You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》中信證券:阿裏-SW(09988.HK)降本增效成效超預期 擴大回購堅定長期信心
中信證券發表研究報告指,阿裏巴巴-SW(09988.HK)2023財年第二季的核心電商GMV及CMR降幅按季錄得改善,儘管短期內消費仍然存在不確定性,但長期來看,隨着宏觀環境改善和防控政策優化,有望帶動消費大盤迴暖,GMV和CMR之間的增速GAP有望收窄。季度集團的調整後EBITA爲361.6億元人民幣,按年增29%,降本增效持續超預期。隨着公司整體進入高質量增長階段,降本增效將作爲長期戰略繼續實施,有望帶來利潤端的持續改善。 該行表示,公司額外增加150億美元回購計劃,顯示出對長期發展的信心。展望未來,宏觀經濟及消費大盤的回暖有望帶動電商業績修復,雲計算、創新業務等亦有望帶來增量貢獻,從而成爲公司股價上行的利好因素。該行認爲,集團仍然是中國長期數字化進程中的重要參與者,維持對其中長期數字化商業服務能力相對樂觀的態度,維持公司港股及美股「買入」評級,美股及港股目標價分別爲129美元和126港元。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account