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大行評級|交銀國際:上調美團目標價至129港元 上調今明兩年收入及淨利潤預期
交銀國際發表報吿指,美團第一季收入和利潤均超預期。相比上一次目標價更新,該行本次調整對美團今年以下預測,核心商業收入預測上調約14億元,相當於上調約0.6%,主要考慮外賣和閃購業務變現率提升。新業務收入上調約19億元,相當於約上調2.3%,主要受小象超市和快驢等業務及優選SKU加價率提升拉動。經調整營運利潤上調18%至374億元,並料新業務虧損收窄30億元。該行上調今明兩年收入預期各1%和2%,上調淨利潤預期各18%和2%。公司現價對應2024年16倍市盈率,較此前更有吸引力,維持2025年15倍市盈率,新業務0.5倍市銷率,目標價由111港元上調至129港元,評級“買入”。
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