Citi’s Alicia Yap believes Alibaba Group Holding Ltd
Yap maintains a Buy rating on the company, while raising the price target from $112 to $113.
The analyst expects
The adjusted EBITDA is expected to grow to 32 percent year-on -ear to Rmb 14.7 billion, with a decline of 6.5 pps year-on-year in EBITDA margins to 43.8 percent.
“The yoy decline is attributable to dilution from Lazada and Youku consolidation while qoq decline mainly due to higher S&M assumption,” Yap mentioned.
The analyst estimated the non-GAAP net income for Q2:17 at Rmb 11.3 billion, marginally below the consensus expectations.
According to the Citi report, the key focus areas during the
|Sep 2016||Deutsche Bank||Maintains||Buy|
|Sep 2016||Daiwa Capital||Maintains||Buy|
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