T. H. Data Flash - Alibaba Group – May & FY1Q21E: Strong E-Commerce In 2Q20 Fueled By Discounts, Live Streaming And Hungry Consumers; But What’s More Important Is The High Level Issues - What Is Going On In The
We are positive on BABA’s performance into FY1Q21. Based on our data and model, BABA’s FY1Q21E revenue is likely to be above consensus at RMB147.9B (28.7% Y/Y growth) and our estimate. The strong performance is driven by: 1) Live streaming; 2) Better same store sales on discounts; and 3) For “6.18” sales, the pre-sales started in late May 2020. All of the above plus the pent-up demand from consumers made 2Q20 very special.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.