《大行報告》美團(03690.HK)投資評級及目標價(表)
美團(03690.HK.HK)將於下周五(26日)公布去年業績,雖然到店業務持續復蘇,但市場預期受新投資(社區團購)業務影響,美團去年經調整溢利將會倒退,但收入則會按年增加。本網綜合16間券商預測,美團2020年非國際財務報告準則經調整溢利料介乎22.05億至63.12億元人民幣,較2019年經調整溢利46.57億元人民幣,按年下跌52.7%至增加35.5%;中位數為29.24億元人民幣,按年跌37.2%。
市場料公司受惠於金融投資之公允值變動影響,綜合16間券商預測,美團2020年溢利料介乎26.73億至82.05億元人民幣,較2019年溢利22.36億元人民幣,按年增加19.4%至增加266.9%,中位數為64.12億元人民幣,按年增加1.87倍。
投資者將關注美團管理層最新營運及毛利率指引,聚焦其拓展社區電商的投入及中長期策略,如頻訂單及下沉用戶趨勢等,同時關注內地潛在監管風險因素等。
本網綜合28間券商對美團的投資評級及目標價:
券商│投資評級│目標價(港元)
匯控環球研究│買入│550元
大和│買入│500元
花旗│買入│495元
廣發証券│買入│494.31元
瑞銀│買入│470元
野村│增持│452元
摩根大通│增持│450元
瑞信│跑贏大市│436元
建銀國際│跑贏大市│432.1元
高盛│買入│426元
中金│跑贏行業│426元
摩根士丹利│增持│420元
中信証券│買入│414.4元
中銀國際│買入│413元
方正證券│推薦│416元
美銀證券│買入│397元
傑富瑞│買入│394元
中信建投│買入│365元
華創証券│推薦│362元
麥格理│中性│362元
里昂│買入│350元
招銀國際│買入│348元
第一上海│買入│347元
大華繼顯│買入│343元
中國銀河國際│增持│338元
華泰金控│買入│336.6元
興業証券│買入│330元
招商證券香港│中性│273元
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