《大行报告》汇丰研究升阿里(09988.HK)目标价至364元 上调蚂蚁估值预测至3,200亿美元
汇丰环球研究发表示,重申对阿里巴巴(09988.HK)「买入」评级,上调美股目标价由345美元升至373美元,潜在升幅21%此按综合方式作估值,对其港股目标价由337港元升至364港元,并上调对阿里巴巴旗下蚂蚁集团的估值预测,由原来2,400亿美元升至3,200亿美元,指蚂蚁集团估值吸引,仅相当预测明年市盈率33倍及动态市盈率1.6倍。
就蚂蚁集团昨更新了其新股上市文件,公司今年第三季收入按年升50%(对比今年上半年增长38%),基於今年首九个月收入及毛利趋势,相信蚂蚁在行业具领导性优势。
汇丰环球研究予蚂蚁集团最新估值3,200亿美元,予蚂蚁集团的主营业务估值2,550亿美元,其中旗下数字支付业务估值1,760亿美元(较支付同业市盈率49倍有溢价10%)、其中信贷科技业务估值620亿美元(较相关同业预测市盈率11倍有溢价15%)、其中投资科技业务估值70亿美元(较财管业务同业市盈率13倍予溢价15%)、料蚂蚁集团下策略投资估值180亿美元、预测明年净现金490亿美元。
汇丰环球研究料,按阿里巴巴所持近32%蚂蚁集团权益估算,料相关估值约1,020亿美元,相当美股每股估值37美元,占其美股股价307.97美元的12%。
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