《大行報告》大摩:美團(03690.HK)管理層對疫後復甦趨勢維持正面 核心業務目標未變
摩根士丹利發表研究報告指,考慮到最新疫情發展,美團-W(03690.HK)管理層表示對疫情後的復甦趨勢維持正面看法,核心業務目標保持不變。
大摩預計,對比去年同期高基數,美團今年第二季外賣餐飲業務訂單量將可達到按年持平,對外送業務的單位收益預測保持不變。同時,該行預期在補貼控制措施下,外送業務經營利潤率可錄得按年改善,未來補貼水平或有進一步降低的空間。
大摩表示,建議投資者放眼短期挑戰以外展望,該行對其長遠前景維持建設性看法,對美團維持「增持」評級,目標價240元。
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