Alibaba Shares Seen as Undervalued on Cloud Business Potential -- Market Talk

Dow Jones

Nov 27

0419 GMT - Alibaba's shares are undervalued as the market continues to overlook its cloud business potential and underestimate the management's execution capabilities, Morningstar analyst Chelsey Tam says in a note. On quick commerce, she believes peak losses are now behind the company, noting management's guidance that losses are expected to noticably narrow in the December quarter. She also expects the on-demand delivery market to be dominated by two major players by 2027: Alibaba and Meituan. Morningstar keeps its forecasts for Alibaba's cloud revenue and above-guidance capital expenditure largely unchanged, addingthat management sees accelerating AI demand and notes its guided capex may be too conservative. Morningstar cuts its adjusted Ebita forecasts by 5%-7% during fiscal 2026-2028 ending in March while leaving its midcycle earnings estimates largely intact. Morningstar maintains its fair value estimates at HK$251.00. Shares last traded at HK$151.70. (jason.chau@wsj.com)

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November 26, 2025 23:19 ET (04:19 GMT)

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On quick commerce, she believes peak losses are now behind the company, noting management's guidance that losses are expected to noticably narrow in the December quarter. She also expects the on-demand delivery market to be dominated by two major players by 2027: Alibaba and Meituan. Morningstar keeps its forecasts for Alibaba's cloud revenue and above-guidance capital expenditure largely unchanged, addingthat management sees accelerating AI demand and notes its guided capex may be too conservative. Morningstar cuts its adjusted Ebita forecasts by 5%-7% during fiscal 2026-2028 ending in March while leaving its midcycle earnings estimates largely intact. Morningstar maintains its fair value estimates at HK$251.00. Shares last traded at HK$151.70. 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On quick commerce, she believes peak losses are now behind the company, noting management's guidance that losses are expected to noticably narrow in the December quarter. She also expects the on-demand delivery market to be dominated by two major players by 2027: Alibaba and Meituan. Morningstar keeps its forecasts for Alibaba's cloud revenue and above-guidance capital expenditure largely unchanged, addingthat management sees accelerating AI demand and notes its guided capex may be too conservative. Morningstar cuts its adjusted Ebita forecasts by 5%-7% during fiscal 2026-2028 ending in March while leaving its midcycle earnings estimates largely intact. Morningstar maintains its fair value estimates at HK$251.00. Shares last traded at HK$151.70. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2025 23:19 ET (04:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0329678337.USD","symbol_name":"FIDELITY EMERGING ASIA \"A\" (USD)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2586215964","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586215964","pubTimestamp":1764217140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0419 GMT - Alibaba's shares are undervalued as the market continues to overlook its cloud business potential and underestimate the management's execution capabilities, Morningstar analyst Chelsey Tam says in a note. 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On quick commerce, she believes peak losses are now behind the company, noting management's guidance that losses are expected to noticably narrow in the December quarter. She also expects the on-demand delivery market to be dominated by two major players by 2027: Alibaba and Meituan. Morningstar keeps its forecasts for Alibaba's cloud revenue and above-guidance capital expenditure largely unchanged, addingthat management sees accelerating AI demand and notes its guided capex may be too conservative. Morningstar cuts its adjusted Ebita forecasts by 5%-7% during fiscal 2026-2028 ending in March while leaving its midcycle earnings estimates largely intact. Morningstar maintains its fair value estimates at HK$251.00. Shares last traded at HK$151.70. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2025 23:19 ET (04:19 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}