BABA/9988.HK: New Initiatives To Enable A Strong FY3Q21; FY2Q21 Continued Its Momentum From FY1Q21
BABA will report FY2Q21 results on November 5th before the market opens with a conference call at 7:30am EST. Based on our data and model, FY2Q21E revenue is likely to be at least in line with consensus at RMB155.9B (31.0% Y/Y growth). China’s e-commerce industry in 3Q20 is experiencing weaker seasonality than before; however, we are expecting a strong 4Q20.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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