JPMorgan: Maintain "Overweight" Rating on Ali (9988.HK) with a Price Target of HK$260

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JPMorgan: Maintain "Overweight" Rating on Ali (9988.HK) with a Price Target of HK$260

格隆汇2021-08-04

JP Morgan published a research report that said,Alibaba(9988.HK) entered a major investment cycle in the first fiscal quarter. Although the scale is smaller than that of Taobao, many e-commerce applications showed good growth. Strategically, the bank believes that the company will move from a single platform targeting mid-to high-end customers to multiple applications to broaden its customer base.

The bank believes that investors will use user indicators as the valuation basis in the future, because they understand the investment strategy in 2022 and the impact on earnings; Low visibility of earnings outlook for year 2023; User metrics become the best indicator of return on investment. It is expected that the platform user indicators will be the catalyst in the coming quarters, maintaining "Increase holdings"Rating, price target lowered from HK$295 to HK$260Hong KongMeta.

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Although the scale is smaller than that of Taobao, many e-commerce applications showed good growth. Strategically, the bank believes that the company will move from a single platform targeting mid-to high-end customers to multiple applications to broaden its customer base.</p><p>The bank believes that investors will use user indicators as the valuation basis in the future, because they understand the investment strategy in 2022 and the impact on earnings; Low visibility of earnings outlook for year 2023; User metrics become the best indicator of return on investment. It is expected that the platform user indicators will be the catalyst in the coming quarters, maintaining \"<span>Increase holdings</span><span>\"Rating, price target lowered from HK$295 to HK$260</span><span>Hong Kong</span><span>Meta.</span></p><p><img src=\"https://img3.gelonghui.com/972fa-dddec236-d4fc-42df-907a-533043c47168.png\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/p/479103\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d332b67478d1764541708340cabd20a8","relate_stocks":{"09988":"阿里巴巴-W"},"source_url":"https://www.gelonghui.com/p/479103","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156177812","content_text":"摩通发表研究报告指，阿里巴巴(9988.HK)首财季进入重大的投资周期，虽然规模较淘宝小，但多个电商应用呈现良好增长。在策略上 ，该行相信公司将由单一、针对中高端客户平台，转至多个应用程式，以扩阔客户群。该行相信未来投资者会以用户指标作为估值基础，因明白了2022年度的投资策略和对盈利的影响；对2023年度的盈利展望可见性较低；用户指标成为投资回报最好的指示。预期平台用户指标将成为未来数季的催化剂，维持“增持”评级，目标价由295港元降至260港元。","news_type":1,"symbols_score_info":{"09988":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}