Sou Hu Cai Jing·2025-10-08 22:27Core Viewpoint - Alibaba-W (09988.HK) has completed the exchange offer for its outstanding US dollar-denominated senior unsecured notes due in November 2024, with a strong buy rating from multiple investment banks and a target average price of HKD 173.89 over the past 90 days [1][2]. Group 1: Investment Ratings - A total of 23 investment banks have issued buy ratings for Alibaba-W in the last 90 days [1]. - Dongfang Securities recently assigned a buy rating with a target price of HKD 205.34 [1]. - Other notable target prices include HKD 210.44 from CITIC Securities and HKD 233.00 from Guosen Securities [1]. Group 2: Market Position and Financial Metrics - Alibaba-W has a market capitalization of HKD 34,426.1 billion, ranking first in the general retail industry [2]. - Key financial metrics include a Return on Equity (ROE) of 9.03%, a net profit margin of 14.08%, and a debt ratio of 39.99%, all outperforming industry averages [2]. - The company's operating revenue stands at HKD 9,619.61 billion, placing it second in the industry [2].