星展发表报告，阿里巴巴(09988.HK) 以131亿元人民币向德弘资本出售高鑫零售(06808.HK) 的78.7%股权，认为交易价格相对于高鑫零售最后交易每股2.48港元折让29%，这意味2026财年的市净率为0.7倍，低于至少1倍的市场预期，这可能会对高鑫零售的短期股价造成压力。因此，将高鑫零售评级由“买入”下调至“持有”，目标价由3.1元降至2.1元。
该行称，德弘资本将以相同条件向小股东提供现金要约，但考虑到高鑫零售最近的盈利回升及其更强的产品差异化，可能难以达到90%的私有化门槛。(mn/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-01-06 12:25。)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.