BABA: Embracing Innovation In The Marketplace Brings New Energy To Existing Business While Being Innovative; Positive Into FY4Q19 Earnings; Maintain Buy & Raise PT
BABA will report FY4Q19 results on May 15th before the markets open with a 7:30am EST conference call. We are positive on BABA into its FY4Q19 earnings. Based on our data and model, FY4Q19E revenue is likely to be better than consensus at RMB 91,597M (47.9% Y/Y growth).
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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