高盛把阿里的目标价下调了6%

一个胖子的世界
12 hours ago

高盛2月28日的研报,阿里的港股目标价从192元,被下调到了180元。阿里实际股价,最近一个月跌了25%。高盛用的估值方式,是经典的SOTP,把各部分业务分别估值,最后加总,比较适合业务多元的集团公司。每个业务的单独估值算出来后,加上投资资产和净现金,再减去控股公司折价,可以得到最终的股权价值和每股目标价。下调的主要原因,还是高盛认为阿里的主营业务电商不行了,CMR增速从6%下调到2-3%。淘宝...

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