$Alibaba (BABA.US)$$BABA-SW (09988.HK)$ UOBKH report with tp...
$Alibaba(BABA.US$ $BABA-SW(09988.HK$
UOBKH report with tp of HKD133.00 (USD136.00).
Earnings beat; Upsized share repurchase rogramme; Net cash of USD45b.
Alibaba delivered better-than-expected 2QFY23 results. Revenue came in at Rmb207.2b, up 3% yoy compared with flattish yoy growth in 2QFY22, 1% below street estimates. The group adjusted EBITA grew 29% yoy to Rmb36.2b on cost reduction. Non-GAAP net profit was Rmb33.8b, up 19% yoy and beating street estimates by 15%, with net margin improving sequentially to 14.5%.
$Hang Seng Index(800000.HK$ $Hang Seng H-Share Index ETF(02828.HK$ $Hang Seng TECH Index(800700.HK$ $China Concept Stocks(BK2517.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $AEM SGD(AWX.SG$ $Rex Intl(5WH.SG$ $RH PetroGas(T13.SG$ $Golden Energy(AUE.SG$ $Geo Energy Res(RE4.SG$
UOBKH report with tp of HKD133.00 (USD136.00).
Earnings beat; Upsized share repurchase rogramme; Net cash of USD45b.
Alibaba delivered better-than-expected 2QFY23 results. Revenue came in at Rmb207.2b, up 3% yoy compared with flattish yoy growth in 2QFY22, 1% below street estimates. The group adjusted EBITA grew 29% yoy to Rmb36.2b on cost reduction. Non-GAAP net profit was Rmb33.8b, up 19% yoy and beating street estimates by 15%, with net margin improving sequentially to 14.5%.
$Hang Seng Index(800000.HK$ $Hang Seng H-Share Index ETF(02828.HK$ $Hang Seng TECH Index(800700.HK$ $China Concept Stocks(BK2517.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $AEM SGD(AWX.SG$ $Rex Intl(5WH.SG$ $RH PetroGas(T13.SG$ $Golden Energy(AUE.SG$ $Geo Energy Res(RE4.SG$
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清艳脱俗的米尔顿 : Stay away from China Securities,
bananarama : I rather stay away from your advice
bullrider_21OP : HK and China are easing Covid-19 curbs. China gradually and HK at a faster pace. HK stocks may have bottomed. Chinese stocks may be bottoming or has bottomed.
102438196 : stay away from stock market
BruceLin8 : Hong Kong stocks are going to open lower again.
HopelessChi bullrider_21OP: sorry. I don't think it had bottomed. the relief rally was completed. now is the rise of the downtrend once again.
旧人不覆 BruceLin8: That's right, it will continue to fall and pull back