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《大行報告》大摩下調美團(03690.HK)目標價至360元 評級「增持」
阿思達克 07-19 09:41
摩根士丹利發表研究報告,維持對美團(03690.HK)次季預測,預期收入將按年增長68%,達到415億元人民幣,並預期非通用會計準則下淨虧損將擴大至51億元人民幣,較首季淨虧損48億元人民幣增加。

該行指,預期美團虧損增加主要來自於期內對社區團購業務及冷鏈設備的投資增加所致。大摩預期,次季食品外賣服務收入料達226億元人民幣,即按季及按年增長10%及55%,考慮到監管風險,對下半年前景更為審慎,預料全年外賣業務非通用會計準則下經營溢利將達66億元人民幣。

大摩並將美團2021至2023年外賣業務調整後經營溢利預測下調5%至21%,預期社區團購業務將於2025年達到收支平衡,維持「增持」評級,目標價由380元降至360元。

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