CMB International Securities: Upticks Alibaba-W (09988.HK) target price to 198 Hong Kong dollars and reiterates it as the top choice for Chinese internet stocks.

According to the Zhitong Finance and Economics App, CMB International Securities released a research report stating that Alibaba-W (09988.HK) is the preferred target in the Chinese internet sector. Based on SOTP valuation, the target price was raised by 25% from 159 Hong Kong dollars to 198 Hong Kong dollars, with a further 14% upside potential. The firm continues to be optimistic about the group's strong execution capabilities, business synergy, and becoming a key beneficiary of AI through its full-stack technology and product layout. Therefore, it maintains a "buy" rating on the stock.