Dahua Jixian: Alibaba-W (09988.HK) target price raised to HK$190, reiterates "buy" rating.

According to the Zhichong Finance APP, Dahua Jixian released a research report stating that after the briefing on the first financial quarter performance of Alibaba-W (09988.HK) at the end of June, their view on Alibaba has become more positive. The core information is that the performance of local e-commerce and cloud businesses exceeded expectations, the competitive landscape continues to ease, supporting improved profitability. In addition to short-term profitability, Alibaba is expanding its AI ecosystem through data centers, AI-enabled Alipay, Q&A chatbots, and cooperation with leading AI labs. They maintain a "buy" rating, with an H-share target price raised from the original 188 Hong Kong dollars to 190 Hong Kong dollars, and Alibaba (BABA.US) target price raised to 194 US dollars.