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《大行報告》富瑞:攜程-S(09961.HK)首季總收入及非通用會計準則淨利潤均勝預期
富瑞發表研究報告指,攜程-S(09961.HK)首季總收入及非通用會計準則淨利潤均勝預期。當中,總收入按年增長124%至92億元人民幣,較市場預期和該行預期高出14.4%。住宿收入按年增長140%至35億元人民幣;交通收入增150%至42億元人民幣;旅行團收入增211%至3.86億元人民幣。毛利增149%至76億元人民幣;毛利率達82%。非通用會計準則營業利潤為26億元人民幣,而該行估計為15億元人民幣;非通用會計準則淨利潤達20.7億元人民幣,高於市場預期和該行分別預測的12.5億元人民幣和10.9億元人民幣。 該行予集團「買入」評級,目標價379元。該行將關注其近期旅遊需求趨勢及對下半年的預期、國內市場住宿情況和價格趨勢、今年出境旅遊和海外住宿趨勢、第二季和今年國內航空、火車和公交運輸量和價格趨勢等。
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