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《大行報告》大摩:阿里健康(00241.HK)上半財年毛利率勝預期及獲注資 料股價反應正面
摩根士丹利發表報告指,阿里健康(00241.HK)2024財政年度上半年,收入按年升12.7%至129.6億元人民幣,符合該行預期,對比京東健康(06618.HK)同期增幅為14%。直接銷售業務繼續帶領增長,按年升13.5%;電子商貿平台收入溫和增長2.1%;健康護理及數碼服務收入則升16.4%。受惠毛利率擴張及成本節省,經調整淨利潤6.43億元人民幣,好過該行預期,經調整淨利潤率按年提升2.3個百分點至5%。 該行指,公司上半年利潤率好過預期,並以135億港元收購阿里媽媽醫療健康類目獨家營銷審核權,市場期待已久的母公司注入資產終於落實,將有助持續提升平台收入,相信股價反應正面,目標價5元,維持「減持」評級。
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