《大行報告》美銀證券上調阿里(09988.HK)目標價至139元 評級「買入」
美銀證券發表研究報告指,阿里巴巴(09988.HK)首財季業績表現穩健,營業收入及利潤均超出預期,受所有主要業務增長加快所推動,整體收入按年增長14%。其中淘寶天貓集團收入增長12%,核心客戶管理收入(CMR)增長 10%,相信是由於去年基數較低,以及「618」促銷活動的成功所帶動。
報告指,集團強調通過不同的產品和內容滿足多樣化的消費者需求,並將加強對中小商戶的支持及於創新的投資,由於宏觀經濟疲軟,管理層預計短期增長會出現波動。
美銀預測2024財年阿里收入及經調整EBITA將增長9%及12%,相應將目標價由134元上調至139元,重申「買入」評級。
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