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《大行報告》中金降美團(03690.HK)目標價至119元 短期業績承壓
阿思達克 01-23 09:34
中金發表研究報告指,維持美團-W(03690.HK)去年第四季收入按年增20%及非國際財務報告準則淨利潤34億元人民幣的預測。該行考慮到宏觀消費疲弱及競爭加劇,下調2024年收入及利潤預測,又認為集團在各項業務均面臨一定壓力,但目前股價已較為充分反映出市場的悲觀預期。該行預計,公司2023至2025年收入年複合增長率為18%。 中金提到,集團於去年11月底宣布達10億美元的回購額度,並於1月10日首次進行回購,截至1月19日,公司已當中7個交易日中每日回購4億元,為公司股價提供一定支撐。因此該行認為市場無需過度悲觀,維持2023年盈利預測不變,惟下調2024年收入預測3%至3,249億元人民幣,又下調非通用準則淨利預測14%至292億元人民幣。該行預測引入2025年收入達3,841億元人民幣,按年增18%,非通用準則淨利潤445億元人民幣,按年升52%。該行維持集團「跑贏行業」評級,目標價降16%至119元。
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