[China Merchants Securities: Give Alibaba-W (09988.HK) a "Buy" rating and raise the target price to HK$ 165] China Merchants Securities issued a research report saying that it gave Alibaba-W (09988.HK) a "Buy" rating and raised the target price to HK$ 165. According to the bank, the company is strengthening investment to capture the surging demand for AI. With its full range of AI products, it is believed that Alibaba is still the main beneficiary of China's AI transformation wave, and can fully meet the new AI opportunities. It is predicted that cloud revenue in 2025/26 fiscal year will increase by 11% and 21% year-on-year, and the total group revenue forecast in 2025-2027 fiscal year will be raised by 0% to 2%, and the shareholder return ratio in 2025 fiscal year is forecast to reach about 5%.
金融界2025-02-24
China Merchants SecuritiesReleased a research report stating that giving
Alibaba-W(09988.HK) with a "Buy" rating and a price target raised to HK$165. The bank said that the company is stepping up investment to capture the surging demand for AI. With its full range of AI products, it believes
AlibabaIt is still the main beneficiary of China's AI transformation wave, and can fully embrace new AI opportunities. It is forecast that cloud revenue will grow by 11% and 21% year-on-year in FY2025/26, and raised the Group's total revenue forecast for FY2025-2027 by 0% to 2%, forecasting a shareholder return ratio of approximately 5% in FY2025.
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