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《大行報告》花旗料美團-W(03690.HK)首季非通用會計準則淨利潤14.1億人幣
阿思達克 05-05 11:42
美團-W(03690.HK)將於5月底公布今年首季業績,花旗發表研究報告,預測美團首季表現將穩健,維持預測不變,料首季收入按年增長23.1%至569.8億元人民幣,非通用會計準則下淨利潤料達到14.1億元人民幣,較市場預期低。 按業務劃分,該行預測美團核心本地商業首季收入按年增長21%至413億元人民幣,,當中外送業務收入預計增長19%至287.7億元人民幣,到店業務收入則增長23.6%至91.8億元人民幣,另外新業務收入料達到156.7億元人民幣,按年升30%。 至於次季,花旗預測收入增長將加快至27.9%,達到652億元人民幣,期望管理層可在首季業績交流中提供相對樂觀的次季預期。 考慮到行業競爭壓力及到店利潤率水平,該行認為目前股價已在很大程度上反映來自抖音的競爭,預期任何超出預期的營收增長及利潤率表現都將支持盈利預測及股價上行,維持「買入」評級及目標價211元。
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