Brokerage tianfeng maintains a buy rating on alibaba (09988) and expects a 6.2% year-on-year increase in first-quarter revenue.
Tianfeng Securities released a research report stating that the expected FY25Q1 revenue of Alibaba (09988) is 248.8 billion yuan, with a YoY growth of 6.2%; the expected adjusted EBITA of the company is 40.5 billion yuan, with a YoY -10.8% decrease and an EBITA margin of 16.3%; the expected Non-GAAP net income is 42.1 billion yuan, with a YoY -6%. The bank pointed out that in terms of Taotian Group, the overall promotion of the platform is launched, and the GMV and monetization rate are expected to increase. The bank expects a YoY +2.8% revenue growth for Taotian Group in FY25Q1. Overall resident retail consumption remains in recovery as of CY24Q2.
Taobao has comprehensively optimized the strategy for shipping insurance, and some strategies will be tested in September.
In response to the increased after-sales service costs in the entire industry this year, Taobao will comprehensively optimize the current freight insurance strategy in the near future. Insiders said that Taobao Tmall has conducted multiple rounds of consultations with partners on the issue of freight insurance, and some policies are expected to be trial run in September this year. Although the details of the strategy have not yet been fully finalized, it can be confirmed that after this round of strategy adjustment, Taobao Tmall merchants are expected to receive more subsidies related to freight insurance, and operating costs will further decrease. Since the beginning of this year, freight insurance has become an important issue for e-commerce businesses. Although the initial intention of freight insurance design is to reduce the possible contradictions and capital problems in the return process,
Alibaba Has Catalysts Ahead Despite Macro Uncertainties
[Brokerage Focus] Credit Suisse maintains a "buy" rating on Alibaba (09988), expecting the dual listing and inclusion in the Hong Kong stock connect to boost the stock price.
Jingu financial news | Credit Suisse maintained a "buy" rating for Alibaba (09988), with a target price of $116 for the US stock market and HK $112 for the Hong Kong stock market, believing that there are still more catalysts in the future. The bank pointed out that recent industry trends indicate that many indicators other than low stock price are important in macro uncertainty. Alibaba emphasizes user experience, and new measures concerning traffic allocation standards and free refunds, service fees, and exemption from fixed annual fees for Tmall have received much attention. The bank believes that Alibaba's new measures are beneficial to customer management revenue (CMR), and reiterated its view on Alibaba's commodity trade volume (GMV) and CMR.
Alibaba Group Holding Price Target Maintained With a $116.00/Share by Jefferies
Alibaba Group Holding Is Maintained at Buy by Jefferies
