《大行》招银国际微降阿里巴巴(09988.HK)目标价至157美元 核心电商业务盈利料持续增长

阿斯达克财经
Apr 14, 2025

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...

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