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攜程-S(09961.HK)挫近11%創H股上市低 大和料明年利潤率受壓降價至195元
攜程集團-S(09961.HK)今早(17日)大幅低開9.7%報175.1元後,盤中大部分時間低位波動,低見172.1元創H股上市新低,屆今午3時42分,報173.2元,跌10.7%,成交66.5萬股,涉1.16億元。 大和發表報告,指攜程第三季業績符預期,經營溢利率高於預期,受惠毛利率勝預期。由於Omicron變種病毒擴散,料國際出行需求可見度仍低,由於春節「在地過節」政策及冬奧前防疫限制,料境內出行需求仍受壓。該行對明年上半年出行展望更趨審慎,料攜程明年總收入僅達2019年水平的65%。該行維持予攜程H股「持有」評級,目標價由230元降至195元。 該行下調攜程2022至2023年經調整淨利預測介乎25%至37%,以反映境內出行需求差過預期。大和稱,即使疫情受控,本港與內地通關,明年旅遊情緒料續疲弱,民衆或傾向短途旅行,而不是長途旅行。另外,經營去槓桿料續壓抑攜程明年利潤率,大和料攜程明年經調整經營溢利率12%,低於2019年疫情前的18.9%。
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