《大行報告》高盛下調阿里-SW(09988.HK)目標價至134元 降京東-SW(09618.HK)目標價至325元
高盛發表報告指,第三季季績期即將到來,預期內地電商公司的第三季收入增長及第四季收入指引普遍較弱,主因宏觀經濟及消費疲弱。然而,由於合理的營銷開支加上成本控制,估計行業的毛利率有上升空間。
該行預期,阿里巴巴-SW(09988.HK)截至9月底止第二財季的中國商務及集團EBITA盈利增長料轉正;而京東-SW(09618.HK)零售業務第三季的經營利潤率或會創新高;至於拼多多(PDD.US)及快手-W(01024.HK)上季商品交易總額(GMV)料有超過20%的健康增長。
高盛將阿里股份目標價由146元下調至134元,京東目標價則由338元降至325元,兩企評級均為「買入」。該行維持快手目標價112元,評級「買入」。
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