You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》富瑞下調美團(03690.HK)目標價至321元 評級「買入」
阿思達克 05-16 11:11
富瑞發表研究報告指,美團(03690.HK)首季各項業務都步入正軌,相信投資者不會只著眼於疫情帶來的短期影響,維持「買入」評級,惟將目標價由346元降至321元,以反映最新業務趨勢。 該行預期,美團首季總收入將按年增長23%至454億元人民幣,其中外賣收入預期增長16%,訂單量增長15%,平均訂單價值則略有增長,預計外賣分部經營利潤率將擴大至6.2%。至於店內、酒店和旅遊業務,富瑞估計收入將增長16%,分部利潤率達到42%。 新業務方面,該行預計收入可增長41%,經營虧損錄約95億元人民幣,其中社區團購業務美團優選虧損料達到60億元人民幣。 而根據4月份行業趨勢,考慮疫情影響,該行預期第二季外賣訂單數量將按年跌約2.6%,而收入在補貼率較低下增長約1%,分部經營利潤率料達到10%;店內、酒店和旅遊收入預計按年下降約25%,分部利潤率降至約30%;而新業務收入料增長23%,第二季虧損收窄至約85億元人民幣。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account