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  • Alibaba: Expected profit growth and outlook amid changes in consumer demand

    Опубликовано: 2023-11-20 16:00:12

    Chinese internet giant Alibaba, recognized for its e-commerce arm and technological influence, is preparing to present its financial report for the second quarter of 2024. Analysts are expecting an increase in net income per share, despite the decline in demand for online commerce and the difficult economic conditions in China. LBLV's forecasts suggest that Alibaba's net income per share will be ¥15.28, which is a significant improvement from ¥12.92 a year ago.

    Alibaba's expected quarterly revenue will increase by 8.35% to ¥224.48 billion. For the year, net income per share of ¥65.1 and total revenue of ¥959.34 billion are expected. These figures are higher than in the previous year, when they amounted to ¥54.46 and ¥868.69 billion, respectively.

    Although the economic situation in China and relatively weak consumer demand have caused some experts to adjust their views on Alibaba's target value, the overall market sentiment remains bullish. Most analysts continue to recommend buying the company's shares, with an average target price of $142.33, providing a significant upside of 69.7%.


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