Atlantic Equities - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) Results ahead, but customer mgt revs slow

Report

Atlantic Equities

James Cordwell

Results ahead, but customer mgt revs slow

Revenue and EBITDA beat, but customer management revenue slowed more than expected. With a large portion of the revenue beat also coming from lower margin/loss-making sources - New Retail, int'l, Cainiao - EBITDA margin also fell modestly short, raising some concern over the outlook for profitability.

01/02/2018 3 EN

Underlying

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

Provider

Atlantic Equities

Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.

Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.

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Analysts

James Cordwell

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