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研報掘金|中金:上調攜程目標價至63.5美元 維持“跑贏行業”評級
格隆匯 05-22 14:15

中金表示,攜程今年首季毛收入按年增29%至119億元,高於市場預期2.6%;非通用準則淨利潤為41億元,大幅超出市場預期45%,主要是營銷費用投入低於預期以及於聯營企業的利潤中的損益超預期。中金基本維持攜程2024和2025年的收入預測不變,考慮到公司營銷費用率超預期優化,上調2024和2025年非通用準則淨利潤預測12%和10%,分別至150億元和192億元。

該行維持“跑贏行業”評級,上調美股和港股的目標價9%至63.5美元和492.4港元(對應美股和港股的2024年非通用準則市盈率20倍和20倍)。

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