Q4 earnings 24 Feb 2026 pre-market: Alibaba Group (9988.HK HKSE) watch cloud margin
9988.HK stock trades at HK$152.20 pre-market as Alibaba Group prepares to report Q4 earnings on 24 Feb 2026. Investors will watch revenue, China commerce recovery and cloud margin guidance for direct price impact. The firm reports after Hong Kong open; consensus focus is on unit economics in Cloud and advertising spend trends that could move the stock more than ±3.00% on the print.
9988.HK stock: Earnings preview
Alibaba Group (9988.HK) reports Q4 results pre-market on 24 Feb 2026 and the main drivers are China Commerce revenue, Cloud operating margin, and Local Consumer Services growth. Expectations hinge on advertising monetisation and higher-margin cloud contracts; beats here typically lift shares more than misses.
Analysts will compare reported EPS to the trailing EPS of 7.41 and monitor guidance. With the stock at HK$152.20, a modest upward surprise in Cloud margins could produce an immediate re-rate toward the 50-day average HK$155.35.
What to watch in the 9988.HK earnings report
Look for three datapoints: revenue growth for China Commerce, Cloud margin expansion, and free cash flow. China Commerce trends reveal consumer demand; Cloud margin gives insight into operating leverage.
Also watch management commentary on capital allocation, share buybacks, and any change to dividend policy. Volatility typically spikes: current average daily volume is 84,386,736.00 and today’s volume is 44,888,186.00, so liquidity could amplify moves.
Valuation and fundamentals: connect to price
Alibaba trades at PE 19.85 on trailing EPS and price-to-book 2.34, with a market cap near HK$2,809,409,256,013.00. These ratios sit below some technology peers in Hong Kong and imply moderate growth priced in.
Key fundamentals show cash per share HK$20.13 and book value per share HK$59.92, supporting a floor in adverse scenarios but leaving upside tied to operating margins and gross merchandise volume recovery.
Technical and short-term trading setup
Technicals show momentum strain: RSI 35.51 and MACD histogram negative at -1.94. Bollinger middle band sits at HK$162.01 and lower band HK$148.96, framing the immediate range.
A close above HK$155.35 (50-day) would reduce near-term downside, while failure below HK$149.50 (today’s low) could test the 200-day average HK$140.59.
Meyka AI stock grade and forecast for 9988.HK
Meyka AI rates 9988.HK with a score out of 100: 67.83 (B) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects monthly HK$164.57, quarterly HK$199.17, and yearly HK$183.64. Versus the current HK$152.20, the model implies short-term upside of 8.12% (monthly) and 20.67% (yearly). Forecasts are model-based projections and not guarantees.
Risks, sector context and near-term catalysts
Regulatory uncertainty in China, weaker ad spend, or slower-than-expected Cloud margin expansion are primary downside risks and could push valuation lower despite strong fundamentals.
Sector context: Consumer Cyclical peers show average PE 21.51; Alibaba’s relative PE of 19.85 leaves limited room for multiple expansion without earnings beats. Near-term catalysts include the earnings print, follow-up analyst notes, and macro retail data from China.
Final Thoughts
Key takeaways: 9988.HK stock opens pre-market at HK$152.20 and faces an earnings test on 24 Feb 2026. Watch Cloud margins and China Commerce revenue for the clearest link to price moves. Technicals flag oversold momentum (RSI 35.51) while valuation metrics (PE 19.85, PB 2.34) make the print decisive for near-term direction. Meyka AI’s model gives a one-year projection of HK$183.64, implying 20.67% upside versus today’s price, but results-driven volatility remains likely. Use liquidity and stop management: a clear beat could push price toward the 50-day average HK$155.35 and beyond; a miss could test the 200-day HK$140.59. For live updates see our Meyka AI-powered market analysis and the company page at Meyka 9988.HK stock page. Sources: Investing.com UK and MarketWatch.
FAQs
When does Alibaba report Q4 earnings and how could that affect 9988.HK stock?
Alibaba reports Q4 results pre-market on 24 Feb 2026. Results on Cloud margins and China Commerce revenue will likely drive intraday movement; surprises can move 9988.HK stock by more than ±3.00% at open.
What valuation metrics should investors check for 9988.HK stock after earnings?
Check trailing PE 19.85, price-to-book 2.34, and free cash flow trends. Also monitor cash per share HK$20.13 and guidance, since revisions drive multiple changes for 9988.HK stock.
How does Meyka AI view Alibaba now and what is the forecast for 9988.HK stock?
Meyka AI rates 9988.HK 67.83/100 (B) — HOLD. The model projects a one-year price of HK$183.64, implying 20.67% upside versus HK$152.20. Forecasts are model-based projections and not guarantees.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.