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《大行報告》瑞信上調美團(03690.HK)目標價至400元 評級「跑贏大市」
阿思達克 12-18 09:57
瑞信發表報告指,相信內地生活用品電商滲透率自去年的10%,至2025年將提升至33%。報告指,社群採購將是電商間主要競爭,相信相關部份市場價值至2025年可達1.5萬億元人民幣。

報告指,美團(03690.HK)可掌握此結構性增長趨勢,主要由於其生活用品種類齊全,及其具有線下大額訂單處理經驗,並有多種業務配套,目標價自340元上調至400元(估值採用分部加總方式)。為反映預測相關業務分部在2021年及2022年帶來額外虧損140億元人民幣,降美團該兩年盈測分別68%及38%。

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