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《大行報告》高盛下調復星旅遊文化(01992.HK)目標價至14.6元 評級「買入」
高盛發表研究報告指,復星旅遊文化(01992.HK)中期業績符合預期,核心EBITDA預期達到11億元人民幣,當中主要來自Club Med的扭虧為盈EBITDA錄得12億元人民幣。 上半年Club Med業務量已恢復至2019年水平約90%,高盛指,受公司持續的高端化策略所帶動,上半年平均每日床位價格更超出2019年水平約19%。 考慮到Club Med及三亞亞特蘭蒂斯酒店業務量數據,最新房地產銷售時間表及匯率等因素,該行將我復星旅文2022至2024年核心EBITDA預測下調最多3%,目標價降至14.6元(原本15.5元),重申「買入」評級,指出由於海外業務敞口更大,業務復甦的可見度提高,相信公司已做好準備抓住中國遊客的消費升級趨勢。
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