th0mastan
2022-11-14
$Alibaba(09988)$ Alibaba is set to release gross merchandise volume for Singles Day, the world's biggest annual shopping event.

Chinese stocks have seen their share of headlines lately, but investors will be looking for big numbers from Alibaba on Singles Day Last year, Alibaba reported gross merchandise volume of $84.5 billion, up more than 8% from the year-ago period. But that was a sharp slowdown from 26% growth in 2020. Growth is expected to slow again this year, with Singles Day gross merchandise volume expected to come in between $75 billion and $77 billion.

Recent Earnings

In early August, Alibaba reported fiscal first-quarter revenue (https://www.investors.com/news/technology/baba-stock-jumps-second-quarter-earnings-beat/) of $30.7 billion, down nearly 4% from the year-ago quarter but slightly above the consensus of around $30 billion. Adjusted profit of $1.75 a share was also above the $1.58 consensus.

Alibaba's China commerce segment fell 1% to $21.19 billion. Alibaba's cloud segment did revenue of $1.59 billion, up 10% year over year.

Alibaba stock gapped up in late May after the company reported adjusted profit of $1.25 a share, down 20% from the year-ago quarter but above the consensus estimate for $1.07. Reve

nue increased 13% to $32.2 billion, helped by strength in its domestic e-commerce business.

@Daily_Discussion (14/11) @TigerStars @CaptainTiger @MillionaireTiger 

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Comments

  • Remotecam
    2022-11-14
    Remotecam
    waiting for China to finally open up (again)... but I don't see it.  [Heartbreak]
    • th0mastan
      Opening in phases in probably the approach. Once activities and travelling are back, it will be phenomenon
  • Billyliew
    2022-11-14
    Billyliew

    Good 

  • Kennyplc
    2022-11-16
    Kennyplc
    👍
  • 清风爽爽钱包满满
    2022-11-16
    清风爽爽钱包满满
    [Cry]
  • rainie52146
    2022-11-15
    rainie52146
  • Stx
    2022-11-15
    Stx
    Good day
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