Daiwa lowered the target price for Alibaba (09988) to HKD98 from HKD103 and maintained the "buy" rating.
The research house said it is more positive than the market on Alibaba Cloud's margin in the long term due to the economies of scale.
【你點睇】京港滬港高鐵動臥首發運行,「夕發朝至」模式讓車程縮短近半,你會否考慮乘搭?► 立即投票