大和:重申阿里(9988.HK)買入評級,目標價260港元
大和發表研究報吿指,預計阿里巴巴(9988.HK)2022財年首季度整體收入按年升36%,EBITA預測約370億元人民幣,料核心收入按年升17%,本季度中國網絡實體貨物零售將見高基數,該行重申阿里巴巴買入評級,目標價260港元。
大和表示,預料季內阿里巴巴天貓商品交易總額表現將優於大市,而早前阿里取得高鑫零售的控股權,料阿里於2022財年首季中國零售商業收入將按年升42%,不過,公司對淘寶特價版及社區商業平台的投資將拖累核心商業業務的EBITA。
該行又提及,預期季內雲業務收入將按年增長38%,料失去國際顧客的影響將於未來數季中逐漸消失,雲業務的主要收入將繼續來自本地顧客,該行並將公司2022年至2024年的收入預測下調1%。

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