伯恩斯坦怀疑阿里巴巴的低股价可能是一个价值陷阱

金融界2023-06-29

阿里巴巴估值依然便宜，但低增长和竞争加剧是两大担忧。阿里巴巴集团控股有限公司的股票可能是一个“价值陷阱”，一位刚刚下调该公司股票评级的分析师表示。伯恩斯坦的Robin Zhu承认，阿里巴巴的股价“仍然非常便宜”。但他担心，竞争问题和艰难的营销环境将使其难以从现在开始升值。周一晚间，他将该股评级从跑赢大盘下调至市场表现，同时将其美国存托凭证目标价从130美元下调至98美元。他写道:“一年前，我们升级...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我是黄教主
2023-06-29
我是黄教主
还能更低吗？
汪远
2023-06-29
汪远
阿里巴巴觉醒的太晚了，就好比龟兔赛跑藐视乌龟一样！
里二外三
2023-06-29
里二外三
已经是没落行业了。
三人
2023-06-28
三人
说说你对这篇新闻的看法...

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2346763869?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/7064c4d7d0e0e65c6e1138157a714384","is_english":false,"pubTime":"2023-06-29 08:33","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2346763869","market":"us","top_or_hot":-1,"title":"伯恩斯坦怀疑阿里巴巴的低股价可能是一个价值陷阱","media":"金融界","content":"<div>\n<p>阿里巴巴估值依然便宜，但低增长和竞争加剧是两大担忧。阿里巴巴集团控股有限公司的股票可能是一个“价值陷阱”，一位刚刚下调该公司股票评级的分析师表示。伯恩斯坦的Robin Zhu承认，阿里巴巴的股价“仍然非常便宜”。但他担心，竞争问题和艰难的营销环境将使其难以从现在开始升值。周一晚间，他将该股评级从跑赢大盘下调至市场表现，同时将其美国存托凭证目标价从130美元下调至98美元。他写道:“一年前，我们升级...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202306280522038428460c&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>伯恩斯坦怀疑阿里巴巴的低股价可能是一个价值陷阱</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n伯恩斯坦怀疑阿里巴巴的低股价可能是一个价值陷阱\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-29 08:33 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202306280522038428460c&s=b><strong>金融界</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>阿里巴巴估值依然便宜，但低增长和竞争加剧是两大担忧。阿里巴巴集团控股有限公司的股票可能是一个“价值陷阱”，一位刚刚下调该公司股票评级的分析师表示。伯恩斯坦的Robin Zhu承认，阿里巴巴的股价“仍然非常便宜”。但他担心，竞争问题和艰难的营销环境将使其难以从现在开始升值。周一晚间，他将该股评级从跑赢大盘下调至市场表现，同时将其美国存托凭证目标价从130美元下调至98美元。他写道:“一年前，我们升级...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202306280522038428460c&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09988","symbol_name":"阿里巴巴-W","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202306280522038428460c&s=b","article_id":"2346763869","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/7064c4d7d0e0e65c6e1138157a714384"],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202306280522038428460c&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2346763869","pubTimestamp":1687998832,"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"低增长和竞争加剧是两大担忧。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"translate_title":"Bernstein suspects Alibaba's low share price may be a value trap","themeId":"","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/1211fd07146fb721a4da7fc4bea366b5","symbols_score_info":{"BABA":1,"09988":0.6},"content_text":"阿里巴巴估值依然便宜，但低增长和竞争加剧是两大担忧。阿里巴巴集团控股有限公司的股票可能是一个“价值陷阱”，一位刚刚下调该公司股票评级的分析师表示。伯恩斯坦的Robin Zhu承认，阿里巴巴的股价“仍然非常便宜”。但他担心，竞争问题和艰难的营销环境将使其难以从现在开始升值。周一晚间，他将该股评级从跑赢大盘下调至市场表现，同时将其美国存托凭证目标价从130美元下调至98美元。他写道:“一年前，我们升级了阿里巴巴的评级，因为它的股票已经反映了长期的低增长，重新上市将通过更好的品类组合帮助支持增长。”“自那以来，阿里巴巴的股价一直在区间内波动——尽管估值仍然很低，但持续的低增长不再像是激进的熊市。”虽然Robin Zhu写道，他认为阿里巴巴有潜力在6月这个季度改善其总商品量的增长，但根据阿里巴巴商家的反馈，他对“营销支出意愿不足”表示担忧。他最近的谈话表明，商家更倾向于在竞争对手平台拼多多和抖音上花钱。“从现在开始，季度（比较）变得更加困难，我们担心这会导致价值陷阱风险，”Robin Zhu继续说道。他指出，如果核心电子商务领域的竞争问题得不到解决，他“不相信低市盈率和适度的每股收益（EPS）增长能够推动持久的股价表现。”阿里巴巴正处于重大转型之中，计划剥离其云计算业务，并改组剩下的公司的领导层。此次分拆尤其旨在释放股东价值，其思路是，阿里巴巴庞大企业的各个部门可以单独获得更高的估值。Robin Zhu说，他不太确定此举将如何发挥作用。他写道:“关于云计算的分拆，我们的主要问题涉及与潜在的美国制裁风险相关的适当折扣、私营部门的商业情绪，以及……有多少阿里巴巴股东愿意在第一天出售。”他最近下调了这部分业务的目标市盈率，指出其中30%与私有云或混合云服务有关，这一领域可能会继续拖累增长和利润率。阿里巴巴有兴趣分拆其菜鸟物流业务和生鲜杂货业务，但Robin Zhu怀疑投资者是否会“给予太多信任”。","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":192542433685584,"gmtCreate":1688049454643,"gmtModify":1688049456031,"author":{"id":"134415299988000","authorId":"134415299988000","name":"我是黄教主","avatar":"https://static.tigerbbs.com/84605b034aa3b9047dd8ebb91977889e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"134415299988000","idStr":"134415299988000"},"htmlText":"还能更低吗？","listText":"还能更低吗？","text":"还能更低吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192542433685584","repostId":2346763869,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":192539766673488,"gmtCreate":1688048803517,"gmtModify":1688048804992,"author":{"id":"3584321787129853","authorId":"3584321787129853","name":"汪远","avatar":"https://static.tigerbbs.com/c5ede9674316a5f60d1797566dfad2a9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3584321787129853","idStr":"3584321787129853"},"htmlText":"阿里巴巴觉醒的太晚了，就好比龟兔赛跑藐视乌龟一样！","listText":"阿里巴巴觉醒的太晚了，就好比龟兔赛跑藐视乌龟一样！","text":"阿里巴巴觉醒的太晚了，就好比龟兔赛跑藐视乌龟一样！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192539766673488","repostId":2346763869,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":192571061739624,"gmtCreate":1688042808484,"gmtModify":1688042809810,"author":{"id":"3544518779726666","authorId":"3544518779726666","name":"里二外三","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3544518779726666","idStr":"3544518779726666"},"htmlText":"已经是没落行业了。","listText":"已经是没落行业了。","text":"已经是没落行业了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192571061739624","repostId":2346763869,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":767863170154496,"gmtCreate":1687913895424,"gmtModify":1687915933068,"author":{"id":"3539298227367729","authorId":"3539298227367729","name":"三人","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3539298227367729","idStr":"3539298227367729"},"htmlText":"说说你对这篇新闻的看法...","listText":"说说你对这篇新闻的看法...","text":"说说你对这篇新闻的看法...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/767863170154496","repostId":2346763869,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":4,"repostSize":2,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2346763869"}