《大行報告》瑞銀下調美團(03690.HK)目標價至350元 評級「買入」
瑞銀發表研究報告,料美團(03690.HK)旗下「美團優選」於今年第二季虧損將擴大,公司管理層仍然相信虧損額可於今年見頂,公司將策略由增加用戶數目轉至提升營運效率,並增加更多可持續的商業模式。
該行指,美團在外送服務方面,投資者目前擔心監管政策,料將降低餐廳的獨家性、減少貨幣化率,以及增加騎手成本,但該行料第二季在店內業務方面有強勁復甦,其中酒店業的機會更多,經營溢利大致維持。
瑞銀表示,將美團目標價由420元降至350元,維持「買入」評級。
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