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<Research>Morningstar: BABA-W (09988.HK) Still Undervalued; Fair Value Estimated at $251
Recommend 15 Positive 28 Negative 16 |
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BABA-W (09988.HK)'s adjusted EBITA fell by nearly 78% QoQ in 2Q ended September 2025, Morningstar released a research report saying. The management forecasted that the revenue growth for the cloud intelligence business will shift from 'accelerating' to 'high' in the coming quarters, with the YoY growth rate of customer management revenue expected to slow in 3FQ. Morningstar maintained its expectations for BABA-W's cloud revenue and higher-than-guidance capital expenditure, while the customer management revenue guidance was in line with estimation. The broker believed that the Group's business has a wide moat, and the market continues to underestimate the strong execution of management and the potential of the cloud business. The Company's value is still undervalued, with the fair value of BABA-W's H-shares/ US stock estimated at $251/ US$258 per share. AASTOCKS Financial News Website: www.aastocks.com |
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