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《大行報告》中金:阿里(09988.HK)回購計劃擴至250億美元屬同業中最高 顯示對未來信心
中金發表研究報告指出,阿里(09988.HK)回購計劃從150億美元上調至250億美元,回購金額為目前中國互聯網公司最高,並為迄今中概股史上最高回購計劃。儘管面臨挑戰,回購擴容彰顯公司對未來信心。 該行指出,雖然阿里面臨宏觀不確定性和激烈競爭環境等挑戰,但公司不斷優化消費端、供應端和匹配效率,將始終堅持多業務引擎,將基於長期戰略與目標的重要性、市場潛力以及規模化/可持續增長的可能性三大維度思考,對新業務進行有紀律性的投入。 中金認為,阿里未來仍有很多挑戰需要克服,但從邊際變化的角度看,已到了一個邊際改善概率遠大於繼續惡化概率的階段。該行維持對阿里2022及2023財年收入預測8,487億及9,417億元人民幣,維持非通用會計準則盈利預測1,356億及1,490億元人民幣。保持對其「跑贏行業」評級,港股目標價續為161元。
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