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惠譽:出行及餐飲消費回暖有助美團(03690.HK)提升現金流水平
阿思達克 06-01 17:10
評級機構惠譽表示,中國國內出行、餐飲及其他實體消費回暖,預期可為美團(03690.HK)今年現金流生成能力提供支持,料足以抵銷美團為抵禦同業競爭所採取一系列措施的影響。 今年首季美團錄得經營性現金流入淨額81億元人民幣,按季增加近一倍,惠譽預期,充裕的經營性現金流和可控的資本支出將推動美團的自由現金流進一步增加,並可增強美團的償債能力。 惠譽預計,美團在未來幾個季度將加強核心本地商業業務的營銷和推廣,從而對抗競爭及推動交易量增長,相信業務量上升可令核心本地商業業務經營性利潤維持穩定。 首季美團新業務虧損進一步收窄,惠譽預期,美團將持續透過提升效率及控制成本來提高投資回報,認為公司今年5月在香港部分地區推出境外餐飲外賣業務品牌Keeta,現時規模較小,料對全年業績影響有限。
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