Weekly Recap | Alibaba -4.76%, placement raises dilution concern
Weekly Review·- Alibaba shares fell 4.76 % this week to close at 113.24 dollars, underperforming the S & P 500. - The decline was primarily driven by equity dilution pressures from a 10.2 billion dollar AI stock issuance and a prior 75 % drop in net income. - Despite the downward pressure, 38 out of 42 covering institutions maintained buy or overweight ratings with an average target price of 186.82 dollars.Weekly Recap | BABA-W -3.59%, consensus target 60% above spot
Weekly Review·- Alibaba-W dropped 3.59 % this week to close at 110.1 HKD, underperforming the Hang Seng Index by 3.92 percentage points amid capital expansion and short-term funding pressures. - The company raised about 10.2 billion USD through a new share placement, triggering dilution concerns and a temporary drop in stock price. - Despite short-term price pressure, 25 out of 28 covered institutions rated the stock as buy or overweight, with a consensus target price of 176.46 HKD.