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《大行报告》麦格理上调平安好医生(01833.HK)目标价至123元 评级「跑赢大市」
阿思达克 02-04 11:06
麦格理发表报告指出,平安好医生(01833.HK)去年下半年收入按年增长48%,较该行预期高出13%,其中线上医疗服务增长67%,主要受会员销售增长所带动。

该行指,平安好医生管理层透露互联网医院及可定制医疗保险合作等新计划,相信可成为未来增长动力。平安好医生现时已与120多家公立医院签约,合作建设互联网医院,麦格理预期,未来互联网医院提供的诊断服务可解决市场上逾30%医疗问题,获得社保报销将有利於获取更多市场份额。

麦格理指,平安好医生的流量转向内生增长,积极扩展医疗团队并控制费用水平,导致月活跃用户增长速度放慢,每位医生每日诊症次数也有所减少,但相信是改善用户体验及付费用户转化的积极表现,将2021至2022年每股亏损预测调整各至0.91及0.64元人民币,以反映利润率胜预期和新发展计划,上调目标价由110元至123元,重申「跑赢大市」评级。

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