大和:上調阿里巴巴(9988.HK)目標價至348港元 評級維持買入
大和指,將阿里巴巴(9988.HK)目標價由294港元升至348港元,評級維持買入不變。
大和早前出席2020年阿里巴巴投資者日,認為公司在捕捉數碼化機會定位佳,期望2021財年收入及盈利進一步上升,最新提高2021-2023年3月底止財年度盈利預測2-5%,主要因為對雲業務及菜鳥盈利預測更佳,對阿里估值伸延至2021-2022年財年度收入及盈利,料2021及2022財年收入達6775億元人民幣及8513億元人民幣。
大和又對阿里持有的螞蟻集團33%股權估值提高,螞蟻估值由原來1500億美元提高至2500億美元,這令阿里巴巴的投資組合估值增至1065億美元。阿里12個月目標價等同2022財年度市盈率32倍。

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