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花旗:高鑫(6808.HK)融入阿里生態系統 目標價上調至11.06港元
格隆匯 10-02 16:33

花旗發表報告指,隨着陶顯達(TXD)平台在今年上半年達營運收支平衡,高鑫零售(06808.HK)在今年8月開始在天貓超市進行批發業務。集團與阿里巴巴的合作,較以前由淘寶(經陶顯達)單純獲得流量更為深入。

該行認為,新合作使高鑫成為天貓超市供應鏈的一部分,令集團線下商店較競爭對手(半徑20公里範圍內)獲得更多市場佔有率。更重要的是,此代表高鑫更深入地融入阿里巴巴的生態系統,可以直接獲取阿里巴巴龐大的具質素/黏性的用户基礎、強大的物流和支付基礎設施等。

花旗上調對高鑫股份目標價,由10.8港元升至11.06港元,評級維持“買入”,明年及2021年的核心盈利預測亦上調3%至5%。另外,高鑫與李寧(02331.HK)同為花旗在今年下半年推薦的中國零售商。

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