T.H. Capital - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) BABA: Expect No New Negative News; Maintain Buy

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T.H. Capital

Tian Hou

EUR 213.58 For Business Accounts Only

BABA: Expect No New Negative News; Maintain Buy

BABA will report FY3Q19 results on January 30^th before the markets open with a 7:30am EST conference call. We are positive on BABA into its FY3Q19 performance. Based on our data and model, we believe BABA’s FY3Q19E revenue is likely to be higher than the consensus expectation at RMB119,409M (43.8% Y/Y growth) as well as our model at RMB119,191M.

22/01/2019 7 EN

Underlying

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

Provider

T.H. Capital

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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Analysts

Tian Hou

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BABA: Expect No New Negative News; Maintain Buy

Greater China Strategy Alpha Picks: August Conviction Calls

China Internet: WAIC -- Battlefield of AI applications and agents to reshape productivity.

Greater China Strategy: Alpha Picks -- July Conviction Calls

TCOM: TCOM’s Potential Better 4Q2024 Performance and Better Long-Term Growth Outlook

BILI: Cautious On Long-Term Outlook Due To Competition And Market Saturation

BIDU: Expect In Line 2Q24 Results; Monetization In AI Is Taking Time To Drive Overall Growth

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