大行評級|高盛:阿里健康上半年經調整純利超預期 予目標價4.4港元
高盛發表研究報吿指,阿里健康9月底止中期收入按年升10%至143億元,稍低過預期,經調整純利達9.78億元,勝該行及市場預期,淨利潤率6.8%。該行指,公司銷售相對放緩,尤其是1P的銷售;經營利潤率好過預期,過去12個月的年度活躍消費者超過3億,大致與上財年下半年持平。公司早前提出2025財年的淨利潤率目標為5%至5.5%,而中期正邁向目標進度。該行料投資者會關注公司近期的商品成交金額增長、對下半財年收入及盈利的指引、毛利擴張的潛力及中長期目標、行業動態、醫保報銷的政策更新,以及2025年的資本分配策略。該行對公司目標價為4.4港元,評級“買入”。
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