Lates News

CICC (China International Capital Corporation) released a research report stating that Alibaba-W (09988) had a mixed performance in the fourth quarter of the fiscal year 2025. Based on the SOTP valuation, the group's target price was lowered by 5% from 169.1 Hong Kong dollars to 160.6 Hong Kong dollars. Despite the mixed performance, the bank still believes that Alibaba's investments are stable, including stable market share of Taobao Group (TTG) and structural growth in cloud business. Therefore, the bank maintains an "outperform" rating.