The Biggish Sep 2023 "Wednesday-Thursday Trade" With Added Monday/Friday Flavour

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Alibaba (BABA): 3Q22, Transforming Missions Going Under Slow Quarter

Alibaba (BABA): Shanghai and Its E-Commerce Under Lockdown

JD.com (9618 HK): To Keep Revenue at Any Cost

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Bifurcated Chinese Express Market Developing

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<ul>
<li>We estimate that the revenue growth will rise to 11.5% YoY in 4Q22 from 9.7% YoY in 3Q22.</li>
<li>Freshippo is the store chain closest to the operation before the lockdown among all large retailers.</li>
<li>We believe the stock has an upside of 27% for March 2023.</li>
</ul>


We estimate that the revenue growth will rise to 11.5% YoY in 4Q22 from 9.7% YoY in 3Q22.
Freshippo is the store chain closest to the operation before the lockdown among all large retailers.
We believe the stock has an upside of 27% for March 2023.


Alibaba (9988 HK) Pre-Earnings: Still Active Under Lockdown, Buy