大行評級|招銀國際:上調攜程目標價至71美元 內地業務增長動能較預期強韌
招銀國際發表研報指,攜程第三季收入按年升16%,較市場預期高2%,Non-GAAP經營利潤則較市場預測高6%,主要受惠於銷售與營銷開支較預期低。不計入聯屬公司權益,Non-GAAP淨利錄54億元,較市場預期高13%。
招銀國際認為,攜程的內地業務增長動能較預期強韌,而海外業務復甦亦進展順利,預期在國際市場拓展的增量投資應有助於提升長期收入和盈利,因此將目標價由65.8美元上調至71美元,維持“買入”評級。該行現時預測攜程今年第四季收入將按年增長20%至約124億元,第四季及全年Non-GAAP經營溢利率預料將達到20.7%及30.3%。
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