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《大行》海通國際升阿里(BABA.US)目標價至167美元 即時零售業務勢頭強勁
海通國際研究報告指,阿里巴巴(09988.HK)(BABA.US)截至6月份止季度總收入達2,477億元人民幣(下同),按年增長2%,經營利潤349.9億元,按年下降3%。經調整EBITA按年跌14%至388億元,主要受淘天閃購業務投資、用戶獲取開支及技術研發投入所拖累。歸屬股東淨利潤按年大幅增長76%至431億元,主要來自投資公允價值收益及處置Trendyol本地服務業務。 該行認爲,集團的即時零售業務勢頭強勁,其中餓了麼和閃購持續獲取市場份額,以及雲業務收入加速增長,印證國內雲市場需求的韌性,料將共同支持收入及長期利潤率提升;上調美股目標價至167美元,評級「跑贏大市」。
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