4 Takeaways From Brean Capital's Note On Alibaba
Here are four key takeaways from Brean Capital's note on Alibaba Group Holding Ltd (NYSE: BABA).
"China Post expects domestic logistics volume for Singles’ Day sales to exceed 500 million packages, surpassing the U.S. to record the heaviest market activity by volume globally this year."
"Ant Financial Services Group (Alibaba’s financial affiliate) reportedly issued RMB 30 billion in loans to merchants from August 26 through October 26 to help businesses ramp up for Singles’ Day, versus loaning RMB 15 billion over the same period last year."
"Aggressively leveraging multiple channels/assets (notably with offline partners this year) to drive customer awareness and cross-selling opportunities."
"We believe Alibaba is increasingly integrating itself into everyday service elements and ultimately continuing along its path of reshaping and developing China and global ecommerce."
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Shares of Alibaba recently traded at $115.68, up 1 percent.
Latest Ratings for BABA
|Apr 2017||Standpoint Research||Downgrades||Buy||Reduce|
|Apr 2017||Benchmark||Initiates Coverage On||Buy|
|Mar 2017||Barclays||Initiates Coverage On||Overweight|
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