Agreed on this. Small trims to focus on the bigger picture and target
Alibaba's Intime Disposal Creates Space for Shareholder Returns -- Market Talk
0655 GMT - Alibaba's disposal of Intime aligns with its strategy of focusing on its core e-commerce business and returning value to shareholders, Jefferies analysts Thomas Chong and Zoey Zong say in a research note. Alibaba earlier said it expects to record a loss of CNY9.3 billion from the sale of its interest in department-store chain Intime. "We believe disposals of non-core assets will help return value to shareholders," the analysts say. Jefferies maintains a buy call on Alibaba's ADRs and keeps its target price at $143.00. ADRs last closed at $86.06.
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