To The Moon

Sign Up
  • 3
  • 1
  • Favorite

JPMorgan: Maintain Ali (9988. HK) "overweight" rating with a target price of HK $260

格隆汇2021-08-04

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

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

 
 
 
 

Most Discussed

 
 
 
 
 

7x24

All