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<Research>Citi: BABA-W (09988.HK) Top Pick for CN AI Investment; Alibaba Cloud's Full-Stack AI Capabilities Strong
Recommend 48 Positive 49 Negative 21 |
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BABA-W (09988.HK)'s Alibaba Cloud possesses vertically integrated full-stack AI capabilities spanning its chip arm T-Head, IaaS, PaaS, and MaaS, Citi said in its report. Together with the continued advancement of its Qwen LLM and Model-Scope platform, the broker was optimistic that the company is well positioned in the rapidly expanding token economy and named BABA-W as its top pick for China AI investment. Citi reiterated its Buy rating on BABA-W, with a TP of HKD204 for Hong Kong stocks and a TP of USD205 for Alibaba Group (BABA.US) ADR. The broker believed the company's continuously enhancing full-stack AI capabilities will amplify cost synergies and margin expansion. Citi also raised its cloud revenue forecasts for FY2028-29 and introduced projections for FY2030-31. It expected total capex for FY2026-31 to reach RMB822.9 billion, equivalent to an annual average of about 32% of cloud revenue. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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