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阿里增持51%將成最大股東,高鑫零售開盤一度暴漲近30%!
格隆匯 10-19 10:39

今日早間,阿里巴巴發佈公告稱,計劃以每股現金8.1港元,共計約280億港元的對價,收購高鑫零售約51%的股權。若收購成功,阿里巴巴將以72%左右的持股成為高鑫零售的第一大股東。 

具體收購方式是阿里巴巴集團將透過其子公司淘寶中國,以280億的對價收購吉鑫控股有限公司合計70.94%的股權,而吉鑫控股目前持有高鑫零售約51%的股權。 

消息釋出後,高鑫零售今早大幅高開11%,而後迅速衝高,漲幅一度超過28%,而後回落,截至發稿漲幅略高於17%。

 

而在此前的2個多月中,高鑫零售一路下跌,從7月2日最高的13.4港元,跌至上週五收盤的7.93港元,跌幅超過40%。自公佈中期業績後股價已跑輸國指17%。 

高鑫零售主要從事大賣場和電子商務平台業務,旗下兩個知名大賣場品牌分別是歐尚和大潤發。阿里巴巴於2017年11月注資224億港元,以21%的持股成為了高鑫零售第二大股東。 

阿里巴巴方面對着3年來與高鑫零售的合作表示非常滿意,並稱合作最初的設想全部得以實現:高鑫零售旗下大潤發和歐尚超市484家門店已經全面實現在線化,並接入餓了麼、淘鮮達和天貓超市共享庫存業務。而阿里巴巴此次大舉增持,也意味着中國規模最大的商超賣場之一將在數字化進程上再提速。

在聯合公告中,高鑫零售公佈了協議交割後公司的股權架構。

 

 

通過與阿里旗下電商、物流等渠道在庫存、團購、配送等各方面的合作,高鑫零售上半年錄得總營收532億元,同比增長5%,但低於市場預期;歸母淨利潤20.62億元,同比增長17%,超過了市場預期。 

其中,受阿里巴巴提供的新零售解決方案帶動,高鑫零售旗下同店銷售額同比增長了5.7%,新增用户約5000萬,活躍用户接近1300萬。 

7月至今,高鑫零售相繼宣佈與餓了麼簽訂外賣合作協議,並上調了與阿里巴巴年度交易金額的上限;推出社區mini店“小潤髮”等動作不斷。同時,包括大摩、國君(香港)、瑞幸在內的多家券商,持續給出了“持有”、“跑贏大市”等看多評級,以及12.7-15.6港元不等的高於其股價的目標價。 

而與此同時,高鑫零售的股價還是下跌了40%。其中,10月7日當天,高鑫零售大跌逾12%,創下了近1年中的新低。 

不過,花旗當天在報告中稱,相信高鑫能借助阿里巴巴已建立的數字基礎設施提供輕資產,實現快速消費品快速增長的解決方案,維持對高鑫零售買入評級,目標價14.42港元。 

花旗還指出,與其他電子商務生態系統相比,高鑫與其他在線快速消費品零售商未來的競爭將更多地取決於阿里的用户質量和數字基礎設施,而不是短期補貼。

另一方面,瑞銀則發表報告指出,自二季度起,內地消費者的消費行為正改變,轉向以社區為主的“新零售”模式,令高鑫零售線下交易減幅超過預期,競爭加劇致盈利受壓。因此瑞銀下調了高鑫零售下半年的盈利預期,並決定將其剔出該行的亞太區焦點股份名單。  

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