《大行报告》瑞银:阿里(09988.HK)本财年投资进取 市场或下调盈利预测
阿里巴巴(09988.HK)(BABA.US)昨公布截至今年3月底止全年度业绩,其美国预托证券显着受压挫6.3%。瑞银发表报告表示,阿里巴巴截至今年3月底止季收入高於该行及市场原预期各3.9%及4.2%,但经调整EBITDA录299亿人民币,低该行及市场原预期各8.3%及17.6%,指核心电商业务的经调整EBITDA低於该行原预测1.6%。
该行指,阿里巴巴管理层对2022财年(截至2022年3月底止财年)采取进取的投资策略,指会将所有新增利润投入到於2022财年重点战略领域,基於市场原预期阿里2022财年盈利可录14%至16%(mid teens)增长,大部份均不会预期录按年持平,但在进取投资指引下,料市场或估计阿里2022财年盈利预测正面看法会有所减弱,或下调盈利预测。
瑞银予阿里巴巴美股「买入」评级及目标价300美元。
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