大行評級|花旗:相信阿里未來幾年能夠充分把握雲計算服務需求激增 予“買入”評級
阿里巴巴公佈,計劃未來三年投入至少3800億元,用於建設雲計算和人工智能基礎設施。花旗發表研報指,相信阿里未來幾年能夠充分把握雲計算服務需求激增;3800億元的開支高於其預測,該行原先預計由2025財年第四季至2028財年(共三年加四分一季)的開支共約3500億元。對於雲端收入,該行目前預測2025至2027財年收入將分別達到1190億、1450億及1730億元,分別按年增長12%、22%及20%;經調整EBITA利潤率將為8.1%、3.2%及3.2%。另外,花旗預測阿里今年3月底止2024財年第四季雲服務營收為310億元,按年增長22%;經調整EBITA利潤率將為5%。該行將阿里美股目標價定於170美元,給予“買入”評級。
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