Alibaba's Strategy Shift Aims for Turnaround With Enhanced Logistics and Share Buybacks, Earns Analyst Confidence
Alibaba's Strategy Shift Aims for Turnaround With Enhanced Logistics and Share Buybacks, Earns Analyst Confidence
Mizuho analyst James Lee reiterated a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) with a price target of $95.
瑞穗分析師詹姆斯·李重申了對阿里巴巴集團控股有限公司（紐約證券交易所代碼：BABA）的買入評級，目標股價爲95美元。
Alibaba announced the withdrawal of the Cainiao IPO and listing application for the Hong Kong Stock Exchange. Cainiao, Alibaba's logistics and shipping division, was the subject of the aborted IPO, the analyst noted.
阿里巴巴宣佈撤回菜鳥在香港證券交易所的首次公開募股和上市申請。分析師指出，阿里巴巴的物流和航運部門菜鳥是首次公開募股中止的對象。
Also Read: Alibaba's Logistics Arm Cainiao Boosts Employee Bonuses, Plans Major Incentive Overhaul
另請閱讀：阿里巴巴的物流部門菜鳥提高員工獎金，計劃進行重大激勵措施改革
Management cited strategic and current market considerations for the decision. Strategically, Alibaba plans to integrate Cainiao with core e-commerce operations to regain market share and drive growth.
管理層列舉了戰略和當前的市場考慮因素作爲該決定。戰略上，阿里巴巴計劃將菜鳥與核心電子商務業務整合，以重新獲得市場份額並推動增長。
Additionally, Lee flagged the company's efforts to make sustained infrastructure investments to expand Cainiao's global footprint.
此外，李還表示，該公司正在努力進行持續的基礎設施投資，以擴大菜鳥的全球足跡。
Furthermore, Cainiao's financial information for the IPO application has expired, and challenging near-term market conditions hinder management's ability to unlock shareholder value fully.
此外，菜鳥的首次公開募股申請財務信息已經過期，充滿挑戰的短期市場條件阻礙了管理層充分釋放股東價值的能力。
Renewing the applications could also create distractions for management. Concurrently, Alibaba plans to repurchase shares from all minority shareholders for up to $3.75 billion to address workforce stability and provide liquidity, Lee said.
續訂應用程序還可能分散管理人員的注意力。李說，同時，阿里巴巴計劃以高達37.5億美元的價格從所有少數股東手中回購股票，以解決勞動力穩定問題並提供流動性。
Alibaba currently owns 64% of Cainiao's equity interest, implying an internal valuation of $10.41 billion for Cainiao.
阿里巴巴目前擁有菜鳥64％的股權，這意味着菜鳥的內部估值爲104.1億美元。
The new management structure has led to more agile and efficient decision-making regarding the company's reorganization.
新的管理結構使有關公司重組的決策更加靈活和高效。
Management anticipates positive impacts on operational and financial metrics in the future. However, spin-offs of subsidiaries are postponed due to poor capital market conditions.
管理層預計未來將對運營和財務指標產生積極影響。但是，由於資本市場狀況不佳，子公司的分拆被推遲。
Regarding capital allocation, Alibaba expects the Cainiao repurchase to conclude before June/July.
在資本配置方面，阿里巴巴預計菜鳥的回購將在6月/7月之前結束。
Additionally, the company plans to provide quarterly updates on regular share buybacks and will review its dividend policy in May. The firm intends to return capital to shareholders.
此外，該公司計劃提供定期股票回購的季度最新情況，並將在5月審查其股息政策。該公司打算向股東返還資本。
Despite market challenges, the analyst considered Alibaba an attractive turnaround story with a valuation of only 4x fiscal 2025 EBITDA. The analyst is waiting for more signs of macroeconomic recovery in China for a sustained rebound.
儘管存在市場挑戰，但該分析師仍認爲阿里巴巴是一個有吸引力的轉型故事，其估值僅爲2025財年息稅折舊攤銷前利潤的4倍。這位分析師正在等待中國宏觀經濟復甦的更多跡象，以實現持續反彈。
Price Action: BABA shares traded lower by 0.22% at $71.32 on the last check Wednesday.
價格走勢：在週三的最後一次支票中，BABA股價下跌0.22％，至71.32美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明： 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。