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《大行報告》花旗下調阿里巴巴(09988.HK)目標價至297元 維持「買入」評級
阿思達克 05-17 14:27
花旗發表研究報告指,阿里巴巴(09988.HK)今年3月底止第四財季內地零售商業客戶管理收入按年增長40%,菜鳥物流收入按年升101%,帶動期內整體收入勝預期,在投資增加影響下,季度核心商業業務經調整EBITA稍遜預期。

管理層預期2022財年收入將增長30%至超過9,300億元人民幣,並計劃將年內所得所有增量利潤及額外資本投入用於支持平台商家,目標提升市場滲透率。花旗表示管理層的決定是意料之內,但相信市場需要時間消化阿里的投資計劃。

花旗根據集團的增長指引,將2022及2023財年收入預測分別上調1.7%及1%,並將非公認會計準則淨利潤下調5%及6.1%,目標價由328元下調至297元,維持「買入」評級。

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