《大行报告》阿里巴巴(09988.HK)投资评级及目标价(表)
近月饱受内地反垄断监管风险困扰的科网巨头阿里巴巴(09988.HK),将於下周一(2月1日)公布截至2020年12月底止2021财年的第三财季业绩,虽然核心商业务收入料保持良好增长,但由於投资力度加大、来自电商同业拼多多等竞争,或令阿里利润率承压,本网综合8间券商料阿里截至去年底止第三财季非公认会计准则净利润介乎539.98亿至573.01亿人民币,按年升16.1%至23.2%,中位数555.95亿元,按年升19.6%。
由於公司上财年取得蚂蚁集团33%股份时确认的一次性重大收益,本财年不再录相关收益,本网综合6间券商料阿里截至去年底止(2021财年)第三财季的普通股股东的净利润介乎364.49亿至522.8亿人民币,按年微跌0.06%至下跌30.3%,中位数451.96亿人民币,按年跌13.6%。
券商普遍关注内地反垄断等监管政策所导致经营调整的风险、金融科技业务重组
、电商平台竞争令利润率受压等问题,观望管理层给予最新的相关指引。
本网综合12间券商列出对阿里巴巴港股的投资评级及目标价:
券商│投资评级│目标价(港元)
交银国际│买入│361元
国泰君安│买入│360元
高盛│买入(「确信买入」名单」)│352元
大和│买入│350元
中银国际│买入│342元
瑞信│跑赢大市│323元
安信证券│买入│322元
杰富瑞│买入│318元
建银国际│跑赢大市│315.9元
花旗│买入│305元
瑞银│买入│300元
广发证券│买入│298.89元
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