BABA: Positive On Longer-Term Outlook As China’s Economy Is Showing Signs of Bottoming; Negatives Are In The Stock Price
BABA will report FY4Q24 results on May 14th before the markets open with a 7:30am ET conference call. We believe BABA’s FY4Q24E performance is likely to be in line, but we are positive about the longer-term outlook. BABA is adopting a new strategy focusing on user acquisitions for each business unit, including e-commerce business, cloud business, cross-border commerce, and local services. The company started to use low prices and subsidies. As such, while we expect BABA’s business to resume growth, in the short term, the margin is likely to be under a certain level of pressure.
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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