《大行報告》德銀上調阿里(BABA.US)目標價至155美元 評級「買入」
德銀發表報告指,阿里巴巴(BABA.US)各項業務呈轉機,對其今年實現穩固復甦的看法逐步樂觀。考慮到最近人民幣升值,將阿里巴巴美股目標價由140美元提高到155美元,並指消費復甦快過預期及監管環境變得更有利,認為阿里具上升的潛力,維持「買入」評級。
中國電子商務方面,該行認為阿里可能會享受比同行更強勁的反彈,因為預計主要類別如服裝和化妝品等將在重新開放後的表現將跑贏。雲計算方面,該行預計今年的收入將重新加速,主要因宏觀環境好轉以及早前失去一個海外大客戶影響消退所推動。
德銀指,阿里持續優化成本和營運槓桿,可提升利潤率,將對其2023至2025財年的收入預測分別上調0.3%、1%及1%,經調整純利預測分別上調1%、3%及3%。
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