大行評級丨大摩:阿里出售銀泰或派發特別股息 予其“與大市同步”評級
摩根士丹利發表研報指,阿里巴巴宣佈悉售銀泰百貨持股,預期所得款項為約74億元,因出售銀泰而錄得的交易虧損為約93億元。
大摩認為,出售銀泰符合管理層早前公佈的發展戰略,即是專注淘天集團、阿里雲及國際數字商業集團等核心業務,潛在分拆線下零售業務,由於銀泰資產價值下跌在市場預期之內,因此錄得虧損相信不會令投資者感到意外,同時考慮到虧損屬非現金及非經常性,預料可按Non-GAAP會計準則調整,相信阿里可能會運用是次所得款項來派發特別股息。
大摩目前給予阿里美股目標價105美元,評級“與大市同步”。
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