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瑞信:維持美團(3690.HK)跑贏大市評級 目標價311港元
格隆匯 11-29 13:01

瑞信發表研究報吿,將美團(3690.HK)目標價由335港元調低至311港元,維持“跑贏大市”評級。

瑞信稱,集團第三季收入按年增38%至488億元人民幣(下同);經調整經營虧損62億元,大致符合預期。按業務劃分,餐飲外賣業務表現略勝預期,到店、酒店及旅遊業務表現勝預期,而新業務表現則符合預期。

該行認為,核心外賣及到店業務的中期增長及利潤潛力仍未受損,但由於疫情及宏觀因素,近期前景受到限制。該行料其今年第四季及明年首季的外賣訂單量放緩,同時到店及酒店業務的復甦受影響。

該行下調對其今年預測2%,並下調明年經調整淨利潤預測至11億元,此前預測為55億元,主要由於餐飲外賣單位經濟較低,以及新業務虧損增加。

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