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《大行報告》建銀國際降平安好醫生(01833.HK)目標價至15.9元 營運指標改善
阿思達克 03-21 11:30
建銀國際發表研究報告指,平安好醫生(01833.HK)去年下半年收入錄24億元人民幣,按年下跌26.4%,較市場及該行預測的29億元人民幣為低。得益於經營利潤率提高及金融收益增加,去年下半年虧損收窄至1.03億元人民幣,對比上半年蝕2.45億元人民幣。 期內平安好醫生核心戰略業務用戶基礎持續增長,營運指標出現改善,公司亦加強於養老醫療護理市場的發展。該行預期,銀髮用戶的ARPU具有更大增長空間。同時在平安集團的保險客戶支持下,建銀預測公司2024至2026年收入年均複合增長率可保持在12.7%水平,通過改善用戶體驗和優化服務質量,用戶忠誠度將得以提升,推動整體ARPU增長。 由於新戰略業務增長速度較預期慢,該行將2024至2026年收入預測平均下調8%,目標價從16.8元下調至15.9元,維持「跑贏大市」評級。
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