BABA: Expect FY4Q17 Results to Be Better than Consensus Driven By Online Marketing and Clicks Volume; Maintain Buy and Raise PT to $128.00
BABA will report FY4Q17 results on Thursday, May 18th before the markets open with a 7:30am EST conference call. We believe the company is likely to report FY4Q results better than the Street consensus at RMB35.86B or 48.3% Y/Y growth driven by higher growth in online marketing services and commission revenues. We maintain our Buy rating and raise our price target from $116.00 to $128.00.
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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