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《大行報告》高盛下調平安好醫生(01833.HK)目標價至120.37元 評級「買入」
阿思達克 02-04 10:43
高盛發表研究報告指,平安好醫生(01833.HK)去年度收入勝預期,毛利亦合符預期,期內毛利率的由2019年的23.1%提升至27.2%,相信是由於每月付費用戶比例提升,按年增長34.1%,以及疫情推動消費者醫療保健業務所致。

該行表示,平安好醫生於中期業務提出戰略升級計劃,包括擴大企業客戶和互聯網醫院的渠道、服務範圍及增強醫生資源,預計戰略升級將在未來兩年內會產生更高的營銷及行政支出,因此將預測收支平衡時間推遲到2025年。

高盛並2021至2022年收入預測分別下調7.7%及15.4%,以反映在線醫療服務領域的更多競爭,計及匯兌損失及戰略投資,將2021至2022年盈利預測下調至虧損12億元及8.09億元人民幣,維持「買入」評級,目標價下調7.4%至120.37元。

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