Market Overview

4 Takeaways From Brean Capital's Note On Alibaba

Share:
Related BABA
10 Most/Least Crowded Trades Of Week Ended Oct. 13
Nvidia Seeing Strong Trends Heading Into Next Quarterly Print
Newman Dignan & Sheerar, Inc. Buys DowDuPont Inc, iShares MBS ETF, Alibaba Group Holding, ... (GuruFocus)

Here are four key takeaways from Brean Capital's note on Alibaba Group Holding Ltd (NYSE: BABA).

  1. "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."

  2. "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."

  3. "Aggressively leveraging multiple channels/assets (notably with offline partners this year) to drive customer awareness and cross-selling opportunities."

  4. "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."

The content above is embargoed by 90 minutes.

Shares of Alibaba recently traded at $115.68, up 1 percent.

Latest Ratings for BABA

DateFirmActionFromTo
Sep 2017Wells FargoReinstatesOutperform
Aug 2017Atlantic EquitiesUpgradesNeutralOverweight
Aug 2017BarclaysMaintainsOverweight

View More Analyst Ratings for BABA
View the Latest Analyst Ratings

Posted-In: Brean CapitalAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (BABA)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...