招银国际发表研究报告指，预计阿里巴巴(09988.HK) (BABA.US) 截至今年3月底止第四财季的收入增长及经调整EBITA均符合预期。该行认为，在国内核心电商业务方面，由于GMV稳健增长、集团可在期内维持稳健的客户管理收入(CMR)增长，淘宝和天猫(T&T)集团盈利能力达到正增长。另外，由于公有云收入稳健增长及AI云的贡献上升，预期云业务的收入按年增长将进一步加快。
该行相信阿里巴巴是人工智能时代的主要受益者之一，并可受惠于潜在的消费刺激政策增加。该行将集团美股目标价由157.7美元略为下调至157美元，维持“买入”评级。(sl/j)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-14 12:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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