Straits Times Index
3,322.14 +8.00 (+0.24%) Nikkei
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Alibaba Group Holding Limited (BABA)
After hours:
| Previous close | 73.67 |
| Open | 74.12 |
| Bid | 0.00 x 3200 |
| Ask | 0.00 x 2900 |
| Day's range | 74.12 - 75.93 |
| 52-week range | 66.63 - 102.50 |
| Volume | |
| Avg. volume | 16,600,379 |
| Market cap | 180.856B |
| Beta (5Y monthly) | 0.37 |
| PE ratio (TTM) | 17.35 |
| EPS (TTM) | 4.31 |
| Earnings date | 08 Aug 2024 - 12 Aug 2024 |
| Forward dividend & yield | 2.00 (2.67%) |
| Ex-dividend date | 13 Jun 2024 |
| 1y target est | 107.51 |
ReutersAnalysis-China's retail outlook dims after mid-year shopping festival flop
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world's second-largest economy. E-commerce sales declined for the first time during the so-called 618 festival that ended last week, reports said, reflecting the pressures building up on retailers who are already locked in a gruelling price war. The festival, named after the June 18 founding date of e-commerce provider JD.com but embraced by all platforms, is China's second-biggest annual sales event after 'Singles Day' in November and is seen as a key indicator of household consumption.
ZacksAlibaba (BABA) Rises As Market Takes a Dip: Key Facts
In the most recent trading session, Alibaba (BABA) closed at $74.75, indicating a +1.46% shift from the previous trading day.
- Reuters SG
UPDATE 3-Shares of Brazil's Magalu soar on AliExpress sales partnership
Brazilian retailer Magazine Luiza has struck a deal with Chinese e-commerce platform AliExpress to allow the two companies to sell products on each other's platforms, it said on Monday, sending its shares soaring. AliExpress will sell products from Choice, its premium service, on Magazine Luiza's marketplace, while Magalu - as the retailer is also known - will sell products from its own stocks on the Chinese firm's platform in Brazil. Shares of Magazine Luiza rose more than 13% on the news, while Brazil's Bovespa stock index gained 1%.
