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《大行報告》富瑞上調攜程(09961.HK)目標價至453元 次季業績勝預期
富瑞發表報告指,攜程(09961.HK)第二季收入及非公認會計準則盈利,均好過市場預期,管理層在分析員會議指,第三季休閒旅遊需求強勁,而消費者繼續轉向使用網上服務,公司長遠可以受惠。雖然商務出行與宏觀經濟相關,不過該行認為,在公司增加產品種類下,企業商務出行業務將繼續受惠。 報告指,相比2019年,預計第三季收入增長30%至137億元人民幣。明年收入按年增長15%至511億元人民幣,較之前預測的505億元人民幣為高,非公認會計準則經營溢利估計為136億元人民幣,經營利潤率與今年相若。 該行預期攜程作為內地龍頭旅遊服務商,繼續表現強勁的執行能力,長遠而言,將會受惠居民收入上升、城鎮化、以及市場份額提升,維持「買入」評級,目標價由426元上調至453元。
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