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阿里巴巴績佳勝預期,架構重組釋放更大價值中長期股價有望翻倍 @ 2023-05-21T20: Back Hot News
Keyword:阿里巴巴
Concept:阿里巴巴上季
阿里巴巴上季經調整盈利升38% 全年升4%
阿里巴巴上季經調整淨利潤增38%勝預期
▲ 【阿里巴巴業績】阿里巴巴上季經調整純利273.75億人幣勝預期 將派阿里雲作股息以分拆上市 正探索菜鳥、盒馬鮮生IPO
【信報財經新聞】阿里巴巴(09988)上季經調整淨利潤好過預期,但股價仍低開4.9%,造83.45元,成交有2.4億元。
阿里巴巴5.18壓軸公布季績 消費回暖帶動CMR跌幅收窄、阿里雲增速料上季觸底,可見【下一頁】
富瑞亦將阿里巴巴目標價由214港元下調至176港元。富瑞指出,上季阿里巴巴收入大致符合預期,而中國商業經調整EBITA以及整體經調整純利均勝該行預期。該行期待阿里巴巴長期投資於用戶體驗,以便消費者提供一站式的購物體驗。
隨著中國放寬了防疫限制,網上購物趨勢明顯放緩,阿里巴巴(09988)及京東集團(09988)上季國內電商業務收入均錄得按年倒退。為了尋求新的增長點,中國電商企業「出海」已是大勢所趨,但受到地緣政治因素拖累,過程遇上諸多挫折。以銷售服裝為主的中國跨境電商巨頭SHEIN遭印度封殺後,仍費盡心思試圖重返當地市場,正正體現出中國與西方勢力關系惡化,導致中資企業在海外市場發展舉步維艱。
阿里巴巴(09988)上季經調整盈利升38%。姚認為其整體業績雖未算差,但部分業務如GMV(商品交易總額)增速放緩,為毛利率甚至盈利帶來不明朗因素,中期發展或受礙。雖然阿里具分拆憧憬,但對其後市走勢有保留,料股價上升空間有限,在90港元已有一定阻力,短線支持則在80元水平。

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