Weekly Recap | BABA-W -1.92%, most brokers rate it buy
Weekly Review·
- Alibaba-W dropped 1.92 % to 107.5 HKD this week, outperforming the Hang Seng Index by 0.47 percentage points despite thin trading volume.
- Institutional sentiment remained largely positive, with 20 out of 28 covering firms giving a buy rating and an average target price of 176.03 HKD.
- Key developments included corporate focuses on AI cloud and open-source technologies, alongside upcoming macroeconomic data releases in Hong Kong.
