Consumer Staples Jan 07, 2022 03:08 PM (GMT+8) · EqualOcean
According to a research report released by Furui, Alibaba SW (09988) "buy" was rated with a target price of HK $287. It is estimated that by the end of December, the total revenue in the third fiscal quarter had increased by 10% year-on-year to 243 billion yuan (the same below), the international trade revenue was about 17 billion yuan, and the adjusted EBITA in the quarter was 39.5 billion yuan. According to the report, the market is reflecting the impact of the epidemic and weak non essential consumption, maintaining the assumption that Alibaba's customer management revenue slowed down in the quarter of December last year. It is expected to support businesses, implement stable strategic investment and keep the long-term strategy unchanged.
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