CITIC Securities: Maintains "Buy" rating on Alibaba-W (09988) with a target price of HK$165

According to the Securities Times app, China Citic Securities has released a research report stating that they are optimistic about the long-term investment value of Alibaba-W (09988), maintaining a target price of HK$165 per share for Hong Kong stocks. This corresponds to a FY26 Non-GAAP PE multiple of 15x for the group, and they are maintaining a "buy" rating.