国信证券下调阿里巴巴-SW评级至“增持”

电商报2021-11-23

11月23日消息，国信证券发布研究报告称，下调阿里巴巴-SW评级至“增持”，看好其云业务的增长空间，但核心电商平台业务目前面临着政策监管、核心品类受到冲击等压力，下调收入增长预期，采用分布估值法对进行估值，予22年对应的估值区间为207-224港元，分别下调17%。该行指出，阿里巴巴第二财季实现营业收入2007亿元，同比增长29%，低于预期的2072亿元;Non-GAAP净利润285亿元，净利率为...

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