-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA的分析師總結如下：GameStop (GME) 已提出以每股125美元的價格收購eBay，總價約為560億美元，資金來源為50%的GME股票和50%的現金（GME現有94億美元的流動資金以及TD Securities出具的200億美元高信心投資函作為支持）。鑑於GME的市值約為120億美元，而eBay的市值約為460億美元，這無疑是一項雄心勃勃且風險極高的收購要約。 GME的Ryan Cohen認為，他可以透過此次收購節省20億美元的營運費用，從而在一年內將eBay的GAAP營業利潤率從20.5%提升至38%-40%，並將GAAP每股收益從4.26美元提升至7.79美元。除了成本綜效之外，他認為GME在美國的約1,600家門市將構成eBay的全國性網絡，用於商品鑑定、收貨、物流配送和即時電商營運。我們認為這項策略理由缺乏說服力，並相信eBay近幾季的業務蓬勃發展，其估值將會更高。儘管如此，考慮到GME股價波動頻繁，維持「持有」評等似乎是審慎之舉。基於我們對2026年每股收益6.08美元的19.7倍市盈率，我們將12個月目標價從85美元上調至120美元。
Related Articles
Asia
Voyah Automotive Technology's Deliveries Jump 51% in April
Voyah Automotive Technology (HKG:7489) delivered 15,146 vehicles in April, up 51% from a year earlier, according to a Sunday Hong Kong bourse filing.Shares of the automaker were up nearly 2% in Monday morning trade.For the year to date, deliveries rose 36% to 49,038 units.The company said its VOYAH Taishan X8 recorded cumulative orders exceeding 30,000 units as of May 1, following the start of global pre-sales in April.
$HKG:7489
Asia
Enterprise Development Sells Amazon, Boeing Shares; Shares Slide 6%
Enterprise Development (HKG:1808) sold 17,000 Amazon shares from Aug. 15, 2025, to April 30, 2026, the firm said in a Hong Kong bourse filing Sunday.The software company's shares fell nearly 6% in morning trade on Monday.The Amazon shares were sold for an average price of $244.92, or $4.2 million in total.Enterprise also divested 20,000 Boeing shares from May 29, 2025, to April 30, 2026, it said.The shares were sold at an average price of $226.80, or $4.5 million in total.The company expects to record a gain of $335,983 on the Amazon share sale and $346,723 gain on the Boeing share sale.Enterprise Development continues to hold 3,000 Amazon shares and 1,000 Boeing shares after the sales.
$HKG:1808
Asia
Li Auto Delivers 34,085 Vehicles in April
Li Auto (HKG:2015) delivered 34,085 vehicles in April, according to a Sunday Hong Kong bourse filing.Shares of the automaker were up over 3% in Monday morning trade.As of April 30, cumulative deliveries reached 1.7 million vehicles.The company debuted the all-new Li L9 Livis in April, with an official launch scheduled for May 15.As of April-end, the company had 511 retail stores in 160 cities, 550 servicing centers, and Li Auto-authorized servicing shops operating in 223 cities, and 4,077 supercharging stations with 22,509 charging stalls in China.
$HKG:2015