BABA/9988.HK: Post Chinese Government Anti-Monopoly Fines, BABA Started New Round Of Investment For Future Growth
BABA will report F4Q21 earnings on May 13th before the markets open with a 7:30am EST conference call. We have turned positive on BABA. We believe that as the policy and regulation issues are getting behind BABA, the company is starting a new round of investments, which can be positive for its future growth. For FY4Q21 earnings, based on our data and model, we believe FY4Q21E revenue (Figure 1) is likely to be better than consensus on both the topline and bottom line.
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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