大行評級|花旗:維持阿里巴巴“買入”評級 預計第三財季GMV將再次加速增長
花旗發表報吿指出,阿里巴巴9月底止第二財季業績符合該行預期,經調整淨利潤及EBITA略超預期。客户管理收入(CMR)按年增長2.5%,抽成率按年保持穩定。該行引述阿里管理層指出,雙11促銷期間商品交易總額表現強勁,並對未來可能出台更多刺激措施以提振消費信心持正面態度。集團重申將在淘天集團(TTG)、阿里國際數字商業集團(AIDC)及雲業務的再投資,同時確認其他業務的分部虧損比率和盈利能力趨勢有所改善。
踏入阿里2025年第三財季,該行預計在刺激需求及雙11表現良好的情況下,商品交易總額將再次加速增長。該行維持對其“買入”評級,目標價132港元。
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