuation reaffirms the "strong buy" rating for alibaba with a target valuation of 106 Hong Kong dollars. The report states that the inclusion of the new fast-track rules into the Stock Connect index, alibaba's inclusion is expected to bring about liquidity improvement, and it is expected that the passive funds related to alibaba's inclusion will form a bid due to constituent stock adjustments after the inclusion.
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2024 Semi-Annual Report
2024 Semi-Annual Report Summary
China Merchants Securities (600999.SH) released its financial performance for the first half of the year, with a net income of 4.748 billion yuan, a year-on-year increase of 0.44%.
China Merchants Securities (600999.SH) released its 2024 interim report. During the reporting period, the company achieved revenue of 9...
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