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《大行報告》花旗降阿裏(09988.HK)目標價至139元 重申「買入」評級 指擴回購計劃提升股東回報
花旗發表報告表示,阿裏巴巴-SW(09988.HK)2023財年第二財季業績符合預期,總體收入爲2,072億元人民幣(按年升3%),略低於市場預期,但與該行的預測基本一致。 該行指,阿裏經調整EBITA和中國商業EBITA均超出該行及市場普遍預期,這主要是由於大部分業務部門的虧損有效減少、以及中國零售業新零售計劃支出亦縮減。 該行維持對阿裏巴巴「買入」評級,按綜合方式估值,目標價由141港元稍爲下調至139港元。該行下調對阿裏巴巴2023年收入及非公認會計準則純利預測各3.1%及8.9%。 花旗表示,憑藉強大的現金流生成能力,阿裏巴巴將其股票回購計劃擴大至新的220億美元,並將有效期延長至2025財年,這是一種建設性的股東回報方式。(wl/u) ~
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