《大行報告》高盛引述美團(03690.HK)6月外賣業務錄單位數字增長 今年追求高質素的增長戰略
美團(03690.HK)今早股價曾高見210元一度彈高5.5%,最新報207元升4%。高盛發表報告表示,昨日與美團資本市場團隊進行溝通,並引述美團管理層指今年將追求高質素的增長戰略,並且對公司的長期增長潛力仍然充滿信心。管理層重申其長期目標,即每天外賣訂單1億份,每筆訂單的息稅前利潤為1元人民幣(意味著總交易額(GTV)利潤率為2%,對比全球同業目標幅度在個位數的中段);到店、酒店及旅遊業務未來五年收入複合年增長率目標為25%,而相關業務息稅前利潤率目標為40%。
在餐飲外賣方面,美團管理層預計外賣訂單數量將在第二季度保持按年持平,在6月份實現單位數字增長,指第二季度補貼將繼續按季下降,但一旦消費恢復,補貼可能會在於今年下半年有所上升,管理層指出將尋求加大營銷力度以提振需求。
在美團優選上,美團管理層指其與「多多買菜」的單位經濟差距,歸因於美團優選較高的營銷費用。管理層認為有望在增長和單位經濟改善之間取得平衡,並預計每季度經營虧損將收窄5億至10億元人民幣。高盛對美團給予「買入」評級,維持目標價為252港元。
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.