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大和:料阿里(9988.HK)首季成交總額增長強勁 升目標價至294港元
格隆匯 07-13 13:09

大和總研發表研究報告指,阿里巴巴(9988.HK)2021財年首季成交總額增長勢頭強勁,為該行雙重上市股份的首選,重申買入評級,將目標價由260港元上調至294港元。

該行預計,阿里第一季收入同比增長30%,主要由於核心電商業務和雲業務的增長,以及非通用會計準則EBITA按年升8%至372億元(人民幣.下同)。該行又預計,天貓實物商品交易總額將同比增長26%,超過上個財年第三季度的同比增長24%;而全國有形產品網上零售額4月和5月分別同比增長19%,首季同比增長6%。

該行指,快速消費品、服裝和電子產品錄得穩健復甦,將支持該行對2021財年首季佣金收入同比增長18%的預測。

雲業務方面,該行認為,雲業務在第一季度將創下約120億元的收入,按季持平,仍然看好阿里雲,並相信中國的數字化趨勢將很快起飛。

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