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2025-09-17 13:13:09
[JPMorgan Chase: Raised target price for Ali Health's revenue and adjusted earnings forecasts to HK$6.5] JPMorgan Chase issued a report stating that the bank raised its revenue forecast for Ali Health for the current fiscal year and the next fiscal year by 4% each, reflecting the synergy with Taobao Express in user traffic and overall total transaction volume, and raised its adjusted earnings per share forecast for the current fiscal year and the next fiscal year by 3% and 4% respectively, reflecting that the marketing savings brought by Taobao's high subsidies to Express E-commerce were partially offset by the investment caused by business collaboration. The target price was raised from HK$5 to HK$6.5, equivalent to a forecast price-to-sales ratio of 2.5 times for the current fiscal year, and the "neutral" rating was maintained.
