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.
東吳證券:以高壁壘供應鏈服務領軍鄉村振興消費藍海,首次覆蓋匯通達網絡(9878.HK)“買入”評級

東吳證券發研報指,予匯通達網絡(9878.HK)目標價55.76港元,相比現價(41.85元)有33%的漲幅空間,首次覆蓋,給予“買入”評級。該行指,鄉鎮電商是中國消費領域中為數不多的藍海市場,匯通達網絡是我國鄉鎮電商藍海市場中非常值得關注的優質稀缺標的,對提升鄉鎮渠道經營效率的作用非常顯著,未來業績有持續增長的能力。2021年,公司實現收入657.6億元,同比增長32.5%,經調歸母淨利潤為3.28億元,同比增長66.4%。匯通達網絡通過商品供應鏈和SaaS+服務全方位賦能線下門店,並以此撬開鄉鎮市場終端消費者。

該行指,匯通達的交易業務主要面向鄉鎮層級的門店,2021年,公司在超過2萬個鄉鎮中擁有近17萬個會員零售門店,擁有17.5萬個SKU,並實現了652億元的交易業務收入,同比增速為32%;公司將上游大品牌商與下沉零售門店聯繫在了一起,大幅提升效率,因此擁有明顯的溢價能力。匯通達的SaaS+業務主要包括幫助鄉鎮線下門店實現更高效的數字化管理,並通過定製營銷和網上門店服務幫助客户提升其門店銷售額。2021年公司SaaS+業務擁有10.2萬名訂閲用户和1.8萬名付費用户,實現收入2.78億元,同比增加132%。

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