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《大行报告》美团(03690.HK)投资评级及目标价(表)
阿思达克 03-17 12:48
美团(03690.HK.HK)将於下周五(26日)公布去年业绩,虽然到店业务持续复苏,但市场预期受新投资(社区团购)业务影响,美团去年经调整溢利将会倒退,但收入则会按年增加。本网综合16间券商预测,美团2020年非国际财务报告准则经调整溢利料介乎22.05亿至63.12亿元人民币,较2019年经调整溢利46.57亿元人民币,按年下跌52.7%至增加35.5%;中位数为29.24亿元人民币,按年跌37.2%。

市场料公司受惠於金融投资之公允值变动影响,综合16间券商预测,美团2020年溢利料介乎26.73亿至82.05亿元人民币,较2019年溢利22.36亿元人民币,按年增加19.4%至增加266.9%,中位数为64.12亿元人民币,按年增加1.87倍。

投资者将关注美团管理层最新营运及毛利率指引,聚焦其拓展社区电商的投入及中长期策略,如频订单及下沉用户趋势等,同时关注内地潜在监管风险因素等。

本网综合28间券商对美团的投资评级及目标价:

券商│投资评级│目标价(港元)

汇控环球研究│买入│550元

大和│买入│500元

花旗│买入│495元

广发证券│买入│494.31元

瑞银│买入│470元

野村│增持│452元

摩根大通│增持│450元

瑞信│跑赢大市│436元

建银国际│跑赢大市│432.1元

高盛│买入│426元

中金│跑赢行业│426元

摩根士丹利│增持│420元

中信证券│买入│414.4元

中银国际│买入│413元

方正证券│推荐│416元

美银证券│买入│397元

杰富瑞│买入│394元

中信建投│买入│365元

华创证券│推荐│362元

麦格理│中性│362元

里昂│买入│350元

招银国际│买入│348元

第一上海│买入│347元

大华继显│买入│343元

中国银河国际│增持│338元

华泰金控│买入│336.6元

兴业证券│买入│330元

招商证券香港│中性│273元

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