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《大行報告》麥格理上調阿裏(09988.HK)目標價至145元 評級「跑贏大市」
麥格理髮表研究報告指出,在阿裏(09988.HK)披露2023財年首季業績前,該行對其盈利預測作出微調,認爲公司整體前景變化有限,相信各業務領域持續優化成本,可支持未來幾個季度盈利健康復蘇。 此外,該行估計阿裏核心市場總商品交易額(GMV)可能趨向於按年跌8%,主要受物流恢復健康和於「618」促銷期間商家需求強勁所推動。監於內地部分城市「封城」期間的訂單取消率較高,預測其核心廣告於6月止季度收入按年跌10%,但相信只是短期影響(與2020年初相似),對9月止及12月止季度核心廣告收入預測則大致不變,分別爲按年升1%及3%。 麥格理維持對阿裏收入預測,但將其2023至2024財年的經調整盈利各上調2%,目標價由138元升至145元,重申對其「跑贏大市」評級,並建議收集該股。
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