《大行報告》高盛上調同程藝龍(00780.HK)目標價至23.5元 評級「買入」
高盛發表研究報告指,今年2月農曆新年出遊需求受壓抑,3月起內地本地遊復甦強勁,帶動同程藝龍(00780.HK)及攜程(09961.HK)首季業績向好,收入均勝預期。
報告引述最新數據指,「五一」長假期間同程藝龍及攜程內地住宿預訂量分別較2019年同期提升66%及50%,機票預訂升47%及30%。同程藝龍期內景點門票銷量增長約1.5倍,管理層更透露非假日的「錯峰」旅遊量亦見強勁。
報告指,同程藝龍及攜程均預期4月至5月旅遊需求恢復健康增長,並預期次季酒店預訂量將較2019年有增長。該行預期同程藝龍及攜程第二季收入將按年增長77%及85%,與2019年比較同程藝龍將升33%。
至於下半年表現,高盛估計同程藝龍第三及第四季收入將分別較2019年同期增長33%及28%,維持「買入」評級,目標價由21.2元升至23.5元;攜程則預期第三及第四季收入較2019年同期升74%及86%,維持「買入」評級,目標價360元不變。
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