《大行报告》大摩:阿里(09988.HK)上季经调整纯利高预期6% 因所得税率较低
摩根士丹利发表报告表示,阿里巴巴(09988.HK)昨公布截至去年12月底止第三财季业绩,期内收入录2,210亿人民币(按年升36.9%),高於该行及市场原预期各2%及3%,经调整EBITDA录613亿人民币(按年升20.9%)符合预期。
该行指,基於阿里旗下淘宝商品交易额(GMV)较佳,抵销了天猫商品交易额放慢的因素。该行表示,阿里上季电商业务收入按年升38.2%,高於该行原预期3%。
大摩表示,阿里上财季经调整纯利606亿人民币(按年升24.7%及按季升22.9%),高於该行及市场原预期各6%及3%,主要是所得税仅10%较低。该行予阿里巴巴美股(BABA.US)「增持」评级及目标价320元。
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