《大行報告》匯豐研究升美團(03690.HK)目標價至240元 評級「買入」
匯豐研究發表研究報告,預期美團(03690.HK)第二季新業務收入將按年增長37%,虧損收窄至80億元人民幣,加上核心業務復甦步伐較預期好,因此將今年度非公認會計準則淨虧損預測下調13%,惟對公司業務前景變得更爲樂觀,維持其「買入」評級,目標價由215元上調至240元。
該行預測,第二季美團收入將按年增長13%,達到490億元人民幣,經調整淨虧損收窄6%至21億元人民幣。按業務細分,該行預測外賣業務訂單按年增長3%,高於市場預期的1%,分部收入料增長13%。到店業務第二季收入預測按年下跌20%,經營溢利預期下跌25%。
匯豐研究並預計,美團第三季收入將按年增長16%,外賣訂單及收入增長10%及15%,經營溢利率爲6.1%。由於7月份中國部分城市再度出現零星疫情,預期到店業務第三季收入及經營溢利將按年持平,而新業務則虧損74億元人民幣。
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