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《大行報告》大和降阿里(BABA.US)目標價至105美元 加大股份回購力度
大和發表報告指出,阿里-SW(09988.HK)截至去年12月底止2024財年第三季業績除了雲業務EBITA利潤超預期之外,並無任何重大驚喜。公司加大回購力度,顯示其釋放股東價值的承諾。雖然公司目標在未來三個財年將其流通股股數每年減少3%,並從其非核心資產變現獲得潛在股息,但該行認為公司的客戶管理收入(CMR)收入重新加速,才可推動股份重評。 該行將阿里的2025至2026財年每股盈利預測下調4%至5%,以反映其於淘天集團及阿里國際數字商業集團(AIDC)的開支增加,以及回購影響等。重申對阿里(BABA.US)美股「買入」評級,目標價由110美元下調至105美元。
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