Citigroup: Maintain Alibaba (9988. HK) buy rating and lower target price to HK $288

格隆汇2021-08-06

According to a research report published by Citigroup, although Alibaba (9988. HK) 's overall revenue was worse than expected, while the growth of cloud services and customer management revenue slowed down, the adjusted EBITA and net profit were better than expected. The company's revenue guidance for fiscal year 2022 and the direction of reinvesting profits in new businesses remain unchanged. Citigroup has a positive view on Ali's expansion of the repurchase plan to US $15 billion, which means that the management has confidence in the long-term growth prospects and also reflects Ali's strong cash flow production capacity.. The bank believes that the company's focus on multi-App strategy is more prudent because the industry is gradually shifting to a decentralized model as consumers change. Citi will Ali...

Web link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Stx
2021-08-06
Stx
?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2157465741?lang=en_US&edition=fundamental","thumbnail":"https://static.tigerbbs.com/adde21fc7a235e2f380acaab07b6cbd0","is_english":false,"pubTime":"2021-08-06 15:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2157465741","market":"us","top_or_hot":-1,"title":"Citigroup: Maintain Alibaba (9988. HK) buy rating and lower target price to HK $288","media":"格隆汇","content":"<p><div>According to a research report published by Citigroup, although Alibaba (9988. HK) 's overall revenue was worse than expected, while the growth of cloud services and customer management revenue slowed down, the adjusted EBITA and net profit were better than expected. The company's revenue guidance for fiscal year 2022 and the direction of reinvesting profits in new businesses remain unchanged. Citigroup has a positive view on Ali's expansion of the repurchase plan to US $15 billion, which means that the management has confidence in the long-term growth prospects and also reflects Ali's strong cash flow production capacity.. The bank believes that the company's focus on multi-App strategy is more prudent because the industry is gradually shifting to a decentralized model as consumers change. Citi will Ali...</p><p><a href=\"https://www.gelonghui.com/p/479556\">Web link</a></div></p>","source":"stock_gelonghui","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup: Maintain Alibaba (9988. HK) buy rating and lower target price to HK $288</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup: Maintain Alibaba (9988. HK) buy rating and lower target price to HK $288\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-08-06 15:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>According to a research report published by Citigroup, although Alibaba (9988. HK) 's overall revenue was worse than expected, while the growth of cloud services and customer management revenue slowed down, the adjusted EBITA and net profit were better than expected. The company's revenue guidance for fiscal year 2022 and the direction of reinvesting profits in new businesses remain unchanged. Citigroup has a positive view on Ali's expansion of the repurchase plan to US $15 billion, which means that the management has confidence in the long-term growth prospects and also reflects Ali's strong cash flow production capacity.. The bank believes that the company's focus on multi-App strategy is more prudent because the industry is gradually shifting to a decentralized model as consumers change. Citi will Ali...</p><p><a href=\"https://www.gelonghui.com/p/479556\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/p/479556\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://www.gelonghui.com/p/479556","article_id":"2157465741","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/adde21fc7a235e2f380acaab07b6cbd0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2157465741","pubTimestamp":1628234806,"sourceInfo":{"source_id":"stock_gelonghui","name":"格隆汇"},"weMediaInfo":null,"summary":"花旗发表的研究报告指，虽然阿里巴巴整体收入逊预期，而云服务及客户管理收入增长减慢，不过经调整EBITA及净利均好过预期。2022财年公司收入指引及将盈利再投资于新业务方向不变，花旗对阿里扩大回购计划至150亿美元看法正面，意味管理层对长远增长前景有信心，亦反映阿里现金流生产能力强劲。花旗将阿里目标价由297港元降至288港元，维持买入评级，相信公司可再一次证明，其经营经验可助应对趋紧的监管环境和行业增长减慢的影响。","collect":0,"end_time":0,"defaultTopTitle":"gelonghui.com","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"translate_title":"Citigroup: Maintain Alibaba (9988. HK) buy rating target price to HK $288","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":1,"09988":0.9},"content_text":"花旗发表的研究报告指，虽然阿里巴巴(9988.HK)整体收入逊预期，而云服务及客户管理收入增长减慢，不过经调整EBITA及净利均好过预期。2022财年公司收入指引及将盈利再投资于新业务方向不变，花旗对阿里扩大回购计划至150亿美元看法正面，意味管理层对长远增长前景有信心，亦反映阿里现金流生产能力强劲。该行认为公司聚焦于多App策略较审慎，因为行业随着消费者改变，正逐步转向去中心化的模式。花旗将阿里目标价由297港元降至288港元，维持买入评级，相信公司可再一次证明，其经营经验可助应对趋紧的监管环境和行业增长减慢的影响。该行指出，新投资的效能指标主要在于用户、订单增长、用户体验及派送率等，而在社区团购方面进展亦稳健，社区商业平台的GMV和GFA(分拨中心建面)分别按季升200%及260%，饿了么及Lazada订单分别按年增逾50%及90%，管理层指出其投资策略由单一应用转向多App策略，并期望透过新App逐步增大用户基础及收入。另外，管理层欢迎潜在跨平台开放及加强连接，认为对减低商户经营成本有正面效果，并可改善用户体验，阿里重申公司遵守内地私隐规例不会利用数据或演算令广告变现最大化。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":893861735,"gmtCreate":1628255584727,"gmtModify":1703504041565,"author":{"id":"3572324187702448","authorId":"3572324187702448","name":"Stx","avatar":"https://static.tigerbbs.com/dae51699f4f045061fdd6eafa7048158","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572324187702448","authorIdStr":"3572324187702448"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893861735","repostId":2157465741,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2157465741"}