研報掘金丨信達證券:予分衆傳媒“買入”評級,看好新潮收購帶來協同效應
信達證券研報指出,分衆傳媒重視分衆梯媒&支付寶“碰一碰”合作,看好新潮收購帶來協同效應。認爲分衆傳媒有望受益於對新潮集團的整合收購、即時零售公司對線下廣告渠道的投放預算加大以及宏觀經濟的穩健恢復,公司單點位效益可能呈現增長趨勢。在未算入新潮整合後的業績影響、未算入梯媒“碰一碰”中的增量業務貢獻情況下,預計公司2025-2027年營收有望實現135.33/144.94/155.43億元,同比+10.4%/+7.1%/+7.2%;有望實現歸母淨利潤55.55/59.81/65.28億元,同比+7.7%/+7.7%/+9.1%。截至2025年7月7日,對應PE分別爲19.89/18.47/16.93x,給予“買入”評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.