The Zhitong Finance App learned that Guosheng Securities released a research report stating that maintaining the Alibaba-SW (09988) “buy” rating, the estimated revenue for the 2024-2026 fiscal year is 9383/10015/108.49 billion yuan; net profit from non-GAAP is 1596/1646/175.2 billion yuan, and the target price is HK$114. The company's revenue for the 24Q3 fiscal quarter was 26.35 billion yuan, an increase of 5% over the previous year. Adjusted EBITA increased 2% year over year to $52.84 billion. NONGAAP's net profit to mother was 48.18 billion yuan, down 4% year-on-year, in line with market expectations.

According to the report, on February 29, Alibaba Cloud announced price reductions for all products, involving more than 100 products and more than 500 specifications. Among them, cloud servers were reduced by up to 36%, object storage OSS was reduced by up to 55%, and cloud databases were reduced by up to 40%. The bank expects to influence cloud business ARPU in the short term, and further expand the number of public cloud customers and cloud usage in the long term. In terms of share repurchases, the company plans to increase the repurchase plan by 25 billion US dollars, which is valid until the end of March 2027. After the scale increase, there will be a share repurchase quota of 35.3 billion US dollars over the next three fiscal years. In the nine months of fiscal year 2024, the company has completed the withdrawal of 1.7 billion US dollars of non-core assets, and a professional team has been set up to implement the exit plan for some listed companies' shares. The withdrawal of traditional retail business may be promoted in the future.