《大行報告》美銀升阿里(09988.HK)目標價至318港元 料螞蟻集團估值可升至3,180億美元
美銀證券發表研究報告指,螞蟻科技集團招股資料透露,該集團正設法降低營銷成本,從中獲利,上半年疫情下其市場營銷活動的減少,令營銷費用比率從2019年的15%降低到8%。
同時,螞蟻的數字金融科技平台業務利潤率高,上半年該業務收入佔比超過60%,亦為集團整體貢獻不少,預期螞蟻科技繼續通過支付寶app去擴大日常生活服務範圍,並為商戶及金融機構合作夥伴提供小程序和AntChain等,加強商務關係,長遠而言可帶來更多的收入來源,美銀證券上調螞蟻科技集團估值,至相當於2021年目標市盈率45倍,即達到3,180億美元。
美銀因此提高阿里巴巴(09988.HK)2021至2022財年的利潤率預測,考慮到分拆螞蟻科技A+H上市可帶來收入,將阿里目標價由309元調升至318元,重申「買入」評級。
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