《大行報告》里昂料阿里(BABA.US)上季收入按年升8.8% 評級「買入」
里昂發表研究報告指,阿里巴巴(BABA.US)的電商業務恢復按年正增長,預計其上季收入按年升8.8%至2,240億元人民幣,其中,除雲業務以外,所有業務均錄得較快增長。該行預計,受到服裝銷售強勁反彈和「618購物節」良好表現所帶動,淘寶天貓的中國零售商業客戶管理(CMR)按年增6.7%。隨著CMR出現正增長及其他業務虧損進一步收窄,集團利潤率或會擴大。
該行預計,集團經調整EBITA將按年增長14.7%,又指雖然對下半年消費前景持謹慎態度,但相信淘寶天貓應該會保持正增長。該行重申阿里巴巴「買入」評級及目標價158美元。
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