Movement Alert｜BABA-W Rises 3.13% in Regular Trading amid Enhanced Cloud Profit Forecasts

Market Focus09:35

On October 6, BABA-W rose 3.13% in regular trading, trading at HK$108.6 with a turnover of HK$486 million.

The gain follows Nomura Securities' upgrade of the company's fiscal 2027 adjusted net profit forecast by 7%, driven by strengthening cloud business profitability. The revision reflects growing confidence in AI cloud infrastructure investments following recent technological breakthroughs and NBA team partnerships.

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