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《大行報告》花旗下調阿里(09988.HK)目標價至171元 評級「買入」
花旗發表評級報告指,由於新冠疫情影響及封城措施,該行相信內地經濟活動受到負面影響,令阿里(09988.HK)截至今年3月底止第四財季利潤增長受挫,並認為這次影響或延續至截至今年6月底止2023財年首季,以可能推遲今年下半年的復甦勢頭。 因應對商戶持續支援、收入組合轉向低利潤率或虧損業務,該行料阿里整體EBITA增長仍受壓。該行稱,考慮回購計劃、強勁現金生成及估值近歷史低位,認為阿里現水平屬吸引。花旗將其H股目標價由194元下調至171元,維持「買入」評級,稍調整集團2022財年總收入預測為8,448億元人民幣,或按年17.8%增長,略低於公司指引範圍的20%至23%低端,及對比市場預期的8,560億元人民幣或按年增20%。
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