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《大行報告》花旗下調同程旅行(00780.HK)目標價至18.5元 評級「買入」
花旗發表報告,預料同程旅行(00780.HK)今年第一季業績將會符合預期,預料其第二季營運將受封城影響,若疫情在5月中受控,估計收入按年下跌43%,經調整毛利率為9.6%。該行將同程旅行2022、2023、2024年盈利預測分別下調20%、8%、2%,並將目標價從20元下調至18.5元,維持「買入」評級。 該行預計,被壓抑的需求釋放將支持今年下半年良好的復甦,但Omicron變種病毒為給防疫政策帶來了更高的不確定性,不過儘管不確定性持續存在,但同程旅行在低線城市的敞口擴大、市場份額增加和穩健的執行情況下表現優於行業,重啟經濟活動視為關鍵催化劑。
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