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Daiwa maintained a Buy rating on Alibaba Group Holding Ltd.
Daiwa maintained a Buy rating on Alibaba with a price target of HK$184.00.
KEY POINTS
- Alibaba's shares closed at HK$122.90, significantly below the analyst price targets.
- CGS International also reiterated a Buy rating with a HK$175.00 price target.
- Alibaba's net profit dropped to HK$21.02 billion from HK$44.03 billion year-over-year.
COMPANIES
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