Billyliew
2022-11-14

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@th0mastan：
$Alibaba(09988)$ 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
$Alibaba(09988)$ 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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