New Street Research - AAREY DRUGS PHARMACEUTICALS LTD (524412) ... BABA FY1Q24 Results: User Growth Drives Topline

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New Street Research

Jin Yoon

BABA FY1Q24 Results: User Growth Drives Topline

What's new: Alibaba’s reported FY1Q24 results top consensus and our expectations. Taobao and Tmall Group would continue its virtuous investment cycle to improve user mindshare and merchant wallet share over time. We maintain our PT at USD150.

Analysts:
Jin Yoon

11/08/2023 1 EN

Underlyings

AAREY DRUGS & PHARMACEUTICALS LTD

Aarey Drugs & Pharmaceuticals Limited is engaged in active pharmaceutical ingredient (API)/Bulk Drugs manufacturing and offers a range of products for various industrial applications. The Company is engaged in trading and manufacturing activities. The Company is a manufacturer and supplier of pharmaceutical raw materials, chemicals, pharmaceutical ingredients, API's drugs, food colors and flavors. The Company's assortment of pharmaceutical products includes Metronidazole and Metronidazole Benzoate. Its products include Monomethyl Urea (MMU, Dimethyl Urea (DMU), Theobromine (THB), Theophylline (THP) and Pentoxifylline (PTF). Its other businesses include aromatics chemical, chemical acid, chlor alkalis, industrial alcohols, industrial ketones, glycols and glycol ethers, fiber intermediates, industrial amines, acetates and esters, chlorinated solvents, industrial intermediates and industrial chemicals.

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INE198H01019 India

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

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Analysts

Jin Yoon

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BABA FY1Q24 Results: User Growth Drives Topline

Alibaba Cloud Empowers Customers and Partners with its Proven Large Models and High-Performance Infrastructure

Alibaba Cloud Unveils New AI Models and Revamped Infrastructure for AI Computing

Alibaba Group Holding Limited - June 2024 (LTM): Peer Snapshot

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Meta Platforms (META, Buy, $595 target) Next week’s Connect event should offer some ROI on Gen AI clues

Altice France (Most Preferred) Our take on the latest reported offers

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