The bellwether stock for China internet companies, e-commerce giant ក្រុមហ៊ុន Alibaba (បាបា), reports quarterly results early Wednesday. The report on BABA stock could give insight into where the economy of the world’s most populous nation is headed.
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Shares of Alibaba, like almost all China internet stocks, have been hammered the past two years. Alibaba is more than 70% off its record high set in October 2020. Factors in the downfall include a strict regulatory environment, economic weakness, Covid shutdowns, supply-chain issues, inflation and more.
Analysts are expecting Alibaba to report adjusted income of $1.07 a share, down 33% from the year-ago period, on revenue of $29.9 billion, up 3% for its fiscal fourth quarter. Alibaba will be reporting for the fourth quarter and full fiscal year.
Baird analyst Colin Sebastian this week lowered estimates on BABA stock.
“We recognize there is some optimism that the operating environment for Internet companies in China may be normalizing, and if that proves accurate, we believe there could be material upside in shares over the long term,” Sebastian wrote in a note to clients. “For now, however, we think management’s tone could remain cautious with respect to near-term growth and margins.”
BABA stock fell 5.5%, closing at 82.47 on the ផ្សារភាគហ៊ុនថ្ងៃនេះ.
BABA Stock: Showing Confidence With Buyback?
As a sign of confidence in its performance, Alibaba recently announced it would increase its buyback program to $25 billion from $15 billion. In addition, it has already bought back 56.2 million shares for $9.2 billion.
“This was a very deliberate sign from the company they believe their stock is inexpensive,” Sebastian wrote. He has a rating of outperform on BABA stock with a price target of 144.
“Alibaba’s stock price does not fairly reflect the company’s value given our robust financial health and expansion plan,” Alibaba Chief Financial Officer Toby Xu said in written remarks when the company announced its buyback plan.
Wednesday’s Alibaba earnings report follows that of e-commerce competitor JD.com (JD). On May 17, JD reported លទ្ធផលត្រីមាសដំបូង that beat revenue expectations despite China lockdowns. JD stock surged. The company ended the first quarter with 580.5 million active annual customers, up 16%
BABA stock trades near a six-month low.
សូមធ្វើតាមលោក Brian Deagon នៅលើ Twitter នៅ @IBD_Bdeagon សម្រាប់ព័ត៌មានបន្ថែមស្តីពីភាគហ៊ុនបច្ចេកវិទ្យាការវិភាគនិងទីផ្សារហិរញ្ញវត្ថុ។
អ្នកអាចចូលចិត្តផងដែរ:
ចិនស្តុកគ្រាប់រ៉ុក្កែត ខណៈមន្ត្រីផ្តល់សញ្ញាបញ្ចប់ការបង្ក្រាបបទប្បញ្ញត្តិ
ការបិទរោងចក្រនៅចិនបានប៉ះពាល់ដល់ Apple
Source: https://www.investors.com/news/technology/baba-stock-china-internet-reports-quarterly-earnings/?src=A00220&yptr=yahoo