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》大摩:阿里(BABA.US)三年內資本回報有顯著增加潛力 評級「增持」
摩根士丹利發表研究報告指出,繼續預期2024年首財季的阿里(09988.HK)(BABA.US)客戶管理收入轉增,料按年增長4%,並維持全年增長8%的預測,高過市場預期。 該行認為,阿里4月份線上零售額按年增長加速至21%,相對於今年首三個月增長7%加快,四年的年均複合增長率達11.4%,而零售額以服裝和化妝品的增長更快,各升32%及24%;3月及4月份的淘寶的日均活躍用戶(DAU)超過拼多多(PDD.US),該行認為是市場份額企穩的早期跡象;京東(09618.HK)首季盈利超預期,似乎反映市場競爭狀況較市場預期好。 此外,該行認為阿里結合目前600億美元的現金、900億美元的三年自由現金流,加上假設將非核心業務30%股權變現為500億美元,估計未來三年公司可用於分配的現金顯著增加,高達2,000億美元(佔市值的90%)。而阿里正進行400億美元回購計劃,截至2023財年首九個月已執行190億美元,該行相信公司未來6至12個月透過股息、回購和股權投資分配,使資本回報顯著增加。該行認為阿里為行業首選,目標價150美元,評級「增持」。
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