To The Moon

Click to vote. Can you predict where Alibaba will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $Alibaba(BABA)$ $Alibaba(09988)$

Alibaba Group will report its March quarter earnings and full fiscal Year 2023 results on 18 May 2023 before the market opens. Lets's guess where Alibaba will move following their earnings?​

Alibaba Q2 earnings consensus

According to the consensus forecast for the upcoming quarter, Alibaba is expected to report Earnings per share (EPS) of ¥9.45, representing a 55% increase from the previous quarter.

​Meanwhile, revenue is anticipated to reach ¥209.29 billion (bn), a 4.4% improvement year-over-year (YoY). In the fourth quarter of 2022, the company reported a revenue of ¥247.76 bn ($35.92 bn), a Yoy increase of 2.13%. Overall, Alibaba's last earnings report was mixed, with the company beating revenue estimates but missing EPS expectations. Nonetheless, the company's net profit margin increased significantly (from 3% to 14%), which is an encouraging sign for the upcoming quarters.

💡 Highlights of this quarter:

$Alibaba(BABA)$ has weathered a turbulent three years, facing multiple headwinds, including a slowing Chinese economy, intensified government regulations, and the lingering impact of COVID-19 pandemic restrictions. However, the company has shown its resilience. With the reopening of China and the return of domestic demand, investors are keen to see whether clear skies are finally ahead for Alibaba.

Alibaba announced on 28 March 2023 that it would be splitting its business into six units, “the most significant governance overhaul in the platform company’s history.”Under the new structure, BABA will become more decentralised, giving each business unit the autonomy and motivation to compete more effectively with its rivals. The reorganisation is also expected to lead to cost savings. Alibaba expects to save $1 bn by the end of 2023.

Alibaba unveiled its own ChatGPT-like Tongyi Qianwen AI in April. This AI bot will be integrated with Alibaba’s Cloud Services. While it’s only a start, Alibaba said it plans to have all applications across its ecosystem, including e-commerce, search, navigation and entertainment, to be powered by the AI-based model in the near future. That’s to say, despite the decentralised transformation, company like Alibaba still enjoy the heads-up by unifying its scalability today to seize the AI future which appears only move faster.

💰Activity Details

• Click to vote. Guess where $Alibaba(BABA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

• For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.

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⏰Event Time

The deadline for this event is 21:00 on 18 May 2023

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