T.H. Capital - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) T. H. Data Flash â€“ Alibaba Group â€“ March FY4Q18: High Growth Driven by Core Commerce Business; Margin Pressure Due To Offline Development; Expect F4Q18 Top Line to be Better than Consensus; Maintain Buy

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T.H. Capital

Tian Hou

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T. H. Data Flash â€“ Alibaba Group â€“ March & FY4Q18: High Growth Driven by Core Commerce Business; Margin Pressure Due To Offline Development; Expect F4Q18 Top Line to be Better than Consensus; Maintain Buy

BABA will report F4Q18 results on Friday, May 4^th before the markets open with a 7:30am EST conference call. BABA’s revenue continues to experience high growth driven by Tmall and advertising from Taobao along with other offline developments. Hema (BABA’s offline store) is expanding rapidly.

30/04/2018 6 EN

Underlying

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

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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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T. H. Data Flash â€“ Alibaba Group â€“ March & FY4Q18: High Growth Driven by Core Commerce Business; Margin Pressure Due To Offline Development; Expect F4Q18 Top Line to be Better than Consensus; 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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