大行評級|大摩:上調極兔速遞目標價至10.9港元 評級升至“增持”
摩根士丹利發表研報指,極兔速遞以中國快遞業的競爭力拓展海外市場,令國際業務得以快速增長,鑑於東南亞及新興市場電商滲透率不斷提高,以及公司自身與中國電商公司的良好合作關係,令其海外市場份額持續提升,對極兔在海外市場的增長充滿信心,同時相信地緣政治所帶來的影響有限。
計及經營前景及估值預測,大摩將極兔2024至2026年EBITDA預測上調4%至5%,並將目標價由10港元上調至10.9港元,對應2025年預測企業價值對EBITDA比率約10.8倍,評級由“與大市同步”升至“增持”。
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