BABA: FY3Q24 Results - Increasing Investments in Core Businesses in CY24
What’s new: Alibaba’s reported FY3Q24 results were largely in-line with consensus and our expectations. BABA could step up investments in core businesses (e-commerce and cloud) to drive top-line growth and stabilize/gain market share in both domestic and overseas markets. We maintain our PT at USD100.Analysts:
Jin Yoon
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