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《大行報告》大和下調華住集團(01179.HK)目標價至40元 評級「買入」
阿思達克 05-31 09:45
大和發表報告指,華住集團(01179.HK)管理層看似對內地商務旅行持保守態度,該行認為在經濟疲軟下,商務旅行或需要到2024年才可全面復甦。但公司留意到休閒旅遊需求強勁,尤其在低線城市及旅遊景點,這應會支持其平均每間可供出租客房收入的全年指引,回到2019年本地旅遊水平的110%至115%。 該行表示,華住管理層維持今年收入增長指引為按年升42%至46%,即使短期壓力持續,但該行相信公司作為唯一中國住宿業的長期核心控股,認為公司將會脫穎而出,明顯優於同行,並在疫情後開局良好。 大和指,將華住在2023年至2025年非通用會計準則EBITDA預測下調1%至3%,同時將其目標價由47元下調至40元,維持其評級為「買入」。(ca/w) ~
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