《大行報告》摩通上調阿里(09988.HK)目標價至135元 評級「增持」
摩根大通發表報告指,該行對阿里-SW(09988.HK)6月底止首財季經調整每股盈測低於市場預測,認為即使首財季客戶管理收入或按年跌9%見底,惟在成本優化方面或勝該行及市場預期。
該行表示,按該行實地觀察及當地新聞報道,料阿里於首財季進一步縮減投資,故多項新業務虧損收窄幅度或勝預期,包括淘菜菜及本地服務等;惟物流網絡中斷以致訂單取消,這將為天貓佣金收入帶來負面影響,令核心客戶管理收入或沒有太大驚喜。
該行表示,將阿里的目標價由130元上調至135元,重申其評級為「增持」。
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