《大行報告》野村下調阿里(BABA.US)目標價至134美元 評級「買入」
野村發表研究報告指,對阿里巴巴(09988.HK)(BABA.US)宣布不再推進全面分拆雲智能集團的決定感到驚訝,預期投資者將對阿里雲發展前景感困惑,同時削弱市場對阿里巴巴合伙人的信心。
野村認為,在當前嚴峻的宏觀形勢下,市場比過往任何時候都更需要見到阿里在關鍵時刻作出具有洞察力的決策。不過野村亦提到,身為阿里集團中最重要的IT基建一部分,阿里雲未來保留在集團中仍具有良好的商業意義,尤其是在人工智能時代到來之際,阿里雲的重要性可能會進一步提升。
阿里首次宣派年度股息,股息回報率約1.3%,同時集團承諾將審視旗下投資及非核心資產組合在未來釋放價值的可能性。野村將阿里2024財年收入預測下調2%,經調整EBITA預測保持不變,重申「買入」評級,美股目標價由142美元降至134美元。
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