You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》里昂升移卡(09923.HK)目标价至78.2元 评级「跑赢大市」
阿思达克 03-26 15:50
里昂发表的研究报告指,移卡(09923.HK)去年核心净利按年增长19.2%,较该行预测低2.9%,而受支付方面拖累收入较预测低12.9%。期内公司策略渗透低端城市,拖累支付总额表现,而补贴亦影响到抽成。该行指出科技服务仍有良好势头,主要受惠新的SaaS产品及广告能力较强,仍看好移卡的长远增长,将公司目标由68.5元升至78.2元,评级维持「跑赢大市」,不过认为收入逊预期短期或影响股价表现。

该行指出去年公司交易总额跌2.7%至1.46万亿,下半年较上半年升28.5%,主要受惠自疫情复苏。不过,下半年App的支付交易额按年下跌,相信是由於公司期望渗透低端城市的小商户,虽然商户数目及单量有所增加,但就拖累交易额表现。另外,向商户提供补贴亦令费用比率跌至12.5个基点,不过估计在宏观经济复苏下有望回复。

里昂认为公司技术商业服务的收入维持强劲增长,并分别贡献去年收入及毛利的20.2%及35%,期内客户数目增长127.8%,公司亦有更多的SaaS产品推出助商户提升营运效率,相信相关分部的收入今年将维持强劲增长。(el/u) ~

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account