Market Insight | Alibaba-SW Surges Over 3% Now, Earnings to be Released After Market Tomorrow, Online GMV Expected to Achieve Healthy Growth

Zhitong
2024.05.13 02:44
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Alibaba-SW rose more than 3%, as of the time of publication, it rose by 3.91% to HKD 81, with a turnover of HKD 19.35 billion. On the news front, Alibaba is set to announce its financial performance for the fourth quarter of the fiscal year 2024 before the U.S. stock market opens on May 14. Institutions generally expect Alibaba to achieve revenue of RMB 219.832 billion in the latest quarter, a year-on-year increase of 5.58%. Many institutions generally predict that due to the gradual recovery of e-commerce and the company's continued efforts to enhance pricing power and optimize user experience strategies, Alibaba's online GMV is expected to achieve healthy growth this quarter, with the core business value remaining solid. CICC believes that thanks to the company's strategic direction of "prioritizing scale and market share" and the strong performance of online consumption since the beginning of the year, Alibaba's GMV growth rate this quarter is gradually catching up with the year-on-year growth rate of online retail sales, with a year-on-year increase of 6%, and Customer Management Revenue (CMR) is expected to grow by 3.5% year-on-year. CMB International stated that Alibaba is committed to improving shareholder returns by reducing losses in non-core businesses, strengthening stock repurchases, and increasing dividend payments, which we believe should provide support for short-term valuations

According to the information from the Wise Finance APP, Alibaba-SW (09988) is currently up more than 3%, as of the time of publication, up 3.91% to HKD 81, with a turnover of HKD 1.935 billion.

On the news front, Alibaba is set to announce its financial results for the fourth quarter of the 2024 fiscal year before the U.S. stock market opens on May 14th. Institutions generally expect Alibaba to achieve revenue of RMB 219.832 billion in the latest quarter, a year-on-year increase of 5.58%. Many institutions generally expect that due to the gradual recovery of e-commerce and the company's continued efforts to enhance pricing power and optimize user experience strategies, Alibaba's online GMV is expected to achieve healthy growth this quarter, with the core business value remaining solid.

CICC believes that thanks to the company's strategic direction of "prioritizing scale and market share" and the strong performance of online consumption since the beginning of the year, Alibaba's GMV growth rate this quarter is gradually catching up with the year-on-year growth rate of online retail sales, expected to increase by 6%, while Customer Management Revenue (CMR) is expected to grow by 3.5% year-on-year. CMB International, on the other hand, stated that Alibaba is committed to improving shareholder returns by reducing losses in non-core businesses, strengthening stock repurchases, and increasing dividend payments, which we believe should provide support for short-term valuations

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