Citi: Alibaba-W (09988) may have positive surprises at the Yunqi Conference; opens a 30-day short-term positive view.

Zhito Finance APP has learned that Citi issued a research report stating that Alibaba will hold its 2026 Apsara Conference in Hangzhou from September 22 to 24, with the theme "Intelligence Goes Beyond." After the recent weakness in sector share prices, the bank believes that any positive surprise announced at the Apsara Conference could trigger a positive reaction in the stock price, and it has opened a 30-day short-term positive view on Alibaba-W (09988). The bank maintains a "Buy" rating with a target price of HK$189.