bullish

Alibaba (9988 HK): 2Q23, Better Growth, Better Margin, 38% Upside

419 Views18 Nov 2022 01:51
Revenue began to grow in 2Q23 after the zero growth in 1Q23. The operating margin improved to 12.1% in 2Q23 versus 7.5% in 2Q22. We believe the stock has an upside of 38% and a price target of HK$108.
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