New Street Research - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) New Street: BABA FY4Q22 Results - FY23 Rev Guidance Not Provided Due to Visibility

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New Street Research

Jin Yoon

New Street: BABA FY4Q22 Results - FY23 Rev Guidance Not Provided Due to Visibility

What's new: Alibaba’s reported FY4Q22 results were above consensus and our expectations. Visibility remains limited heading into FY23 amid rolling covid lockdowns and uncertainty in the overall macro environment. Under the current environment, the company would focus even more on cost control and continue to improve overall operating efficiency. We maintain our PT at USD150.

Analysts:
Jin Yoon

30/05/2022 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.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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New Street: BABA FY4Q22 Results - FY23 Rev Guidance Not Provided Due to Visibility

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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