建银国际发表研究报告指，将阿里巴巴-W(09988.HK) (BABA.US) 截至今年3月底止2025财年第四季度的收入预测下调0.7%，以反映云计算和其他收入的下降，部分被更快的CMR(客户管理收入)增长所抵销。同时，该行将阿里每股盈测上调0.6%，以反映更高的TTG(交易和技术服务)EBITA，部分被AIDC(阿里云数据中心)的更大损失所抵销。该行预计集团季度收入按年增长6.5%；经调整EBITA升34%；经调整EBITA利润率为13.6%，按年增2.8个百分点；季度非GAAP净利润增22%。
该行续予阿里“优于大市”评级，美股目标价下调至173.4美元；港股目标价下调至169.1元。(sl/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-11 16:25。) (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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