<ET Net News Agency, 18 March 2011> Citigroup lowered its target price for Alibaba
(01688) to HK$18 from HK$20, and maintained its "buy" call.
It said Alibaba delivered a good set of 4Q results.
Given its focus to emphasize its service offering to retain and enhance member
experience, it continues to guide its total net adds for both the China Gold Supplier
and ChinaTrustPass to be flattish in 2011.
Citi thinks increased VAS penetration, as well as growth of its transaction-based
platforms, will be key drivers going forward; while growing rapidly, the revenue
contribution from transaction-based should remain small in the short term.
etnet榮獲第六屆國際信息商會議「最佳信息商」白金獎► 了解詳情
