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《大行報告》摩通下調阿里巴巴(09988.HK)目標價至250元 評級「增持」
阿思達克 09-30 14:44
摩根大通發表研究報告,對阿里巴巴(09988.HK)未來幾季的國內電商業務增長前景更加謹慎,將其目標價由260元降至250元,重申「增持」評級,認為釋放價值的關鍵催化劑,在於行業監管環境的穩定。 該行指出,中國在宏觀環境的不利因素下,包括對房地產、教育及互聯網等多個行業的監管收緊,將導致長期消費疲弱,估計內地電商業務商品交易總額(GMV)和收入按年呈個位數增長的情況,將成為未來幾個季度的新常態。
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