BABC

CICC issued a report stating that BABA-W (09988.HK) +1.600 (+1.534%) Short selling $1.72B; Ratio 24.736% 's cloud business revenue and profitability maintained rapid growth, while contribution to positive cash flow accelerated. The broker maintained its Outperform rating and kept the ADR TP for Alibaba Group Holding Limited (BABA.US) at USD178 and the H-share TP at HKD172.

The broker expected BABA-W (09988.HK) +1.600 (+1.534%) Short selling $1.72B; Ratio 24.736% 's revenue for 2Q27 ended September 2026 to rise 9.8% YoY to RMB272.1 billion, with adjusted EBITA at RMB30.3 billion and non-GAAP net profit attributable to shareholders at RMB27.2 billion. The broker believed earnings would exceed market expectations, mainly due to narrower losses in AI Labs and application businesses, as well as better-than-expected performance of the e-commerce business.

The broker raised its forecasts for BABA-W (09988.HK) +1.600 (+1.534%) Short selling $1.72B; Ratio 24.736% 's non-GAAP net profit attributable to shareholders for FY2027 and FY2028 by 9% and 2% respectively to RMB110.1 billion and RMB161.3 billion, mainly due to AI Labs losses narrowing faster than expected and better-than-expected cloud business profitability. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-08 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)