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《大行报告》花旗下调阿里巴巴(09988.HK)目标价至297元 维持「买入」评级
阿思达克 05-17 14:27
花旗发表研究报告指,阿里巴巴(09988.HK)今年3月底止第四财季内地零售商业客户管理收入按年增长40%,菜鸟物流收入按年升101%,带动期内整体收入胜预期,在投资增加影响下,季度核心商业业务经调整EBITA稍逊预期。

管理层预期2022财年收入将增长30%至超过9,300亿元人民币,并计划将年内所得所有增量利润及额外资本投入用於支持平台商家,目标提升市场渗透率。花旗表示管理层的决定是意料之内,但相信市场需要时间消化阿里的投资计划。

花旗根据集团的增长指引,将2022及2023财年收入预测分别上调1.7%及1%,并将非公认会计准则净利润下调5%及6.1%,目标价由328元下调至297元,维持「买入」评级。

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