New Street Research - Alibaba Group Holding Ltd (9988) ... BABA FY2Q24 Results: Results Largely Inline; AliCloud will not be Spunoff

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New Street Research

Jin Yoon

BABA FY2Q24 Results: Results Largely Inline; AliCloud will not be Spunoff

What’s new: Alibaba’s reported FY2Q24 results were largely in-line with consensus and our expectations. BABA remains committed to investing in the core assets, while exploring options to further monetize non-core assets to enhance shareholder returns. We maintain our PT at USD150.

Analysts:
Jin Yoon

17/11/2023 1 EN

Underlyings

Alibaba Group Holding Ltd

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Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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BABA FY2Q24 Results: Results Largely Inline; AliCloud will not be Spunoff

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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