<ET Net News Agency, 12 August 2011> Nomura reduced its target price for Alibaba
(01688) to HK$10 from HK$13, and retained its "neutral" rating.
It said the 2Q earnings results are in line with the house's estimates. However, the
number of CGS (China Gold Supplier) members decreased q-q in 2Q as expected. This is the
second time in a row the company registered a negative net adds number since its IPO in
2007.
Nomura expects 1-2 more quarters of shrinking customer base.
etnet健康網購 | 6月限定優惠【送：明目藍莓精華36:1】乙樽► 火速行動
