12/03/2019
Morgan Stanley boosts price targets for Alibaba, Baidu and e-commerce upstarts as bank says China internet sector ‘attractive’
The 26 companies under Morgan Stanley’s sector coverage, including leading players Alibaba, Baidu and Tencent Holdings, are seen generating 24 per cent more profits to 376 billion yuan on the back of 24 per cent jump in sales to 2.6 trillion yuan.