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《大行報告》匯豐研究升阿里(09988.HK)目標價至364元 上調螞蟻估值預測至3,200億美元
阿思達克 10-23 12:08
匯豐環球研究發表示,重申對阿里巴巴(09988.HK)「買入」評級,上調美股目標價由345美元升至373美元,潛在升幅21%此按綜合方式作估值,對其港股目標價由337港元升至364港元,並上調對阿里巴巴旗下螞蟻集團的估值預測,由原來2,400億美元升至3,200億美元,指螞蟻集團估值吸引,僅相當預測明年市盈率33倍及動態市盈率1.6倍。

就螞蟻集團昨更新了其新股上市文件,公司今年第三季收入按年升50%(對比今年上半年增長38%),基於今年首九個月收入及毛利趨勢,相信螞蟻在行業具領導性優勢。

匯豐環球研究予螞蟻集團最新估值3,200億美元,予螞蟻集團的主營業務估值2,550億美元,其中旗下數字支付業務估值1,760億美元(較支付同業市盈率49倍有溢價10%)、其中信貸科技業務估值620億美元(較相關同業預測市盈率11倍有溢價15%)、其中投資科技業務估值70億美元(較財管業務同業市盈率13倍予溢價15%)、料螞蟻集團下策略投資估值180億美元、預測明年淨現金490億美元。

匯豐環球研究料,按阿里巴巴所持近32%螞蟻集團權益估算,料相關估值約1,020億美元,相當美股每股估值37美元,佔其美股股價307.97美元的12%。

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