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《大行报告》大和下调美团(03690.HK)目标价至450元 料首季非通用会计准则亏损逾53亿人币
阿思达克 04-30 14:26
大和发表研究报告指美团(03690.HK)短期除受反垄断调查影响外,主要风险似乎是对美团商户基础的影响,以及对食品外送广告预订改善率影响,该行预期佣金将大致稳定,整体交易额(GTV)会是短期的主要增长动力。

该行指,社区团购将是下一个监管重点,目前竞争仍是初期阶段,预期公司会维持其具野心的扩张计划,5月份公司将公布首季业绩,相信市场主要关注点在於针对外送服务监管所作的经营变化、美团优选的策略和投资计划、集资所得用途详情等。

该行料公司首季外送收入按年增114%,店内、酒店和旅游业务收入则增105%,而按非通用会计准则,预期首季经营亏损逾53亿人币,降2021至22年盈利预期,重申「买入」评级,目标价由500元降至450元。

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