港股異動 | 美團點評-W大漲10%創新高,第二季度淨利潤超過最高分析師預估
uSMART友信智投8月24日消息,週一港股,業績大好的美團點評-W走勢"先抑後揚",開市快速下探,隨後開始反彈,午後升幅進一步擴大,截至15:23分,美團點評-W升10.68%,報272港元,股價再創新高。
美團點評第二季度淨利潤超過最高分析師預估,摩根士丹利上調該股目標價逾1倍,並對公司核心外賣業務量看法更積極;中金及銀河-聯昌亦調升目標價。
中金公司分析師高羽中等人在報告中表示,美團點評二季度收入和利潤率均超預期,受益於各業務的持續復甦。
二季度經調整淨利潤27億元,遠高於市場預期,公司加強了成本及費用控制。
美團外賣訂單量二季度同比增長7%,估算6月底其市場份額或已達到70%;7月美團訂單量增速進一步提高至20%。
隨着餐飲業逐步從疫情影響中復甦,競爭對手組織架構調整,美團計劃加大補貼力度,進一步搶佔市場。預計外賣業務三季度營運利潤或較二季度的峯值水平略有下降,但訂單量增長將顯著加快至同比30%左右。
到店各業務正逐步復甦,預計三季度到店業務收入或將同比基本持平;二季度同比下滑13%。
分別上調2020和2021年收入預測5.3% 和7.5%以反映三大板塊業務收入上行。
考慮業務復甦及成本管控,將2020年經調整淨利潤從32.6億到50.4億人民幣,但維持2021年預測不變。
目標價從140港元上調86%至260港元,對應6%的上行空間,主因外賣、到店和創新業務的估值乘數調整,以反映長期增長預期向好,競爭環境改善;維持跑贏行業評級。
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