研報掘金丨國金證券:美團利潤超預期,本地消費復甦加速,維持“買入”評級
格隆匯5月26日丨美團(3690.HK)披露2023第一季度業績公吿,2023Q1公司實現營收586 億元,同比增長26.7%,Non-IFRS 歸母淨利潤55億元,同比扭虧為盈。國金證券認為,公司利潤超預期增長,經營槓桿加速釋放。外賣騎手供給充足情況下UE優化,到店及酒旅強勢復甦。新業務方面,美團優選運營效率提升帶動盈利情況改善;美團買菜2023Q1交易額同比增長超過50%,客單價及交易頻次同比提升。國金證券預計公司2023/2024/2025年營收分別為2757/3444/4130億元,Non-IFRS淨利潤分別為222/332/492億元, 對應P/E分別為30/20/13X,維持“買入”評級。
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.