《大行》美银证券降阿里(09988.HK)目标价至132元 即时配送强势投入将短期压制电商利润率

阿斯达克财经
Jul 14, 2025

美银证券发表报告,因高鑫零售(06808.HK) 与银泰出表影响,下调阿里巴巴(9988.HK)2026及2027财年总收入预测4%(部分被即时零售收入增长抵消)。集团调整后净利润预测分别调降18%及4%,至1,354亿和1,734亿元人民币,中国电商贡献调整后EBITA为1,494亿及1,887亿元人民币。基于模型调整,将目标价从141港元下调至132港元,阿里(BABA.US)  美股目标价由...

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