《大行报告》阿里巴巴(09988.HK)投资评级及目标价(表)
内地科网及电商巨企阿里巴巴(09988.HK)将於下周四(11月5日)公布截至今年9月底止的2021财年第二财季度业绩,受惠於内地线上消费持续良好,平台上日活跃用户增长下,本网综合10间券商预测,阿里巴巴2021财年第二财季(截至2020年9月底止季度)度非公认会计准则净利润料介乎346.37亿至421.37亿元人民币,较上年同期327.5亿人民币(此已剔除因蚂蚁金服33%股权後确认的一次性收益及其他事项因素),按年增加5.8%至28.7%,中位数为383.89亿元人民币,按年增加17.2%。
由於阿里上财年获得蚂蚁金服33%股权後确认的一次性收益及其他事项因素,但本财年(2021财年)此一次性因素不再存在,本网综合6间券商预测,阿里巴巴2021财年第二财季度股东应占溢利料介乎217.3亿至327.52亿元人民币,较上年同期725.4亿人民币,按年下跌54.8%至70%,中位数为288.14亿元人民币,按年跌60.3%。
而花旗预计,投资者将关注季度复苏情况、淘宝及天猫自然商品交易额(GMV)增长趋势、新版淘宝app升情况、佣金收入增长与及核心商业增长。
本网现列出18间券商对其港股评级及目标价:
券商│投资评级│目标价(港元)
麦格理│跑赢大市│391元
杰富瑞│买入│372元
瑞信│跑赢大市│354元
安信证券│买入│351元
招银国际│买入│345元
花旗│买入│340元
招商证券国际│买入│349元
大和│买入│348元
高盛│买入(「确信买入」名单)│341元
银河国际│增持│338元
美银证券│买入│334元
星展│买入│315元
广发证券│买入│309.76元
国泰君安│买入│305元
交银国际│买入│304元
工银国际│跑赢大市│294元
中信证券│买入│288元
法巴│持有│285元
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.