news flash·2025-07-16 05:12Core Viewpoint - Dongfang Securities maintains a "Buy" rating for Alibaba (09988.HK) with a target price of HKD 161.59, highlighting the company's increased investment in instant retail to capture market share in near-field e-commerce, despite anticipated profit pressure in the next two years [1] Group 1: Financial Projections - The company forecasts FY2026-2028 revenues of CNY 1,022.9 billion, CNY 1,098.5 billion, and CNY 1,185.2 billion respectively [1] - Adjusted net profits are projected to be CNY 132.1 billion, CNY 169.7 billion, and CNY 193.7 billion for the same period [1] Group 2: Business Strategy and Market Position - Alibaba is focusing on enhancing its instant retail capabilities to strengthen its position in the e-commerce sector [1] - The company is expected to maintain a robust trend in its core e-commerce business while benefiting from its leading position in the AI-driven cloud market [1]