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《大行》里昂降同程(00780.HK)目標價至20元 下調評級至「持有」
阿思達克 07-30 10:08
里昂發表研究報告指,同程旅行(00780.HK)收購大連聖亞(600593.SH)的消息令市場失望,並引發爭議。該行認為,這個交易幾乎沒有協同效應,甚至可能拖累利潤,並使其戰略方向、資本配置和股東權益回報率目標面臨更多質疑,相信這將對其估值產生影響。不過,該行對集團的競爭格局及其核心OTA利潤擴張仍然充滿信心。 該行將同程目標價由24元下調至20元,並將評級由「跑贏大市」降至「持有」。
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