BABA: Nimble To The Market Driving Strong FY3Q20; While Coronavirus Outbreak Is Likely to Put Pressure On Its Growth In The Very Near Term, The Longer Term Outlook Is Positive; Maintain BUY
, BABA is supposed to benefit from the recent coronavirus outbreak as many offline stores are delaying their openings; however, the delivery forces are not yet running in full gear due to the nationwide caution on the virus. Therefore, FY4Q20 is likely to be negatively impacted. Once people resume their work, we believe BABA is likely to become one of the preferred platforms for consumers to shop without leaving their homes. BABA will report FY3Q20 results on February 13th before the markets open with a 7:30am EST conference call. We are positive on BABA into FY3Q20E performance.
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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