New Street Research - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) BABA FY2Q24 Preview: Nudging Down Estimates

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New Street Research

Jin Yoon

BABA FY2Q24 Preview: Nudging Down Estimates

What’s New: We lower our CY3Q top-line estimates partly due to weaker macro and tougher comps. Margins could also be impacted by slower-than-expected CMR growth coupled with investments related to segments such as local consumer services during the summer months. In this note, we highlight the latest updates on the business and margin outlook for CY3Q.

Analysts:
Jin Yoon

10/10/2023 1 EN

Underlying

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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BABA FY2Q24 Preview: Nudging Down Estimates

Greater China 2H25 Market Strategy: A Big Beautiful Deal?

China Internet: 618 Festival – Evolving consumer trends and continued focus on value for money.

China Internet: JD’s new initiative in on-demand delivery is reshaping FD market dynamics.

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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