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Jefferies Group LLC: Alibaba-SW buy rating target price of HK $224

SoftBank to book $34b gains from cutting Alibaba stake. Clink here

According to the report issued by Jefferies Group LLC, Softbank is settled in kind this time, and it is believed that Alibaba's fundamentals will not be damaged. It is expected that the company's series of capital allocation strategies will release its value return to shareholders, including optimizing its liquidity and return on investable assets, and the ongoing share repurchase plan. The bank gave Alibaba a "buy" rating with a target price of HK $224.

The bank believes that Alibaba's three key strategies of consumption, cloud computing and globalization remain unchanged. Despite market fluctuations, it still observes the company's stable daily active users (DAU) and page views. And will continue to invest in technology and infrastructure to enhance its user experience.

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  • Btan : No doubt Baba is super under valued

  • whqqq Btan: yes. However, the reduction of holdings does not mean the deterioration of the fundamentals. Perhaps it is because it is listed in Hong Kong and the institutions want to transfer funds?

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