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《大行報告》富瑞降阿里-SW(09988.HK)目標價至110元 透過投資恢復增長
富瑞發表研報指,阿里巴巴(09988.HK)管理層表示上財季內「雙十一」促銷活動後淘天集團訂單量及商家數量錄得穩健增長;同時速賣通AE Choice訂單組合佔比增加,令國際數字商業集團(AIDC)繼續保持快速增長勢頭。該行相信阿里通過投資可重拾增長動力。 該行預計,阿里於2025財年將對淘天集團和AIDC增加投資,同時擴大股票回購計劃規模反映其對長期前景的信心,因此維持「買入」評級,基於估值將港股目標價從128元降至110元,美股目標價從133美元降至114美元。
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