瑞银发表研究报告指,阿里健康(00241.HK) 盈利增长潜力下降,自营业务销售增长放缓,宏观经济压力下市场竞争加剧,加上线上销售渗透率已较高,或无法支撑现有估值,因此将评级从“中性”下调至“沽售”,预计2025至2028年收入及经调整净利润年均复合增长率将达到高单位数及低双位数百分比。管理层倾向持续推动自营业务改善及提升毛利率,多于追求GMV及市场份额增长,瑞银认为虽然有助提升短期利润率,但亦...
Source Link瑞银发表研究报告指,阿里健康(00241.HK) 盈利增长潜力下降,自营业务销售增长放缓,宏观经济压力下市场竞争加剧,加上线上销售渗透率已较高,或无法支撑现有估值,因此将评级从“中性”下调至“沽售”,预计2025至2028年收入及经调整净利润年均复合增长率将达到高单位数及低双位数百分比。管理层倾向持续推动自营业务改善及提升毛利率,多于追求GMV及市场份额增长,瑞银认为虽然有助提升短期利润率,但亦...
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