- English
- 中文版
- Launch webtrader
Launch webtrader
- Ways to trade
Ways to trade
- Platforms
Platforms
- Markets & Symbols
Markets & Symbols
- Analysis
Analysis
- Learn to Trade
Learn to Trade
- Pepperstone Pro
Pepperstone Pro
- Partners
Partners
- About us
About us
- Help and support
Help and support
Analysis
阿裏巴巴2022財年第四季度業績好於預期。全年來看亮點在於營收同比增長19%，中國市場消費者突破10億，阿裏雲13年來首次實現年度盈利，以及螞蟻集團的首次分紅方案等。由於疫情的不可預測性，阿裏巴巴未能給出當前財年的業績指引。
百度今年第一季度的營收和凈利雙雙超出預期，自動駕駛和智能交通在全國各地落地，APP活躍用戶穩健增長。
兩大科技巨頭的的股價飆升帶動中概股集體走強，納斯達克中國金龍指數漲7.57%。HK50和CN50指數今天截止目前為止分別跳升1.60%和3.27%。
HK50
但是，如果仔細觀察會發現阿裏巴巴業績本身其實並沒有那麽出色（營收增速放緩，凈利潤下降），而且未來仍然充滿變數，如疫情對零售消費和供應鏈的沖擊（核心電商業務貢獻了全年營收的87%）、日益激烈的同業競爭、美國對海外上市公司的退市威脅，以及來自監管層的壓力等。政府的確正在加速出臺各項刺激措施，但這需要時間來具體落實並傳導至終端市場。不論是消費者還是投資者，信心的恢復不會是一蹴而就的。
昨天的股價可能更多體現的是一種長期積壓的負面情緒的釋放，畢竟從2020年10月的高點以來阿裏巴巴的股價已經累計下跌了70%。如果能沖破下降趨勢線的壓製（102附近），才有可能真正扭轉長期以來的頹勢。
BABA.US
和阿裏巴巴擁有相似處境的還有其他一些中概股和相關指數。雖然短線仍然處在築底階段，但對長線投資者來說，目前中國資產較低的估值具備一定吸引力。
另外，目前的外部市場環境也有所改善。隨著美聯儲鷹派程度暫時見頂、美股財報季的落幕、以及月底投資組合再平衡的需要，美股正在經歷超跌後的修正行情。
Related articles
Ready to trade?
It's quick and easy to get started. Apply in minutes with our simple application process.
The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted..