花旗:升美團點評(03690.HK)目標價至107港元 評級“買入”
花旗發表報告表示,料美團點評(03690.HK)將於11月第三週將公佈第三季業績,因應用户參與度和目標津貼額度,相信公司在交易量和貨幣化方面表現勝預期,升速遞業務每訂單盈利預期至2020年為0.21元人民幣,2021年為0.7元人民幣。
該行決定,上調對美團點評目標價可由88港元升至107港元,此按綜合方式作估值,評級從“買入(高風險)”升至“買入”。

花旗表示,上調對美團點評於2019至2021年收入預期分別1.2%、1.4%及3.6%,該行估計美團今年第三季預期收入可按年升38%至263.8億元人民幣,總交易額升25.4%至1,827億元人民幣,非通用會計準則純利會達7.44億元人民幣(對比市場同業料錄虧損2.12億人民幣)。該行料美團於今年第四季收入可按年升34%至266億元人民幣,非通用會計準則虧損會為6.09億元(對比市場同業料錄虧損9.62億人民幣),而因應冬天,預期食品速遞費會轉虧。
該行最新估計,料美團點評於2019至2021年非通用會計準則下純利各5.9億、60.91億及193.14億人民幣。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.