BABA-SWR will announce its earnings before the market opens on Wednesday, February 7th!

LB Select
2024.02.05 02:51

Alibaba is set to announce its third-quarter results as of the end of December on February 7th.

According to comprehensive market analysis by GLH, there are three key points worth noting in this performance:

  1. Taobao's revenue growth has slowed down due to macroeconomic factors and structural adjustments.
  2. International Digital Commerce (AIDC) is expected to continue its high growth, driving the logistics-focused Cainiao.
  3. The current valuation is attractive, with strong free cash flow and potential for share buybacks.

According to Bloomberg's compilation, the market average expects Alibaba's third-quarter revenue to reach RMB 261.706 billion, a YoY increase of 5.6%; adjusted net profit is expected to be RMB 47.881 billion, a YoY decrease of 4.9%.

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