研報掘金|華泰證券:予美團目標價150.7港元 預計次季收入按年增長17.6%
華泰證券發表報吿指,美團憑藉多年精細化營運,在壓力下利潤仍具韌性,予其目標價150.7港元,維持“買入”評級。該行預計,第二季美團收入達799.2億元,按年增長17.6%;非IFRS淨利潤89.2億元,按季增長16.4%。2024至2026年收入預測分別為3252億、3837億及4501億元,按年增長17.5%、18%及17.3%,預計非IFRS淨利潤預測為379億、534億及700億元,按年增長63.1%、40.8%及31.1%。該行預計,美團第二季餐飲外賣單量按年增長13%;餐飲外賣收入按年增11%,主要來自性價比消費趨勢下平均客單價小幅下滑。利潤端公司積極通過提升補貼效率及廣吿變現率,預計第二季外賣單位盈利為1.6元。
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