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《大行》瑞銀料阿里(09988.HK)首財季經調整EBITA跌15% 降目標價至154元
阿思達克 07-10 10:44
瑞銀發表研究報告,預測阿里巴巴(09988.HK)(BABA.US)2026財年首季收入按年增長1%至2,460億元人民幣,當中已反映剝離高鑫零售及銀泰等資產的影響,料客戶管理收入(CMR)將增長11%,主要受到基礎軟件服務費及佣金提升的帶動,但即時零售投資加大,將拖累經調整EBITA按年下跌15%至381億元人民幣,低於市場預期的461億元人民幣。 因應即時零售投資增加,瑞銀將阿里巴巴(09988.HK)2026至2028財年每股盈利預測下調7%至21%,目標價從174元降至154元,此按綜合方式作估值,預期短期內股價或隨市場競爭態勢而波動,評級「買入」。
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