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研報掘金丨財通證券:小商品城全年業績有望實現亮眼增長,給予“增持”評級
格隆匯5月26日丨財通證券25日研報指出,小商品城(600415.SH)Q1淨利潤超預期有望拉開全年業績高增帷幕,考慮到今年二區東新市場帶來較大入場資格費+租金增量、支付業務推廣進度較為順利,全年業績有望實現亮眼增長。另外,去美元化浪潮下跨境支付業務有望受益,推廣進度有望超預期。今年以來公司與百度、1688、京東先後達成戰略合作協議,並與聯通合作建設運營“一帶一路”國際數據中心,持續推進義烏市場供給側轉型升級,加快實現向國際貿易綜合服務商的轉型。看好公司新業務的快速落地帶來利潤彈性。預計2023-25歸母淨利潤24.2/24.3/26.3億元,對應PE18.2/18.1/16.7X,給予“增持”評級。
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