Orient Securities maintains Buy rating on Alibaba Group

Orient Securities maintained a Buy rating on Alibaba Group, and the article also notes UOB Kay Hian kept a Buy rating; Alibaba reported quarterly revenue of HK$247.65 billion and a net profit of HK$40.65 billion for the quarter ending June 30.

Orient Securities maintained a Buy rating on Alibaba Group, according to the article. The article also notes that UOB Kay Hian maintained a Buy rating earlier this month. The same report references Alibaba's quarterly results for the period ending June 30. Those results show higher revenue and profit compared with the prior year. Key points: - The article mentions Orient Securities maintained a Buy rating on Alibaba Group. - The article mentions UOB Kay Hian also maintained a Buy rating on January 13. - The article reports Alibaba's quarterly revenue was HK$247.65 billion for the quarter ending June 30. - The article reports Alibaba's net profit was HK$40.65 billion for that quarter. - The article reports last year's revenue and net profit as HK$243.24 billion and HK$24.39 billion, respectively. Summary: The report records analysts' continued Buy ratings alongside year-over-year increases in Alibaba's revenue and profit. Undetermined at this time.