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大行評級|瑞銀:維持阿里巴巴“買入”評級 預計第四財季EBITA按年升37.5%
格隆匯 04-08 14:59

瑞銀髮表報吿,維持阿里巴巴“買入”評級,H股目標價為172港元。該行預測阿里巴巴今年3月底止上財年第四財季收入按年升5%至2320億元,EBITA按年升37.5%至330億元。當中,淘天集團毛交易總額料按年升4.6%,受惠以舊換新補貼以及策略轉向毛交易總額增長。客户管理收入料按年升8%,受惠0.6%軟件服務費帶來的結構性的提成率上升,以及全站推工具。阿里雲季度收入料按年升17%,按季加快4個百分點,基於深度求索模型推出後的外在需求增長,EBITA利潤率料維持10%,營運優化被折舊增長抵銷。

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