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《大行報告》大和下調美團(03690.HK)目標價至450元 料首季非通用會計準則虧損逾53億人幣
阿思達克 04-30 14:26
大和發表研究報告指美團(03690.HK)短期除受反壟斷調查影響外,主要風險似乎是對美團商戶基礎的影響,以及對食品外送廣告預訂改善率影響,該行預期佣金將大致穩定,整體交易額(GTV)會是短期的主要增長動力。

該行指,社區團購將是下一個監管重點,目前競爭仍是初期階段,預期公司會維持其具野心的擴張計劃,5月份公司將公布首季業績,相信市場主要關注點在於針對外送服務監管所作的經營變化、美團優選的策略和投資計劃、集資所得用途詳情等。

該行料公司首季外送收入按年增114%,店內、酒店和旅遊業務收入則增105%,而按非通用會計準則,預期首季經營虧損逾53億人幣,降2021至22年盈利預期,重申「買入」評級,目標價由500元降至450元。

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