《大行報告》大摩港股投資者更熟悉阿里巴巴若來港上市可提升估值
摩根士丹利發表研究報告,指《彭博通訊社》引述消息透露,阿里巴巴計劃重新來港作第二上市,初步集資額為200億美元,並指最快於未來數周向聯交所提交上市申請,而公司仍未證實相關傳聞;該行指基於阿里巴巴現金充裕,倘若公司決定來香港作第二上市,估計主要考慮在如何於增強股東價值。
該行指,假若阿里巴巴來本港作雙重上市,基於更多中國投資者可透過本港市場參與買賣阿里的股票,相信或可改善市場對阿里巴巴的估值水平,因投資者對阿里巴巴的業務更為熟悉。
大摩表示,維持阿里巴巴「增持」投資評級及目標價207美元,此按綜合方式作估值,對其核心業務按現金流折現率作估值每股相當159美元、予旗下阿里雲業務每股25美元估值、予其策略投資每股估值24美元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.