《大行报告》汇丰研究升同程艺龙(00780.HK)评级至「买入」 目标价上调至21元
汇丰研究发表报告,将同程艺龙(00780.HK)今明年度的盈利预期分别提高了5%和10%,因收入和利润率预期提高。目标价由15元上调至21元,意味着16.7%的上升空间。由於利润率的恢复快过预期,以及国内旅游市场的快速复苏,将评级由「持有」升至「买入」。
汇丰研究预计,同程艺龙今年第二季将较2019年加速增长,因为国内旅游市场快速复苏,例如五一劳动节假期期间游客总数超过2019年水平3%;4月航空或火车票量回升至2019年水平的96%及92%,以及公司战略性地将营销费用投入到品牌、活动和用户获取渠道以捕捉需求。根据公司指引,今年第二季净收入与2019年相比将增长30%至35%,非通用会计准则纯利介乎3.5亿至4亿元人民币。
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