《大行报告》高盛上调同程艺龙(00780.HK)目标价至23.5元 评级「买入」
高盛发表研究报告指,今年2月农历新年出游需求受压抑,3月起内地本地游复苏强劲,带动同程艺龙(00780.HK)及携程(09961.HK)首季业绩向好,收入均胜预期。
报告引述最新数据指,「五一」长假期间同程艺龙及携程内地住宿预订量分别较2019年同期提升66%及50%,机票预订升47%及30%。同程艺龙期内景点门票销量增长约1.5倍,管理层更透露非假日的「错峰」旅游量亦见强劲。
报告指,同程艺龙及携程均预期4月至5月旅游需求恢复健康增长,并预期次季酒店预订量将较2019年有增长。该行预期同程艺龙及携程第二季收入将按年增长77%及85%,与2019年比较同程艺龙将升33%。
至於下半年表现,高盛估计同程艺龙第三及第四季收入将分别较2019年同期增长33%及28%,维持「买入」评级,目标价由21.2元升至23.5元;携程则预期第三及第四季收入较2019年同期升74%及86%,维持「买入」评级,目标价360元不变。
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