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花旗:昇平安好醫生(1833.HK)目標價至92.8港元 評級“買入”
格隆匯 02-18 11:34

花旗發佈報告稱,將平安好醫生(1833.HK)目標價由75港元升23.7%至92.8港元,維持“買入”評級,調整其收入、營銷、及行政管理費用以反映運營效率提高。

報告表示,平安好醫生上週舉行會議表示,會員服務產品收入在2019財年超過4億港元,會員表現出更加強烈購買平安好醫生產品的意願,健康商城的處方藥支付上升2.3倍,訂單量增了2倍,平安好醫生計劃進一步拓寬其在線分銷渠道。該報告表示,平安好醫生在線醫療服務的毛利潤貢獻從2012財年的18%增加至2019財年的33%,管理層有信心在2021年實現收支平衡。

平安好醫生與福州政府合作的醫院平台,允許醫療保險卡可以在線報銷,儘管正在討論利潤攤分模型,但好醫生的目標是在更多城市複製該模型。

報告稱,近期為56個省和地區提供醫療諮詢服務和熱線電話,其查詢爆問量11.1億次,好醫生新用户增加10倍,新用户進行諮詢每日流量增加9倍。報告認為在線諮詢業務將更加重要,並且其趨勢在政策順風的支持下持續。雖然與個別市政府協商報銷需要時間,但相信政府將會給予支持。

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