Alibaba's Meteoric Rise: Climbs 11 Spots to 10th in WSB Rankings
1min read Alibaba has secured the 10th position in the latest WSB rankings, experiencing an impressive leap of 11 places from the previous day. The company's stock (BABA) surged 7.88%, marking two consecutive days of gains and achieving a 10.08% increase over this period. The intraday high touched new heights not seen since August 2023.
In recent market activity, Alibaba- W (09988) was significantly favored by northbound capital, with a net purchase of HKD 26.15 billion. This influx comes amid renewed optimism towards Alibaba, as analysts suggest a revitalized growth in the company's Gross Merchandise Volume (GMV). The strategic emphasis on core business development for platforms like Taobao and Tmall is reportedly on track, driven by an upgraded advertising technology toolset and enhancements in software service fees. These factors are expected to bolster Customer Management Revenue (CMR), contributing to profitability stability by the latter half of fiscal year 2025.
Goldman's analysis underscores the potential for an earnings per share transformation by the conclusion of the 2024 December quarter, extending into 2026. This positive forecast aligns with Alibaba's strategy, indicating a robust recovery in revenue growth which may unlock substantial valuation recovery opportunities.
Amidst these developments, Alibaba's recent stock performance has been notably strong. The stock recorded a net buying position, reflecting a significant capital influx from southbound trading, indicating heightened investor confidence. As Alibaba continues to realign its strategic priorities and adapt its growth models, the market's response remains optimistic.