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.
《大行報告》美銀證券上調攜程-S(09961.HK)目標價至330元 評級「買入」
美銀證券發表研究報告指,攜程-S(09961.HK)第三季度業績穩健,收入比市場預期高出6%,這主要是由於夏季內地旅遊需求勝於預期,部分抵銷了8月下旬開始疫情升溫的負面影響。由於本地和短途需求的彈性,以及暑假長途需求的短暫復甦,酒店收入恢復至2019年水平的71%,運輸速度恢復到70%,國際航空恢復到90%,而內地航空和地面運輸因則長途旅行更加謹慎而落後。對於第四季,管理層指,由於10月至11月嚴格的防疫限制,內地前景充滿挑戰。 該行料集團第四季度淨收入為49億元人民幣,按季跌29%。展望2023年,管理層更加樂觀,預計內地和跨境旅遊需求將有強勁反彈,這與海外市場類似。該行預計,2023年後內地需求將穩步復甦,並從2023年年中開始重新開放出境旅行。該行又預期2024財年將錄得全面復甦,非通用會計準測營運利潤率為27%,又上調2023至24年的收入預測2至4%,非通用會計準測盈利升0至4%,目標價由283元上調至330元,評級為「買入」,因受惠相信內地重新開放的催化劑、公司對內地長途旅行增長的敞口,以及集團在中高端旅遊中具穩固的領導地位。
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