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大行評級丨花旗:上調攜程目標價至78美元 休閒旅遊需求穩健
花旗發表報告指,攜程第一季度收入仍符合預期,按年增長16%至138億元,得益於國內酒店和出境旅遊的穩健增長以及Trip.com的強勁勢頭。進入本年第二季度,酒店入住量基數在今年剩餘時間可能略有提升,而平均每日房價(ADR)自5月起已開始顯示改善,預計國內收入實現9%的按年增長;出境旅遊方面,勞動節期間預訂量增長穩健,預計收入將增長15%。花旗預測攜程第二季度及全年的營運利潤率分別爲29.2%及28.4%,也因攜程持續評估其支出的投資回報率,該行認爲自身預估有相當大的上行潛力。憑藉旅遊行業的韌性表現,以及攜程在互聯網領域仍具相對吸引力,花旗將攜程2025至2027年的盈利預測小幅上調1%,目標價從75美元上調至78美元,維持“買入”評級。
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