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野村:首予美團(3690.HK)“買入”評級 目標價107港元
格隆匯 10-09 11:02

野村發表研究報告,首予美團點評(03690.HK)“買入”評級,給予目標價107港元。美團是內地網上服務平台龍頭,特別是與食品相關服務。集團經營兩大旗艦應用程式(app),分別為美團app及點評app,各擁有每月活躍用户2.92億名及1.16億名。

報告指,通過利用高頻密食品相關服務,美團已擴展至低頻密服務,如預訂酒店、休閒和美容服務,並已成功打入預訂酒店服務市場。該行相信美團品牌忠誠度高及眾多用户好評可對抗競爭對手,以及有助其進軍新市場。

該行預料美團2019至2021年度維持穩固的年複合收入增長率35%;而非通用會計準則下,其經營利潤率將由2018年的-14%,去到2021年度可改善至9%。

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