招商证券料阿里(09988.HK)旗下菜鸟、盒马及云业务未来可带来可观收入
招商证券国际发表报告,阿里巴巴(09988.HK)投资者日的第二天,公司主要就其它几项发展中的业务做了详细阐述,作为新零售的开拓者,盒马鲜生(贩卖生鲜食品子公司)持续进化并拓展出各种新的商业模式以满足不同消费者的需求,指公司旗下盒马鲜生、菜鸟网络和阿里云将在各自领域保持其领头羊的地位。
该行指,维持对阿里买入评级,目标价在审视(前次目标价279港元)。该行认为盒马鲜生、菜鸟网络、和阿里云将在未来的几年中逐渐为阿里带来可观的贡献。
与此同时,虽然本地服务和数字传媒娱乐业务的亏损有所收窄,该行认为这些业务还是很难挑战各自领域行业领导者的地位。但鉴於这些业务仍存在战略价值,并能与核心业务产生协同效应,因此阿里还会在相关业务领域持续投入,期望可以从中分一杯羹。
招商证券国际称,阿里新的业务模式帮助盒马鲜生快速扩张,并获得更好的经济效益。截至今年上半年盒马已拓展了227家门店(按年增长43%),其年活跃买家数也超过2,500万人,而同店销售收入和年化坪效均实现了32%的按年增长。在物流上,菜鸟网络通过为消费者、商家和物流夥伴提供更好的基础设施和解决方案来推动物流行业的数字化转型。
在云业务上,阿里云持续扩大其在IaaS层面的领头羊地位,并进一步增强其在增值服务领域的影响力。截至今年上半年,增值服务为云业务贡献了55%的收入。展望未来,作为中国数字经济的新基础设施,阿里云立志在多个层面重新定义云计算行业。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.