《大行報告》建銀國際降阿里(09988.HK)目標價至126.6元 料上季非通用會計準則淨利潤按年跌3%
建銀國際發表報告,料阿里巴巴-SW(09988.HK)上財季總收入按年升5.4%至2,610億元人民幣,遜於預期,並預料非通用會計準則稅息折舊及攤銷前利潤達520億元人民幣及非通用會計準則淨利潤率達19.9%。同時該行預料,上季非通用會計準則淨利潤按年跌3%至487億元人民幣,低於預期。
該行預料,集團商品交易總額(GMV)錄得低單位數增長,收窄了與全國線上零售銷售的差距,並料客戶管理收入(CMR)按年升0.7%,較GMV增長慢。整體而言,該行預料淘寶天貓收入按年升2%至1,295億元人民幣,而調整後稅息折舊及攤銷前利潤持平至593億元人民幣。
建銀國際表示,下調阿里巴巴在2024年、2025年及2026年收入預測,非通用會計準則淨利潤預測達1%增長。該行將阿里巴巴(09988.HK)目標價由137.8港元下調至126.6港元,維持其評級為「跑贏大市」;該行將阿里巴巴(BABA.US)目標價由141.3美元下調至129.8美元,維持其評級為「跑贏大市」。(ca/w)
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