Fangzheng Securities: Maintains a "strong buy" rating for Alibaba-W (09988.HK), paying attention to the performance of Taobao's big promotion and the possibility of exceeding expectations.

According to the Securities Times APP, Founder Securities issued a research report stating that Alibaba-W (09988.HK) has increased its investment in instant retail and achieved good synergy with Taobao e-commerce, with rapid growth in cloud business opening up a second growth curve. The bank expects the company's revenue in the fiscal years 2026/2027/2028 to be 1058.6/1169/1269.9 billion yuan respectively, with a net profit attributable to shareholders of 111.6/145.1/173.7 billion yuan, maintaining a "strong buy" rating. Alibaba's layout of instant retail launching Taobao Flash Sale signifies Taobao's transformation from traditional e-commerce to a comprehensive consumer platform, breaking the boundaries between online e-commerce and offline instant retail. With the upcoming Double 11 sale, attention will be focused on Taobao's performance and the potential for surpassing expectations.