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阿裏ADR急挫逾11% 摩通指季績遜及料未來數季GMV增長降至單位數
阿裏巴巴(09988.HK)(BABA.US)ADR在公佈業績後下挫,收報143.6美元下跌11.1%,以港元計摺合報139.8元,較阿裏巴巴在本港昨市價156元低10.4%。 阿裏公佈9月底止第二財季業績,歸屬於普通股股東的淨利潤爲53.67億元人民幣。非公認會計準則淨利潤爲285.24億人民幣,按年下降39%,低於市場預測中位數。本網此前綜合9間券商預測,阿裏巴巴2022財年第二財季非公認會計準則淨利潤,料介乎265.3億至403.66億元人民幣;中位數340.33億元人民幣,按年跌27.7%。 摩根大通發表報告指,雖早已預期阿裏季度業績會呈放緩,但旗下過往高毛利的中國零售商業客戶管理(CMR)收入放緩令人意外,估計市場對阿裏季績反應會負面。 摩通指,阿裏季度公認會計準則的ADS爲11.2人民幣,低於該行及市場原預期各12%及9%,主要是新投資投入高於預期,期內收入亦低於市場原預期3%。該行指阿裏給予2022財年收入按年升20至23%指引,亦低於該行及市場原預期各升26%及29%。 該行對阿裏未來數季在內地電商增長前景持審慎態度,料內地電商的商品交易額(GMV)僅按年錄單位數增長,收入在未來數季仍會形成新常態。而該行維持對阿裏巴巴「增持」評級及目標價250港元。(wl/s) ~
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